August 3, 2007 — ARAMARK Higher Education, a world leader in providing professional services to more than 600 colleges and universities in North America, recently helped Baylor University negotiate a complex, ground-breaking power deal which was awarded a 2007 Innovation Award from the National Association of College and University Business Officers (NACUBO) at their Annual Meeting recently in New Orleans.
The NACUBO Innovation Award, which honors the achievement of higher education institutions in business and financial administration areas, recognized Baylor in the Resource Enhancement category – recognizing institutions that have successfully reduced costs, increased revenues or improved productivity in response to a campus need.
The industry-leading 10-year power deal, structured by ARAMARK, the University’s facility and energy management provider, will save more than $2 million annually on electricity for the 735-acre campus, or $20 million over 10 years, says ARAMARK.
The deal also provides Baylor with a predictable cost structure to support its budget planning model.
ARAMARK helped structure a team consisting of Amerex Energy Services, a leading energy consultant; energy provider Integrys Energy Services, and Credit Suisse First Boston, a world-leading financial services company, to identify an energy plan that would be most beneficial to Baylor’s proactive position on the future of energy consumption and their strategic transformation goals.
For more information on ARAMARK Higher Education, see the Web site.
