The Sempra Shareholder Group (the “Group”), which includes Elliott Associates, L.P. and Elliott International, L.P. (together, “Elliott”) and Bluescape Resources Company LLC (“Bluescape”), is collectively one of Sempra Energy’s (“Sempra”) largest investors. The Group was formed to address the challenges and opportunities facing Sempra, to seek a constructive dialogue with Sempra’s Board and management, and to find a mutually agreed-upon path forward to maximize overall reliability and service for customers, opportunities for employees, transparency and accountability for regulators, and value and certainty for shareholders. The Sempra Shareholder Group believes Sempra’s Board and management have a unique opportunity to create a more Sustainable Sempra.
About Elliott and Bluescape
Elliott is a multi-strategy investment firm founded in 1977 with more than $35 billion in assets under management today. Elliott has a strong track record of investing in the power, utility and energy sectors and working with companies to create long-term, fundamental stakeholder value. Bluescape is a private investment firm founded by John Wilder in 2007 focused on value-oriented investments in the upstream oil and gas, power and utility industries.
Together, Elliott and Bluescape have recently collaborated on two investments in the utility industry, NRG Energy and FirstEnergy Corp. Both investments allowed Elliott and Bluescape to form positive partnerships with the respective boards and management teams and resulted in more focused companies and compelling returns for shareholders.