Why Buy GREC 2017-04-20T13:11:57+00:00

The Gainesville City Commission authorized GRU General Manager Ed Bielarski to draft a new memorandum of understanding (MOU) offering to purchase GREC for $750 million during a joint meeting with the UAB on April 19. Check this page to track the progress of GRU’s purchase offer.

Message to Customers
Memorandum of Understanding
Frequently Asked Questions
Navigant Report

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.

Message to Customers
Memorandum of Understanding
Frequently Asked Questions
Navigant Report

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

$75,727,728 (annually)

How much GRU would pay if it buys GREC for $750 million

GRU BUYS GREC

$48,000,000 (annually)

GRU OWNS GREC: SAVINGS OF $27,727,728 (annually)

Why Buy GREC?
Timeline
GM talks GREC
Goldman Sachs Report
GREC Documents