IDEA Energy Presentation - University of Maryland, College
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Transcript IDEA Energy Presentation - University of Maryland, College
New Technology Improves
Efficiency of University’s
Energy Infrastructure
Frank Brewer
Associate Vice President for Facilities Management
University of Maryland
Smart & Sustainable Campuses Conference
November 3-4, 2005
Stamp Student Union
University of Maryland
University of Maryland Profile
Public Research
University
35,000 Students
160 Georgian Style
Buildings
13 Million Square Feet
Comprehensive
Underground Utility
Infrastructure
University of Maryland Profile
Central Heating Plant
Built in 1934
4 Gas/Oil Fired Boilers,
all over 30 years old
Converted From Coal in
Mid 70s
Normal Winter Load:
240,000 Pounds/Hour at
125 PSI
Provides Heating for all
Campus Buildings
University of Maryland Profile
Electric and Cooling Infrastructure
57 MVA of
Underground
Electrical Service
Distributed Over
30,000 Tons of
Cooling Load
Problem Statement:
Campus Facilities Master Plan (FMP) calls for adding
3.4M GSF between 1990-2005
FMP precipitates need to study utility infrastructure;
$52M in urgent renewal needs identified
No support for University System or State of
Maryland debt issuance
Operating budget must amortize debt, and
Off-balance sheet financing required
Key Issues:
Availability & Cost of capital funding
Impact of deal on UM balance sheet
Future utility consumption profiles
Anticipated impact of utility deregulation
Impact of new emissions in non-attainment area
Determine options for existing employees
Identify technical and legal consultants
Prepare performance-oriented RFP; evaluate responses
Manage interest of governing board, Governor and State
Agencies
Results Achieved:
New technology doubles efficiency of CHP
from 35% to nearly 70%
Energy consumption (BTU’s) reduced by 32%
NOx, Sox, PM10 emissions 50% – 95% below
thresholds established by EPA
$120M in projected savings over 20 year term
fund debt service
Low cost, tax exempt, off-balance sheet
financing achieved
$73M in utility system improvements completed
Energy Savings:
Trillions of BTU’s
Equivalent to Energy Consumed by 7,590 Homes
100
90
80
70
60
50
40
30
20
10
0
Before
After
Auxiliary
Boilers
How System Works:
Make Up
Water
2 Heat
Recovery
Steam
Generators
Exhaust
Heat
6250 F
Fuel
Gas or Oil
625 PSI
Steam
Back
Pressure
Steam
Turbine
Steam Driven
Chillers on
Campus
125 PSI
Steam
Electric
Power
5MW
Electric Power
2 Combustion Turbines
22 MW
and Generators
70% of Condensate Returns to CHP
Heating
Steam
Chilled
Water
Contractual Relationships:
UMCP
Ground
Lease
Design Construct Agreement
Management, Operations and
Maintenance Agreement
Ground Lease
Energy Services Agreement
Fuel Services Agreement
Transition Agreement
Fuel
Supply
Energy
Service
Transition
MOMA
MEDCO
Design Construct
Trigen
Energy
Financial Structure:
Ancillary Agreements
Fuel Purchasing Agreement
Transition Agreement
P&I
Payments
Bond Proceeds
Trustee
(Bank)
MOMA Payments
· Install New Assets
· Provide Utility Services
Ag
A
tio
n
O
M
tru
c
ns
&
Co
ds
r.
Construction Draws
M
Energy
Services Agreement
TRIGEN
n
e
Liquidated Damages
MEDCO
·
·
·
Lease Existing Assets
Issue Bonds
Own New Assets
si g
nc
ee
Liability
Insurance
s
o ce e d
n ce Pr
De
In
ra
su
c
Pro
Insura
Indenture
MEDCO Ground Lease
(Existing Assets)
Bondholders
Casualty
Insurance
Policies
Payments for
Energy Services
UMCP
Parent Guarantees of
Performace Trigen
and Cinergy