Mayor Lauren Poe executed GRU’s asset purchase agreement (APA) with GREC around 2:30 p.m. on Sept. 12, making it an effective and binding agreement. GRU must now finalize its financing plan before an anticipated closing in late October or early November. View the agreement here.
GRU is dedicated to open and transparent communication with its customers. We created this page to make sure the public has easy access to information related to the purchase of GREC. We will continue to update the page with new information as it becomes available.
By the Numbers
Want more numbers? See our Utility Financing 101 primer.
How much GRU pays GREC each year just for the right to purchase power
GRU PAYS GREC
How much GRU would pay if it buys GREC for $750 million
GRU BUYS GREC
GRU OWNS GREC: SAVINGS OF $27,727,728 (annually)