GRU Annual Report

Budgeting & Rate Relief

Financial Strength

GRU maintains high ratings and stable outlooks from Fitch, Moody’s and Standard & Poor’s. GRU is poised to increase revenue with the execution of a new five-year power sales contract with the City of Alachua and reduce expenses through internal Continuous Improvement initiatives, a creative focus on asset management and a new joint dispatch arrangement with JEA.

Generating Value

GRU is working to mitigate the factors contributing to the utility’s high electric rates, including a comprehensive review of GRU’s purchase power agreement with GREC. Through the efficient dispatching of GRU’s own generation resources and the prudent purchase of outside power, GRU is beginning to enact rate relief measures.