Section 2. - [Power to enter into agreements and contracts.]

JEA: (a) May join with any other electric utility located within or without the state or any group of such electric utilities, public or private, for the purpose of jointly financing, acquiring, building, constructing, erecting, extending, enlarging, leasing (as lessor or as lessee), improving, furnishing, equipping, owning and operating any project in accordance with the provisions of this act, and may contract with any such utility or group of electric utilities for any such purpose; (b) May contract for a period not exceeding 40 years for: (i) The purchase by take-or-pay contracts, or otherwise, of capacity or energy, or both, in any quantity from any project owned or operated directly or indirectly under lease, by any person, trust, or corporation, including contracts or other arrangements between or among the existing electric system of JEA and one or more separate systems of JEA for the allocation to said existing electric system and/or any one or more of such systems of the output, capacity, energy or services of projects of JEA, and for the allocation of JEA's costs related to such projects, on a take-or-pay basis or otherwise; or (ii) The sale of capacity or energy, or both, in any quantity from any project in which JEA has an ownership or lease-hold interest; (c) May contract for a period not exceeding forty (40) years for the purchase of fuel, fuel supply or source and fuel transportation facilities for use in the operation of the system. (d) May purchase, sell, lease, sublease, own, maintain and operate coal, oil, gas and other fuel reserves, together with any and all mines, wells, pipelines and other facilities, as well as facilities for transportation of such reserves, including, but not limited to, hopper cars and other rolling stock, both within and without the State of Florida, as are necessary to provide economical, long term and reliable fuel supply for projects to be accomplished under this act. (Laws of Fla., Ch. 80-513, § 2; Laws of Fla., Ch. 82-312, § 2; Laws of Fla., Ch. 99-459, § 2)