Section 1. - [Authority authorized to own and operate separate bulk power supply utility.]

The JEA, City of Jacksonville, Duval County, Florida is hereby authorized to acquire, build, construct, erect, extend, enlarge, lease, improve, furnish, equip, own and operate as a separate bulk power supply utility or system, electric generating plants and transmission lines and interconnections and substations for the generation, transmission and exchanging of electric power and energy both within and without the boundaries of the consolidated City of Jacksonville and within and without the state (hereinafter called "system" or "project") for the purposes of providing wholesale or retail energy or power to customers within Duval County or counties adjacent thereto. Nothing herein shall prohibit the JEA from selling power and energy from a project to a joint participant in such project or to any electric utility located within or without the state pursuant to a coordination or interchange agreement with such utility or providing transmission service to, or entering into coordination or interchange agreements with, any electric utility located within or without the state. JEA may establish one or more such separate systems or projects. (Laws of Fla., Ch. 80-513, § 1; Laws of Fla., Ch. 82-312, § 1; Laws of Fla., Ch. 99-459, § 1)