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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...
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...
...University’s ownership of MATEP was controversial at the time, particularly because the University severely overspent the project’s budget in paying $350 million to build the plant. The University only received $147 million when it sold the plant to the corporate predecessor of NSTAR...
...time administrators questioned the appropriateness of the University owning an energy plant...