The University of Iowa

The UI Energy Collaborative

In 2020, the University of Iowa 50-year public-private partnership with energy firms ENGIE and Meridiam. ENGIE and Meridiam will operate the University of Iowa’s utility system for 50 years in exchange for an up-front endowment paid by ENGIE and Meridiam that will be reinvested in the University of Iowa’s strategic mission. The 50-year partnership with ENGIE and Meridiam will help fund and support the University's strategic plan and core missions of teaching, research, and scholarship. Management of the UI Utility system transferred to ENGIE in March 2020.

The UI will place the upfront payment from ENGIE and Meridam of $1.165 billion into an endowment in order to acquire the additional funding for institutional priorities. After paying off $153 million in existing utility system bonds and $13 million in consulting fees, the endowment will have about $999 million. ENGIE and Meridiam will receive an annual fee of $35 million for providing the utility services for the length of the contract while realizing beneficial tax treatments related to the energy sector.

ENGIE and Meridiam are dedicated to pursuing the UI’s sustainability goals. As a part of the partnership agreement, the university has retained complete ownership and direction of the fuels program, while ENGIE supports the efforts to continue to move our operations completely off of coal.

 

P3 Resources

P3 FAQs

Have questions? Check out this list of frequently asked questions about the University of Iowa's public-private partnership with ENGIE and Meridiam.

Learn More

Board of Regents approves public-private partnership for UI utility system

Read the news release about the Board of Regent's approval of UI's public-private partnership with ENGIE and Meridiam.

Learn More

Learn More about the UI Utilities System

The UI utility system is a multi-facility utility operation that provides important resources to the University of Iowa campus. While under Facilities Management, the UI utility system developed innovative practices that will continue under the management of ENGIE and Meridiam. Use the resources below to learn more about the UI utility system and its programs below.

UI power plant photographed from a drone
UI Utility System

Learn more about the different facilities that make up the UI utility system: the main power plant, water plant, chilled water plant, and the Oakdale utility plant.

Learn More

 

Energy Control Center
The Energy Control Center

The Energy Control Center was developed by UI Utilities under Facilities Management for the monitoring, analysis, and forecasting of energy supply and consumption across campus. It is now managed under ENGIE and Meridiam as part of the P3 agreement.

Learn More

Oat hulls
UI Biomass Program

UI Utilities developed an innovative biomass program to reduce the university's dependence on coal. In partnership with ENGIE and Meridiam, this program will continue the UI's efforts to move operations completely off of coal.

Learn More