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Risk Factors Update Summary
- The average temperatures in our service territories were 10% warmer than normal for fiscal 2024, compared to 8% for fiscal 2023. This change might result in reduced demand for our products.
- The SEC's rules on climate-related disclosures require reporting of Scope 1 and Scope 2 GHG emissions, which may incur significant compliance costs.
- California's new climate disclosure legislation mandates independent third-party attestation on Scope 1 and Scope 2 GHG emissions starting in 2027, impacting operational costs.
- The Inflation Reduction Act's tax incentives for RNG facilities are uncertain due to potential unfavorable federal legislative changes, affecting future profitability.
- The New York General Business Law now requires energy service companies to obtain customer consent before changing commodity prices, potentially impacting customer retention.
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.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1005210&owner=exclude
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