Electronic Records Filing System	Control#: 67147 5-BD-2025
2084 (07-22-03) Confidentiality Request Public Service Commission of Wisconsin P.O. Box 7854 Madison, WI 53707-7854 Wis. Admin. Code § PSC 2.12; Wis. Stats §§ 196.14.196.72 and 196.795 ** All fields are required except note ** SECTION 1: PSC CONTACT PSC Contact Person:  Jennifer Smith Number of Pages / Excel worksheets (Confidential Pages Only):  23 SECTION 2: REQUIRED INFORMATION 1. I am filing this request on behalf of:   Name / Company:  IBT Group USA, LLC   Phone(Optional): 305-358-5055   Address Line 1:  14261 Commerce Way   Address Line 2(Optional):  Suite 101   City: Miami Lakes       State: FL       Zip:  33016 2. Name and Position of the requester is   Keyvan Sangelaji, Managing Director 3. The following is an accurate and complete summary of the content of the record(s) being filed:   IBT Group USA Audited FS 4. There is a reasonable basis to conclude that the record, or portion of a record, is one of the following:   The record contains trade secrets as defined in Wis. Stat. §134.90. The record contains information which would aid a competitor of a public utility in competition with the public utility making the request under Wis. Stat. §196.14. The record is an accident report under Wis. Stat. §196.72. The record is protected business information under Wis. Stat. §196.795(9). The record may otherwise be exempt from disclosure under the Public Records Law, Wis. Stat. §§19.31 to 19.39. 5. How the record satisfies number 4   1. Trade Secrets - Wis. Stat. § 134.90: The financial statements contain sensitive business information that qualifies as a trade secret under Wis. Stat. § 134.90. These records include proprietary financial data, strategic business insights, and operational details that are not publicly available and provide IBT with a competitive advantage. Disclosure of this information could result in competitive harm by revealing IBT’s internal financial structure, cost breakdowns, and revenue streams, all of which are fundamental to its market strategy. 2. Protected Business Information - Wis. Stat. § 196.795(9): The financial statements also qualify as protected business information under Wis. Stat. § 196.795(9), as they contain commercially sensitive details that are integral to the operations and business strategies of IBT. The disclosure of such information would provide competitors with insights into IBT's financial capabilities and business plans, undermining its competitive position in the market. Therefore, this material is protected to prevent unfair advantage by competitors and to preserve the integrity of IBT’s business operations. This justification aligns with the intent of Wisconsin statutes to protect sensitive business information and trade secrets from public disclosure.
SECTION 3: AFFIANT AND NOTARY OFFICER
Name of Affiant:  Keyvan Sangelaji State of  Florida County of  Miami-Dade Subscribed and sworn to before me on  10/01/2024 Name of Notary Officer:  Maria G Esparza Expiration Date:  03/20/2026
SECTION 4: UPLOADED FILE Docket ID:  5-BD-2025 Document Name:  1 IBT Group USA Audited FS.pdf Document Type:  Data Request / Response Description:  Application: 888 - IBT Group USA LLC - IBT BEAD LOI - IBT Group USA Audited FS Received Date:  10/1/2024 6:58:00 PM
SECTION 5: PSC USE ONLY ***Confidentiality Determination:   Granted If Request is Granted or Partial: There is a reasonable basis to conclude that the records, or portion of a record, is one of the following   The record contains trade secrets as defined in Wis. Stat. §134.90.   The record contains information which would aid a competitor of a public utility in competition with the public utility making the request under Wis. Stat. §196.14.   The record is an accident report under Wis. Stat. §196.72.   The record is protected business information under Wis. Stat. §196.795(9).   The record may otherwise be exempt from disclosure under the Public Records Law, Wis. Stat. §§19.31 to 19.39. Name as Signature: Sawyer Boldt Date: 10/22/2024 9:03:00 AM