Developer Selection

SCE states that it entered into the Agreement with VOA because of the economic benefits to SCE ratepayers. SCE chose VOA as its developer because of VOA's offer to lease the site, its financial strength and stability, and consistency with the plans of the Hawthorne Community Redevelopment Agency for development of the Hawthorn Gateway Center Project. The Hawthorne Center Gateway Project is a 44-acre development involving construction of retail, auto sales and service, and hotel facilities that includes the Site. VOA is a wholly-owned subsidiary of Volkswagen AG, the world's fourth largest automobile manufacturer.