[NEWS] Utility Offers $750M to Buy Gainesville, FL Biomass Facility

– by Andrew Caplan, February 24, 2017, Gainesville Sun

GREC-woodpile-1

Photo: wuft.org

Gainesville Regional Utilities officials confirmed Friday that they’ve sent a proposal to the biomass plant’s president, Jim Gordon, offering $750 million to buy the plant outright.

GRU General Manager Ed Bielarski sent The Sun a copy of the proposed memorandum of understanding (MOU) and said biomass plant officials haven’t agreed to the deal, nor has it been discussed publicly.

A majority of city commissioners said they spoke to Bielarski about the proposal, but some didn’t feel comfortable speaking to The Sun about the specifics of the offer.

READ MORE at Gainesville Sun

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