Louisiana will enter into a complex agreement that could lead to the widespread privatization of energy systems at state agencies and universities throughout the state, after lawmakers reviewed the deal for a final time Tuesday.Oh yeah. Well, thank goodness they got that wrapped up. Can't imagine a single thing that could go wrong with that, no sireee.
Gov. John Bel Edwards' administration struck the deal with LA Energy Partners, a joint venture between Johnson Controls Inc. and Bernhard Energy Solutions, one of several companies controlled by Baton Rouge businessman Jim Bernhard.
The company will lease chiller systems at the Shaw Center for the Arts, a state-owned building in downtown Baton Rouge, from the state for $3 million over 20 years. The state will then buy back the chilled water — used to cool the building — for $6 million. The firm will also make energy upgrades at 31 state buildings, including the State Capitol, Governor’s Mansion and state Supreme Court building, in exchange for $54 million.
Aside from the cash, LA Energy Partners will also make money selling the extra chilled water to other companies, who use it to cool their commercial buildings, in downtown Baton Rouge.
Thursday, August 15, 2019
Tying up the loose ends
Let's see here, John Bel has got Gayle Benson paid off before election time. Now who else is still out there?