Electric System Annual Disclosure Report

The following document (the "Annual Disclosure Report") sets forth certain information concerning JEA (including, among other things, JEA's outstanding debt, its Electric System, its interest in the St. Johns River Power Park, its Scherer 4 Project and its audited financial statements for its fiscal years ended September 30, 2023 and 2022). The information contained in the Annual Disclosure Report speaks only as of the date thereof, and JEA assumes no duty to update any information contained in the Annual Disclosure Report. This Annual Disclosure Report relates solely to JEA's Electric Utility System. For information relating to JEA's Water and Sewer System and District Energy System see "ANNUAL DISCLOSURE REPORT FOR WATER AND SEWER SYSTEM AND DISTRICT ENERGY SYSTEM FOR FISCAL YEAR ENDED SEPTEMBER 30, 2023."

In accordance with the provisions of Rule 15c2-12, as amended ("Rule 15c2-12"), promulgated by the United States Securities and Exchange Commission (the "SEC") pursuant to the Securities Exchange Act of 1934, as amended, JEA filed on March 26, 2024 the Annual Disclosure Report for Electric Utility System dated as of March 26, 2024 with the Municipal Securities Rulemaking Board's Electronic Municipal Market Access ("EMMA") website (approved by the SEC pursuant to Rule 15c2-12 as of such date), in satisfaction of JEA's obligations under certain continuing disclosure undertakings made by JEA pursuant to Rule 15c2-12 with respect to certain issues of its bonds. Because of limitations inherent in the electronic transmission of documents, the appearance (but not the content) of the Annual Disclosure Report on this website may differ from the version thereof filed with EMMA.

In accordance with Rule 15c2-12, JEA may, from time to time, include by specific reference in the official statements or other offering documents relating to the issuance of its securities all or any portion of the information contained in the Annual Disclosure Report, to the extent specified in such official statements or other offering documents (and subject to any provision of any such official statement or other offering document modifying, supplementing or superseding any such incorporated portion). The Annual Disclosure Report is provided on this website for informational purposes only and must not be considered to be an offer to sell or the solicitation of an offer to buy any securities of JEA in any jurisdiction, which offer or solicitation may only be made by an official statement or other offering document.

By clicking on "Agree and Download" below, each viewer acknowledges that (a) JEA is not, by the Annual Disclosure Report, offering to sell any securities, nor soliciting an offer to buy any securities, (b) the Annual Disclosure Report will not be construed by the viewer as any description of JEA or its affairs at any time subsequent to the date of the Annual Disclosure Report nor will the viewer assume from the availability of the Annual Disclosure Report on this website that the affairs of JEA have not changed since the date of the Annual Disclosure Report and (c) because the information contained in the Annual Disclosure Report may be out of date or incomplete, the Annual Disclosure Report must not be relied upon in connection with any decision to purchase or sell any securities of JEA.