CenTrio and Tiger Energy Partners have signed a 30-year public-private partnership (P3) agreement to modernize utility systems at Louisiana State University’s main campus in Baton Rouge.
CenTrio will lead and finance the utility system modernization and operate and maintain LSU’s utility system for the next 30 years. CenTrio also will perform and fund additional capital improvements to the utility system, equipping LSU for future campus growth and addressing capital renewal and deferred maintenance.
“The utilities modernization initiative has been ongoing for a number of years, and we are pleased to have closed on the agreement with construction expected to begin on campus in June,” said Kimberly Lewis, executive vice president of finance and administration & chief administrative officer at LSU. “In addition to the projected annual cost savings of around $1.5 million in electricity, natural gas and maintenance, other benefits to LSU include budgeting pred
