Trial postponed for former JEA CEO, CFO federally indicted on conspiracy and wire fraud charges

A judge set a new trial date for two former JEA executives facing federal conspiracy and wire fraud charges.

Ryan Wannemacher and Aaron Zahn were indicted last year.

>>> STREAM ACTION NEWS JAX LIVE <<<

The trial is now set for October; it was originally scheduled for May.

Zahn and Wannemacher could both face up to 25 years in federal prison for allegedly coming up with a plan to make millions in payouts if JEA, Jacksonville’s municipal electric and water utility company, were sold to a private buyer.

Both have pleaded not guilty.

RELATED: ‘Why do you think you’re innocent?’ Action News Jax confronts former JEA exec outside courthouse

[DOWNLOAD: Free Action News Jax app for alerts as news breaks]

[SIGN UP: Action News Jax Daily Headlines Newsletter]

Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.