I.O.U. Respect – Building A Culture of Peace
International Exchange Program
Summer 2007
Tunisia, Germany, Morocco, Tunisia, United States, Egypt, France
From July 28 – August 11, 2007, young people ages 2025 years old from Germany, Morocco,
Tunisia, Egypt, France, and the United States will gather at Hostelling InternationalRimel, the
Learning Center for Peace in the coastal town of Bizerte, Tunisia, for the third IOU Respect
international exchange program. Hostelling International is proud to deliver this meaningful
learning experience. Four participants (2 men and 2 women) will be selected by each Hostelling
International National Association based on their demonstrated motivation to support and live
the principles of intercultural education, respect, tolerance and understanding that are at the
foundation of educating for and promoting a culture of peace. The program is an intensive
experience of living, sharing and learning together in an effort to bridge cultural divides.
investor-owned utility (IOU), private utility, private power company
A utility owned by private investors, as opposed to one owned by a public trust or agency; a commercial, for-profit utility as opposed to a co-op or municipal utility. IOU is rarely used in the energy industry to refer to a promissory note, and utility by itself typically refers to a public utility.
While IOUs comprise only a small minority of the total number of utility companies in the US, they serve more than two-thirds of the US population. IOUs are usually subject to different regulations than publicly-owned utilities and co-ops, and they pay taxes as corporate citizens.
The term may become less common in the near future, as recent energy industry research suggests that a more appropriate term would be private power company.