Ohio State’s Endowment Gets $1 Billion With Campus Energy Deal

Ohio State University’s endowment will jump 25 percent in size with a $1 billion payment from two companies that will lease the school’s energy assets for 50 years.

The school’s board of trustees on Friday approved a public-private partnership with French company Engie SA and Montreal-based Axium Infrastructure Inc. to run and manage its energy and electricity systems in exchange for annual payments expected to exceed $54 million.