Word: matep
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Harvard has signed an agreement opt sell its Medical Area Total Energy Plant (MATEP) at the Longwood Campus in Boston to Commonwealth Energy System, based in Cambridge, for $147 million...
...MATEP was completed at Harvard's expense in 1985 at a cost of $350 million--almost $150 million over budget, due to cost overruns and delays spurred by community protests...
Under the agreement, Commonwealth Energy System will continue to supply MATEP's current customers with "total energy" service...
Conceived during the oil crisis of the 1970s, construction of MATEP was proposed in 1977. Administration officials had hoped that, in the event of an energy crisis, a plant of Harvard's own would help the University hold down fuel costs. The plant did not become fully operational until...
Harvard had not planned to own the plant in the long run, but cost excesses forced the University to hold on to MATEP, according to Thomas E. Vautin, Harvard's associate vice president for facilities and environmental services...