Word: steams
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While Harvard is still investigating the plant’s equipment, Vautin said that he believed that the steam production equipment in the plant was in adequate condition and would not require any major expenditure upon acquisition...
Neither Harvard nor NSTAR officials could provide the value of the plant or the asking price. Vautin said that the University currently pays approximately $9 million per year purchasing steam from the plant...
While Harvard’s past contracts with NSTAR for steam give the University a right to buy the plant before it is offered to other companies, Vautin said the potential exists if Harvard cannot come to agreement with NSTAR that the plant could be sold to another party...
This would not be the first time the University has become directly involved in the steam generation business. The University operated the Medical Area Total Energy Plant (MATEP) from 1985 to 1998, which supplied steam, along with electricity and chilled water, to the buildings on Harvard’s Longwood campus and to the surrounding hospital complexes...
...very big difference between this [Blackstone] facility and the MATEP plant,” Vautin said. He noted that the Blackstone plant almost solely serves the University and not a multitude of customers, like MATEP. He also noted that most institutions the size of Harvard own their own steam plants...