The University of Iowa has chosen the same private Paris-based energy services company as Ohio State University to operate its $1 billion utility system for the next 50 years. In exchange, the university has landed a $1.165 billion upfront payment, which the campus plans to invest in an endowment that could fund strategic initiatives annually.That $1.165 billion also matches the value of a 2017 deal at the larger Ohio State, which helped pave the way for such arrangements by partnering with Engie — the global energy provider that soon will be operating the UI utility system as well.Iowa’s Board of Regents during a special meeting Tuesday morning in Urbandale is expected to approve the partnership — with Gov.