Risk factors
NorthWestern Energy Group (NWE) risk factors
Item 1A of every NorthWestern Energy Group, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors48 risks27 new1 dropped4 reworded
The company added substantial risk disclosures related to its pending merger with Black Hills and energy transition challenges. Updates focus on changing EPA fossil fuel rules and natural gas system capacity constraints.
Filed Feb 12, 2026 - FY2024 10-K risk factors22 risks
Heavy exposure to federal and state energy, environmental, and climate regulations dominating operations. Significant reliance on capital markets, weather-dependent market purchases, and third-party suppliers. Operational risks span wildfires, infrastructure constraints, and workforce shortages.
Filed Feb 13, 2025