Ohio State energy deal to yield campus utility improvements

Ohio State University is about to begin its first round of major capital utility improvements since the university entered into a $1.1 billion energy privatization deal last year.

Ohio State Energy Partners has six utility projects ready to go, pending the university’s board of trustees’ approval later this week.

The university entered into the Comprehensive Energy Management partnership last spring. The 50-year deal earned OSU $1.1 billion upfront, plus a three-stage payment of $150 million to support academics. In return, Ohio State pays fees starting at around $55 million per year to Ohio State Energy Partners, a private company made up of the French energy company ENGIE and Canadian investment firm Axium Infrastructure.

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