OFFICE OF THE CITY ATTORNEY SAN FRANCISCO OFFICE OF THE MAYOR SAN FRANCISCO LONDON N. BREED DENNISJ. HERRERA MAYOR CITY ATTORNEY March 14, 2019 VIA ELECTRONIC MAIL AND USPS John R. Simon Interim Chief Executive Of?cer Corporation 77 Beale Street, P.O. Box 770000 San Francisco, CA 94177 Jason P. Wells Senior Vice-President and Chief Financial Of?cer Corporation 77 Beale Street, PO. Box 770000 San Francisco, CA 94177 Dear Mr. Simon and Mr. Wells, The City and County of San Francisco (the ?City?) has initiated work to evaluate the cost and feasibility of acquiring electric distribution facilities that serve San Francisco. While you have probably heard public reports about this effort, we write you directly to underscore the seriousness of our purpose and facilitate lines of communication going forward. The analysis the City is undertaking will enable us to make an initial determination whether such an acquisition is feasible, including whether it would bene?t City taxpayers and electric customers, produce a fair price to for these assets, and advantage employees and its ratepayers outside of San Francisco. We will work with the City?s Board of Supervisors and Public Utilities Commission to evaluate these factors. If we determine the acquisition is feasible, we intend for the City to make a formal offer to within the coming months as part of the bankruptcy process. Please contact us if you would like to discuss this matter. 33%) London N. Breed, Mayor Dennis?errerarCrity Attorney cc: Janet C. Loduca, Senior Vice-President and Interim General Counsel, Corporation Members, Board of Supervisors Members, Public Utilities Commission Harlan Kelly, General Manager, Public Utilities Commission 1 DR. CARLTON B. PLACE, ROOM 200 SAN FRANCISCO, CALFORNIA 94102-4681 TELEPHONE: (415)554-6141