Risk Factors Update Summary
- Addition of cyber attacks affecting distribution systems maintained by third parties, increasing operational risk.
- Mention of a 2023 borrowing base increase from $60 million to $85 million.
- Inclusion of a final rule to reduce methane emissions, impacting operations and costs.
- Introduction of NSPS Subpart OOOOb and OOOOc to reduce emissions, affecting operations.
- Potential 1% tax on stock repurchases exceeding $1 million, impacting financials.
- Discussion of potential tax law changes affecting effective tax rates and deductions.
- Inclusion of stricter environmental laws and regulations, increasing compliance costs.
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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