From the DNT’s Saturday April 4th Front Page Story on the Steam Plan rip off.
Johnson Controls guaranteed to produce actual savings of $6.23 million in energy and operational costs over the 15-year term of the contract, according to the city’s attorney, Donald Erickson of Fryberger, Buchanan, Smith & Frederick. And if such savings aren’t reached, Johnson Controls is required to guarantee the difference.
Erickson said the city expects its savings will fall $3.75 million short based on the steam plant’s calculation of a $250,000 shortfall the first year multiplied by 15 years.
