NACUBO Names Baylor for Innovation Award
The National Association of College and University Business Officers (NACUBO) in Washington, DC awarded Baylor University (Waco, TX) a 2007 Innovation Award for resource enhancement for the school's for its efforts to cut its power costs.
With a 735-acre campus, Baylor is the largest Baptist university in the world, serving 14,000 students. The school worked a 10-year power agreement, structured by its energy management provider Aramark (Philadelphia, PA), that will save the university $2 million a year to power its extensive infrastructure.
Adding to the innovation is Baylor's assistance in financing the addition of more wind-generated power to Texas' power grid.
Assembling a team comprising energy consultants Amerex Energy Services (Sugar Land, TX), power provider Integrys Energy Services (De Pere, WI) and financial services firm Credit Suisse First Boston (now named Credit Suisse), Aramark led efforts to structure an energy plan in line with Baylor's stance on the future of energy consumption.
"We’re thrilled to be recognized by NACUBO as a pioneer in energy procurement in higher education," said Don Bagby, Baylor's director of Facilities Management, in a prepared statement.
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David Kopf is a freelance technology writer and marketing consultant, and can be reached at [email protected].