An Intersection of Privatization and Public Utility Regulation: The Ohio State University’s Energy Concession Agreement

15 Pages Posted: 13 Jun 2019

See all articles by Noah Dormady

Noah Dormady

John Glenn College of Public Affairs

Douglas N. Jones

affiliation not provided to SSRN

Brian E. Roe

Ohio State University (OSU) - Department of Agricultural, Environmental & Development Economics

Guy A. Rub

Ohio State University (OSU) - Michael E. Moritz College of Law

Date Written: May 28, 2019

Abstract

U.S. colleges and universities have for some time joined the privatization movement where university functions and assets are turned over to private contractors. Here we present a case of a 50-year comprehensive energy concession agreement by The Ohio State University that generated an up-front payment exceeding a billion dollars. The agreement, with many principles and design practices borrowed directly from economic regulation of public utilities and against the backdrop of the literature on privatization and contract theory, provides an insightful case that informs these literature, as well as future privatization efforts by universities and other large-scale public organizations.

Keywords: Privatization; Public Utility Regulation; Public-private Partnerships; Contracting Out; University Concessions

JEL Classification: G18; G38; L33; L43; L51

Suggested Citation

Dormady, Noah and Jones, Douglas N. and Roe, Brian E. and Rub, Guy A., An Intersection of Privatization and Public Utility Regulation: The Ohio State University’s Energy Concession Agreement (May 28, 2019). Utilities Policy, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3396629

Noah Dormady

John Glenn College of Public Affairs ( email )

110 Page Hall
1810 College Road
Columbus, OH 43210
United States

Douglas N. Jones

affiliation not provided to SSRN

No Address Available

Brian E. Roe

Ohio State University (OSU) - Department of Agricultural, Environmental & Development Economics ( email )

2120 Fyffe Rd
Columbus, OH 43210-1067
United States
614-688-5777 (Phone)

HOME PAGE: http://www-agecon.ag.ohio-state.edu/people/display.cfm?User_ID=roe30

Guy A. Rub (Contact Author)

Ohio State University (OSU) - Michael E. Moritz College of Law ( email )

55 West 12th Avenue
Columbus, OH 43210
United States

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