The Jackson Energy Authority Board of Directors approved its budget for fiscal 2019, which includes a projected $242 million in sales revenue.
Net sales revenue is projected to be $99.7 million, and capital expenditures are projected to be $38.5 million.
Operation and maintenance expenditures have a projection of $55.8 million, and net income before contributions is projected to be $10.8 million.
Board members also authorized a miscellaneous Electric Construction and Maintenance Contract with Broadway Electric Service Corp. (BESCO), based upon its submitted hourly rates not to exceed a maximum amount of $446,462.50.
The Board also authorized a contract with Asplundh Tree Expert Company for the trimming of 32 electric distribution feeder circuits and miscellaneous trimming as requested per their submitted bid of $439,476, for a one-year period beginning July 1, with the option to renew the agreement for two additional one-year periods.
(PHOTO: Monte Jones, chairman of the Board of Directors of Jackson Energy Authority, left, and Jim Ferrell, president/CEO of JEA)
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