Nashville wants to sell its downtown energy system to a private buyer for $60M

By District Energy posted 04-23-2019 00:00

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Yihyun Jeong, Nashville Tennessean

Summary

Metro is in final negotiations with Engie Development, LLC to sell its energy system for $60 million.
The city subsidized the system with about $2.2 million in fiscal year 2018.
Metro's DES heats and cools more than 40 buildings in downtown, including the Tennessee state Capitol.

Nashville wants to sell its energy system that heats and cools more than 40 buildings downtown — including the Tennessee state Capitol — for $60 million.

Metro's District Energy System uses electricity and natural gas to produce steam and chilled water that is distributed through 91,100 feet of underground pipes to its downtown customers.