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…
Milwaukee-based WEC Energy Group eliminated 30 positions this week at its locations in Milwaukee, Green Bay, Chicago and elsewhere.
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…
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…
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…
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.”
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…
The company has reached a tax incentive agreement with a local school district.
The former CEO of a Houston-based public company is now in charge of an Oregon-based company moving to the Bayou City to pursue the energy market.
The PropX system came out when fracking typically used dump trucks of sand and noisy fan systems to blow the fine sand into place on a fracking site.