Jacksonville Shipyards, Inc. v. Jacksonville Electric Authority

BOYD, Justice.

These consolidated cases are before the Court on appeal from final judgments of the circuit court in Duval County validating two bond issues of the Jacksonville Electric Authority. We have jurisdiction. Art. V, § 3(b)(2), Fla.Const.

The Jacksonville Electric Authority (JEA) and Florida Power and Light Company entered into an agreement entitled “Agreement for Joint Ownership, Construction and Operation of St. John’s River Power Park Coal Units # 1 and # 2.” The purpose of the agreement is for the two parties to jointly construct and operate two new coal-fired electric generating…