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Time to change the game

Ive been combing my memory, trying to come up with a stunt that equals what Jacksonville, Fla., is trying to pull with JEA, the water and electric utility that is the largest community-owned utility in Florida. I cant.

By Steven Lang | Updated on February 27, 2014

I’ve been combing my memory, trying to come up with a stunt that equals what Jacksonville, Fla., is trying to pull with JEA, the water and electric utility that is the largest community-owned utility in Florida. I can’t.

In essence, the city with the third-most underfunded pension of our country’s big cities wants to enact a solution that will allow it to preserve its credit rating, a move that could, in effect, take the utility’s rating and – forgive the expression – flush it down the toilet.

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