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.