University of Iowa’s $1.165 Billion Energy Management Program

Jones Day the University of Iowa (UI) in connection with a concession for its energy and water systems, in a public-private partnership (P3) with a consortium of ENGIE and Meridiam.

The overall consideration for the transaction is approximately $1.165 billion. Under this agreement, ENGIE will operate, maintain, optimize, and improve the on-campus utility systems for the University. The scope includes providing heating, cooling, and electricity to the campuses through a dedicated network while also managing high quality and sanitary water and storm sewer services. One of the key features of this agreement is to help the University transition to coal-free energy production on campus by January 1,2025, if not sooner.

The Jones Day team was led by Brian Sedlak (Picture).

Involved fees earner: Brian Sedlak – Jones Day;

Law Firms: Jones Day;

Clients: University of Iowa (UI);

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Author: Ambrogio Visconti