University of Iowa awards 50-year utility lease to ENGIE and Meridiam

The University of Iowa's board awarded a consortium of French companies, jointly owned by ENGIE and Meridiam, a 50-year contract to operate its utility system in exchange for a $1.165 billion upfront payment. The decision was made on December 10, 2019.

“The Iowa Board of Regents selected a venture jointly owned by global energy company ENGIE and asset manager Meridiam for the school’s utility system lease.”apnews.com

• 2 sources
• apnews.comUniversity of Iowa picks French companies for utility lease | AP NewsRyan J. FoleyDec 10, 2019
• en.newsroom.engie.comENGIE and Meridiam awarded 50-year Utility Management Concession with the University of Iowa toward a zero-carbon transition - Newsroom EngieDec 18, 2019

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