Baylor University Recognized for Innovation in Energy Management.ARAMARK Helps Baylor Secure Ground-Breaking Energy Deal PHILADELPHIA -- ARAMARK Higher Education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. , a world leader in providing professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. to more than 600 colleges and universities in North America Universities in North America have an extensive history of being some of the leading educational institutions in the world. North American universities were originally modelled after universities in Europe but have developed different systems of their own. , recently helped Baylor University Baylor University, mainly at Waco, Tex.; coeducational; chartered and opened 1845 by Baptists (see Baylor, Robert E. B.) at Independence, moved 1886 and absorbed Waco Univ. (chartered 1861). The library has a noted Robert Browning collection. negotiate a complex, ground-breaking power deal which was awarded a 2007 Innovation Award from the National Association of College and University Business Officers (NACUBO NACUBO National Association of College and University Business Officers ) at their Annual Meeting yesterday in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded . The NACUBO Innovation Award, which honors the achievement of higher education institutions in business and financial administration areas, recognized Baylor in the Resource Enhancement category - recognizing institutions that have successfully reduced costs, increased revenues or improved productivity in response to a campus need. The industry-leading 10-year power deal, structured by ARAMARK, the University's facility and energy management provider, will save more than $2 million annually on electricity for the 735-acre campus, or $20 million over 10 years. Equally important, the deal also provides Baylor with a predictable cost structure to support its budget planning model. Additionally, through this new contract, Baylor is helping to finance the creation of environmentally friendly wind-generated electricity to be brought to the Texas power grid. "We're thrilled to be recognized by NACUBO as a pioneer in energy procurement in higher education," said Don Bagby, Director of Facilities Management, Baylor University. ARAMARK helped structure a team consisting of Amerex Energy Services, a leading energy consultant; energy provider Integrys Energy Services, and Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , a world-leading financial services company, to identify an energy plan that would be most beneficial to Baylor's proactive position on the future of energy consumption and their strategic transformation goals. "We are proud of our long-standing relationship with Baylor University and we're pleased that this energy deal has been recognized by NACUBO for its innovation and resource enhancement," said Chris Hackem, President, ARAMARK Higher Education. "We look forward to expanding this proven model to other clients in higher education." About ARAMARK Higher Education ARAMARK Higher Education is dedicated to excellence in dining, facility and conference center services. ARAMARK enhances the living and learning experience and environment for more than 600 colleges and universities throughout North America. For more information and a list of our services, visit www.aramarkhighered.com. About ARAMARK ARAMARK is a leader in professional services, providing award-winning food services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and , facilities management, and uniform and career apparel to health care institutions, universities and school districts, stadiums and arenas, and businesses around the world. In FORTUNE magazine's list of "America's Most Admired Companies A yearly publication by Fortune Magazine, America's Most Admired Companies consists of corporations that are highly esteemed by the likes of Business Executives, Directors, and Analysts. A survey is taken of close to 3300 professionals who give their opinions on the companies. ," ARAMARK has consistently ranked as one of the top three most admired companies in its industry as evaluated by peers and industry analysts since 1998. The company was also ranked first in its industry in the 2007 FORTUNE 500 survey. Headquartered in Philadelphia, ARAMARK has approximately 240,000 employees serving clients in 18 countries. Learn more at the company's Web site, www.aramark.com. |
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