Guaranteed Energy Savings Contracts (GESC) offer public entities an innovative option for financing capital improvements that will return energy savings. Managing these contracts, however, can be a challenging administrative endeavor. This paper was prepared by Les Stewart as a requirement for a Masters Degree in Public Administration from the UNC School of Government. It reviews several GESCs that have been used in North Carolina. Successful management practices, as well as shortcomings in management and contract design, are highlighted to provide insight for future GESC design and management in North Carolina.

Download paper here: