Risk Factors Update Summary
- Addition of "Threats" and "Attacks" to cybersecurity risks, with mention of "Various geo-political conflicts." This change might result in increased cybersecurity vulnerabilities.
- Introduction of "Risk" to offshore wind projects, emphasizing the importance of selling 50% interests in three projects. Failure to do so could materially affect financial position.
- Inclusion of risks related to regulatory, legislative, and compliance factors, highlighting challenges with state regulatory commissions and FERC. This could impact financial position and operations.
- Noting the potential impact of weather-induced disasters on operations and costs, including the risk of penalties or fines. This could affect financial position and cash flows.
- Increase in the carrying value of goodwill from $4.52 billion to $4.53 billion. This change could impact total capitalization and financial results.
- Mention of risks related to the loss of key personnel and its potential impact on financial position, results, and operations. This change highlights operational risks.
- Emphasis on the reliance on third-party suppliers and service providers, with potential risks related to substandard performance. This could negatively impact business operations and reputation.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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