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:�...,_,..,�,�...,...,.:,...,..a.4 .,,..�W..,..,,, _ .............._.,. .,.....,,y.,._. �,.a ,,,,, e.,,�.........,,,. ,, ww�o.�-..»..nom <br /> PMU Exits the Security <br /> Systems Business <br /> On August 22, 2016, the ERMU Commission approved through <br /> resolution the sale of the ERMU security systems sales and installation <br /> department. The sale transferred all of the existing security accounts <br /> and inventory to WH Security. As ERMU had partnered with WH <br /> for many years for security system monitoring services, this made fore '' <br /> seamless transition. <br /> This decision was made after significant consideration following months <br /> tsf <br /> of evaluation of the security alarm system business line. The ERMU <br /> security alarm saLes and installation department operated as a subsidiary <br /> of the ERMU electric utility. The driving force for ERMU to provide .,, ._. <br /> security alarm system saLes and installation originated from a need <br /> for having security systems at ERMU facilities. This service was then <br /> extended to our electric customers and beyond. <br /> Many factors contributed to the final decision. Ultimately, with the rapid <br /> rf� <br /> change in security technology and growing need for electric utility grid % f <br /> physical and cyber security, ERMU's facility security needs had evolved <br /> beyond the services provided through the subsidiary. This change in <br /> internal needs created a misalignment in providing exceptionaL security ,,,. , <br /> alarm system sales and installation services with the ERMU mission 'to ;ft <br /> • <br /> provide our customers with safe, reliable, cost effective and quality long <br /> term electric and water utility services." This misalignment in mission <br /> along with the fiduciary responsibility to the electric customers were the <br /> primary criteria in the decision to sell. <br /> Page 8 <br />