Word: vautin
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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...
Harvard has had ongoing conversations with the plant’s owners about purchasing it since the deregulation law was passed, Vautin said. However he added that “serious discussions” have begun only recently...
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...
...concerned [about the Blackstone plant] because this is our only source of heat,” Vautin said...