Nola.com
Summary
The University of New Orleans could slash its electricity, water and natural gas use under a new, 25-year partnership with two companies.
Announced Wednesday, the deal essentially privatizes campus energy infrastructure and includes $27 million worth of projects bankrolled by Louisiana Energy Partners, a joint venture of Bernhard LLC and Johnson Controls Inc. Under the terms of the agreement, which the University of Louisiana System board of supervisors approved in October, Louisiana Energy Partners guarantees that UNO's savings in utility and operations expenses will cover the university's payments to the joint venture, about $5.5 million each year.
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