The University of Iowa forms comprehensive energy management program worth approximately $1.165 billion
Clients University of Iowa
Jones Day advised the University of Iowa 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.
In March 2021, The University of Iowa’s energy management program was recognized by both Infrastructure Investor as the "Energy Deal of the Year" and P3 Awards as the “Best Utilities Project of the Year”.