- 59 - The SJRPP agreement states in pertinent part: 5.9 Commitments on Behalf of Co-Owner. 5.9.1 Authority of Agents to Commit. JEA shall have the authority to act as agent on behalf of FPL (i) to the extent actions are authorized * * *[63] According to a final cost report, as of September 30, 1993, the final cost totaled $860,703,589.96 for Unit 1, $510,248,946.56 for Unit 2, and $60,227,555.61 for the coal terminal.64 Numerous third parties contracted to provide materials, services, and other aspects of the construction of the SJRPP. Excavation for the construction of the SJRPP commenced in December 1982, and the first concrete was poured in 1983. The parties submitted into evidence a summary of third-party 63 Mr. Reid explained his understanding of this provision as: [the] JEA is the leading manager of the construction operation and maintenance and long term ownership of the facility and because of their contracting requirements was the lead manager of the facility of the construction and operation of the facility. This section under the JOA states that [the] JEA, from * * * [FPL’s] perspective, [the] JEA will have the authority to act as agent on behalf of * * * [FPL] in all those * * * issues. Additionally, Mr. Reid testified that the JEA and FPL managed the SJRPP project by committee, with two representatives from each owner serving as representatives. 64 Mr. Reid testified that the cost of Unit 1 far exceeded the cost of Unit 2 because the common facilities had to be erected in time to support the first unit built.Page: Previous 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 Next
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