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UConn seeks authority to sign 30-year energy-savings contracts to meet carbon-neutral goals
Summary
University of Connecticut witnesses told the committee HB 6444 would let constituent units enter energy savings performance contracts directly and extend contract terms from 20 to 30 years so larger, long-life infrastructure projects could be financed and delivered without upfront capital outlay.
University of Connecticut witnesses told the Higher Education and Employment Advancement Committee that House Bill 6444 would allow constituent units of the state system to solicit and enter energy-savings performance contracts (ESPCs) and extend allowable contract terms from 20 to 30 years.
A UConn representative described prior ESPC work that saved the institution about $1,500,000 annually since a 2017 project and said longer contract terms would enable deeper infrastructure projects—replacing aged…
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