Ohio State sells out to Engie and Axium for 50 year lease? (dorms, high school)

[rerod]

Hey everyone..

This morning at our shop meeting, we were informed that "possibly" Engie may lease the university of Iowa's utility system. Or in other words, "your positions may be bought by Engie and you might work for Engie instead of the U of I.

This was a shock to all of us, half of us over the age of 50, that the U of I was so poor or unable to manage it's budget that they were going to sell us out..
I mean, we survived the housing crisis, but now after a nice bull run in the market suddenly the U of I is broke??

Anyway. I understand Ohio State sold out it's utilities to Engie for a billion for 50 years, and I was wondering how that has, or will impact the community and employees of Ohio States university Utility's?

[Clever nickname here]

Not having any idea about this i did some searching and the OSU deal was any employee not picked up by Engie will be reassigned elsewhere on campus at the same salary.

I don't think either University is in economic trouble but are taking immediate profits to invest in University projects over potential long term profits. The OSU press release stated salary increases would be one of the areas the money is raised is spent on.

[rerod]

One billion over 50 years is twenty million per year. One of the U of I's new 95 million dollar high rise dorms ate 5 years of that, in one bite.. If you think any of that measly 20M will end up in blue collar wallets your wrong.

Word from higher up is, high school graduates are at a all time low? The University wants to attract more out of state students and keep growing, instead of scaling back because of statistics. That would make to much sense.


Iv read a few reviews of Engie where they came in with a few workers who learned the operations, then the slow purge of the senior employees began. And just within the last year we wrote the instructions how to run our plant which never existed before. Just a little to coincidental for me..

I hope I'm wrong, but to me this all smells rotten.


I was hoping someone from Ohio state who knows might chime in.