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Energy News

JEA hasn’t started negotiating with buyers — and won’t until the state weighs in

JEA hasn’t started negotiating with the nine potential buyers it picked to move on to the next round of talks — and on Friday it said it won’t do so until a review by the state Ethics Commission is complete.

After the municipal-owned utility identified suitors on Oct. 14, the past month has seen pushback to the idea of a sale from some City Council members as well as a review of the deal by the city’s director of ethics compliance and oversight.

Late last month, Carla Miller, Jacksonville’s…

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Energy News

HollyFrontier brings back former CEO as current one looks to retire

Petroleum refiner HollyFrontier Corp. (NYSE: HFC) has appointed a successor to the company’s current leader George Damiris, according to a news release. 

A familiar face at the company, Michael Jennings will assume the role of president and chief executive officer in January. Jennings was previously the CEO of Frontier Oil, and then took on the role of president and CEO when Frontier and Holly Corp. merged in 2011 until 2016.

Jennings will serve as executive vice president of the company until…

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Energy News

HollyFrontier brings back former CEO as current one set to retire

Petroleum refiner HollyFrontier Corp. (NYSE: HFC) has appointed former Chief Executive Officer Michael Jennings to succeed current CEO George Damiris, according to a news release. 

Damiris is set to retire at the end of the year and has served in the position since 2016. Jennings was previously the CEO of Frontier Oil, and stayed on as CEO when the two companies merged in 2011 until 2016. Jennings will continue to serve as executive vice president until the new year.

Jennings was also appointed…

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Energy News

NADBank board appoints new managing director; funds multiple projects

The North American Development Bank’s board on Thursday appointed Calixto Mateos-Hanel of Mexico as the bank’s managing director to serve through 2023.

Mateos-Hanel had been interim managing director of the bank since July, taking over from former managing director Alex Hinojosa after he was allegedly fired for inappropriate behavior. Mateos-Hanel was previously the bank’s deputy managing director and worked for 25 years at Mexico’s central bank. He has a doctorate in applied economics from Stanford…

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Energy News

JEA pulls out of employee incentive program

JEA has pulled out of its Long Term Performance Unit Plan, which would have allowed employees to defer compensation and invest in JEA.

Akin to an employee voluntary benefit program, the program would’ve allowed employees to be invested in the company and incentivized by its privatization.

In a letter from General Counsel Jason Gabriel to JEA CEO Aaron Zahn, he described the primary purpose as “to incentivize employees to drive and increase JEA’s customer, community and environmental value.”

“The…

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Energy News

JEA pushes back against Civic Council, claims compliance

A letter from Herschel Vinyard, JEA’s chief administrative officer, pushed back against allegations made by Jacksonville Civic Council Executive Director Jeanne Miller at the City Council workshop.

At the meeting Miller described difficulty in getting documents from JEA and raised questions about redacted information and the validity of “death spiral” claims.

The letter, dated for Nov. 14, is addressed to Jacksonville Civic Council President Tim Cost and describes efforts by JEA to provide the…

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