JEA customers to get $32 fuel credit

JACKSONVILLE, Fla. - The JEA Board of Directors on Tuesday approved a recommendation to refund about $26 million of its fuel reserve to customers by providing a fuel charge credit on bills in July.

The credit for the average residential customer will be about $32. All customers -- residential and commercial -- who have an active account in July will receive the credit.

Based on the guidelines of the JEA pricing policy, the current target of the fuel fund is about $95 million. The refund amount will bring JEA in line with that reserve target by September.

This one-time fuel credit came from JEA's savings on fuel costs because the price of natural gas was lower than expected. JEA said it is returning those dollars to its customers.

Copyright 2014 by All rights reserved. This material may not be published, broadcast, rewritten or redistributed.