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University of Iowa makes first distribution from blockbuster $1 165 billion utilities deal

Allocations come nearly one year after deal closed The Pentacrest on the campus of the University of Iowa including the Old Capitol Building (center), Macbride Hall (top left), Jessup Hall (bottom left), Schaeffer Hall (top right), and MacLean Hall (bottom right) in an aerial photograph in Iowa City on Wednesday, May 14, 2014. (The Gazette) University of Iowa President Bruce Harreld and Board of Regents President Mike Richards (far left) sign formal partnership documents with Romain Limouzin, senior investment director with Meridiam (far right), and Andre Cangucu, chief business development officer, of Engie North America, on Dec. 10, 2019. (Vanessa Miller/The Gazette) The university announced plans in 2019 to partner with Paris-based global energy provider Engie and infrastructure investment company Meridiam for 50 years of private operation of its utility system. Above, steam rises from the University of Iowa Power Plant in Iowa City. (Liz Martin/The Gazette)

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