How JEA plans to turn it's Vogtle-related credit downgrade into a positive

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The credit rating downgrades stemming from JEA's much maligned agreement to purchase power from Plant Vogtle — a $30 billion nuclear money pit in Georgia — may have yielded a silver lining, according to board members Tuesday. Credit raters' decision to downgrade JEA's debt ratings in light of its uncapped, unrestricted agreement to help fund the nuclear plant's construction means that the utility is not required to hold as much cash in reserve. JEA's board unanimously voted Tuesday to use the...

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