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Schef Wright From: Sent: To: Cc: Subject: Good evening, Bruce — Schef Wright Friday, January 23, 2015 6:21 PM 'bruce.may@hklaw.com'; dreingold@ircgov.com Floyd_Self@gshllp.com; WComent@covb.org; chesterc@chesterclem.com; cclem@chesterclem.com; ca.alvarez@embarqmail.com; Jay LaVia; Fred Bryant (Fred.Bryant@fmpa.com); Jody Finklea (Jody.Finklea@fmpa.com) RE: FMPA Meetings First, I apologize that I wasn't able to respond earlier in the day today, but it was "one of those days" - reminiscent of the old one-liner that when you're up to your belly -button in alligators, it's hard to remember that you came to drain the swamp!!! Anyway, regarding our commitments under the Interim Mediation Agreement and the letters that I sent yesterday, here is the situation. We take our commitments to you, the County, and Carlos most seriously, and with respect to our efforts to find a path forward toward closing a sale/purchase of the City's electric system to FPL, here is what I/we have done in fulfillment of those commitments. Before sending the letters, I discussed the prospects for that meeting with FMPA representatives, including the concept that the meeting would include FMPA as well as the City, FPL, and OUC (and the Town and County, subject to the other participants' consents). FMPA's indication — which I believe is reasonable under the circumstances — was and is that there is no value in FMPA being in such a meeting unless the 3 "principals" — i.e., the City, FPL, and OUC have reached some tentative agreement on a business model for the transaction to which FMPA could then respond. FMPA assured me that they would promptly make themselves available for such a meeting or meetings if there is something tangible and meaningful to talk about. In this light, then, I only requested the meeting to explore ways to effectuate the sale with OUC and FPL, at this time, with every intention of seeking a prompt meeting with FMPA if the 3 principals can come up with something to talk about. And Dylan is correct that the issue of how to possibly push the sale/purchase forward is ever-present in my mind, and that FMPA is aware of this, but frankly, since no one has been able to come up with any practicable idea for doing so, it is also true that when I talk with FMPA, we generally don't touch on it, other than to confirm that FMPA is ready, willing, and able to discuss and help if and when a practicable business model has been identified. I hope you have, and that everyone else also has, a great weekend! Feel free to call or email me any time, and I look forward to talking with you soon. All the best, Schef From: bruce.may@hklaw.com [mailto:bruce.may@hklaw.com] Sent: Friday, January 23, 2015 7:57 AM 1 227