Tag Archives: GREC

[NEWS] Gainesville, Florida City Commission Votes to Buy Biomass Facility for $750M

– August 24, 2017, WCJB

gainesville city wcjbGainesville City Commissioners have decided to pull the trigger and the people who own the controversial biomass plant are getting a powerball-sized payday.

The negotiation to buy a controversial bio mass plant has been in the works for several months with a price tag of 750 million dollars.

“Price is just one variable. The other part of the variable is interest rate and the other variable is the vehicle by which you use to get the financing,” said Edward Bielarski Jr. of Gainesville Regional Utilities.

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[NEWS] Gainesville, Biomass Company Rejects City’s Offer to Purchase Facility

– by Andrew Caplan, April 7, 2017, Gainesville Sun

GREC-woodpile-1After a lengthy debate over what the city of Gainesville should do with the biomass plant, commissioners voted 4-3 to listen to its Utility Advisory Board and lower its $750 million offer for the facility by $75 million.

In less than 12 hours from that decision, Gainesville Renewable Energy Center president Jim Gordon rejected the offer.

He was brief in his response to Gainesville Regional Utilities General Manager Ed Bielarski.

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[NEWS] Gainesville, FL Utility and Biomass Officials Agree on $750M Buyout

– by Andrew Caplan, March 22, 2017, Gainesville Sun

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Photo: wuft.org

After months of back-and-forth negotiations, Gainesville Regional Utilities and biomass plant officials have reached an agreement regarding the city’s acquisition of the Gainesville Renewable Energy Center.

A signed memorandum of understanding (MOU), which bears GRU General Manager Ed Bielarski and biomass plant President Jim Gordon’s signatures, shows the two sides have officially agreed on a $750 million price tag for the GREC facility, located at 11201 NW 13th St.

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[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.

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[NEWS] Trial Begins for Wood Supplier’s Lawsuit Against Gainesville Biomass

– by Ethan Magoc, May 2, 2016, WUFT

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Photo: Ethan Magoc / WUFT

Is Wood Resource Recovery a “mom and pop” tree clearing business victimized by Gainesville’s biomass plant operator?

Or did the Gainesville company simply bite off more than it could chew when it signed a 2010 contract with Gainesville Renewable Energy Center (GREC)?

Judge Monica J. Brasington on Monday heard opening arguments and testimony in a trial that will determine the $17.4 million answer to those conflicting questions. Brasington will decide in the non-jury trial whether or not Wood Resource Recovery is entitled to that amount in damages.

For background: Gainesville Regional Utilities in 2009 signed a 30-year power purchase agreement with American Renewables, a company that then built a $500 million plant that converts biomass to electricity for the public utility. To produce that electricity, GREC annually requires hundreds of thousands of tons of wood chopped into small pieces. Wood Resource Recovery gathered and supplied that processed wood for GREC in 2013 and 2014 as the plant began operating.

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