Wednesday, April 4, 2007

As a resident of Jax, you are a shareholder in JEA. What kind of return are you getting?

Accord to April's Fast Company magazine, at public utility PG&E..."More than 50% of electricity delivered to customers is generated without carbon emissions. Over three decades, energy-efficiency programs have helped prevent construction of 25 new power plants." In addition, PG&E is "...targeting 20% renewable energy by 2010."

The article was titled, "Measured Progress...Investors are figuring it out: Short-term numbers don't tell the whole story. How to think about valuing the invaluable."

PG&E is a private company, and delivers an 11.4% return on equity to its shareholders. JEA is a city-owned utility, making every resident of Jacksonville a shareholder. So ask yourself...what type of return are you getting from JEA? What are you actually getting from all these higher rates? That why Mercury Falling is calling for JEA to lower mercury emissions by the same amount it raises rates. Let's get some kind of return on our investment.

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