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Louisiana State University board settles $810M energy deal
Louisiana State University’s governing board has agreed to enter into an $810 million energy contract for outside companies to operate, maintain and improve the campus’ energy plants for three decades.
The deal had grown controversial amid fighting about which contractor should be elected, closed-door negotiating with companies and the lack of a public bid process.
The Advocate reports that the final agreement, adopted by the LSU Board of Supervisors, involves two contractors: Enwave Energy Corp. and a joint venture that includes Baton Rouge businessman Jim Bernhard and the national firm Johnson Controls Inc.
Louisiana State University’s governing board has agreed to enter into an $810 million energy contract for outside companies to operate, maintain and improve the campus’ energy plants for three decades.
The LSU Board of Supervisors approved an energy contract meant to modernize the University’s aging campus energy systems that heat, cool and power the campus during a special meeting of