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[ENERGY DELIVERY SOLUTIONS
May 3, 2018
Mr. Joe Sbranti
City Manager
City of Pittsburg
65 Civic Avenue
Pittsburg, CA 94565
Dear Mr. Sbranti,
am writing this letter on behalf of SteelRiver Operations LP ("SteelRiver”) and TransBay Funding (along with its
subsidiary Trans Bay Cable, “Trans Bay”) in support of the City’s opportunity to create a technology park at the
Delta View Golf Course (“Technology Park”).
SteelRiver is an independent manager dedicated to the infrastructure asset class in North America and currently
has $2.5 billion of fund and co-investment capital under management. These assets include nineteen investments
in five different subsectors of infrastructure. One of SteelRiver’s early investments was Trans Bay which was
successfully developed in partnership with the City in 2004 through 2010. Trans Bay owns and operates a 53 mile,
400 MW, HVDC electrical transmission line which originates in the City and delivers approximately 40 percent of
the peak electrical needs of San Francisco, Our partnership with the City on this $550 million investment was a
very successful Public Private Partnership which will provide high quality jobs and tax revenue to the City for
years to come.
SteelRiver and Trans Bay have discussed with the City the opportunity to engage in another Public Private
Partnership. In this case SteelRiver, in conjunction with Trans Bay would partner with the City to create a 100
acre Technology Park which could attract data centers to the City. Pittsburg is uniquely situated to host the future
needs of the internet given its proximity to over 7 million users along with its power and fiber infrastructure.
SteelRiver and Trans Bay have access to the necessary capital and technical expertise to develop with the City all of
the infrastructure required to successfully support the development of the Technology Park. Much like Trans Bay
itself, data centers would create high quality jobs and significant tax revenue for the City.
Cliff Losh
Vice-President
ENERGY DELIVERY SOLUTIONS LLC (a SteelRiver company)
Energy Delivery Solutions LLC
One Letterman Drive -C5-100 San Francisco CA 94129
T 415 291 2300-F 415 651 9500