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);