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OU signs contract to save $38 million in energy costs

The Athens News September 30, 2012

On Thursday, Ohio University announced it has signed a guaranteed energy performance contract (EPC) with a subsidiary of a Chicago-based company, which is expected to save more than $38 million in water and energy costs for OU over a 15-year period.

The contracting firm, Constellation, was selected by competitive bid to provide energy efficiency and water conservation upgrades in 72 buildings on OU's Athens campus, according to a prepared release.

A business unit of the Chicago-based Exelon Corp., Constellation is a leading retail supplier of power, natural gas and energy products and services for homes and businesses across the continental United States, the release said.

Under the terms of the contract, the upgrades will require no upfront capital from the university. OU will use the guaranteed energy and operational savings from the conservation measures to pay for the approximately $28 million project through low-interest bonds from the Ohio Air Quality Development Authority.

By putting water and energy conservation measures in place, OU expects to save an estimated 9 million gallons of water and avoid the creation of more than 50,000 metric tons of carbon dioxide annually over the next 15 years.

The conservation measures to be installed by Constellation will include campus-wide interior lighting retrofits; air system and tower condition improvements; HVAC direct digital controls expansion, upgrade and integration; variable-frequency drive installation on up to four dozen fan motors; kitchen hood improvements; pipe and blanket insulation; retro-commissioning of various building equipment and water conservation measures.

Work is scheduled to be complete by the summer of 2014.

Exelon Corporation, Constellation's parent, is the nation's leading competitive energy provider, with approximately $33 billion in annual revenues.

Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada.