The nonprofit Florida Municipal Power Agency has signed a nonbinding letter of intent to explore participating in the plasma arc gasification solid-waste plant being built in St. Lucie County on Florida’s east coast by Atlanta-based Geoplasma LLC.

St. Lucie County will be the conduit for issuing $250 million of tax-exempt bonds and $75 million of taxable bonds to provide a portion of the financing to build the $425 million Geoplasma plant.

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