What the changes say
- Tax risk disclosure was updated to include potential impacts from changes in tax rates, tax laws, and deferred tax asset valuations.
What changed since the prior 10-K
Reworded
- 62% rewrittenFINANCIAL RISKS
Obligations for income taxes that may arise from examinations by taxing authorities
Expanded to include potential impacts on tax expense from changes in tax rates, tax laws, their interpretation, and deferred tax valuations.
All 18 risk factors
Headings as the filing states them, in filing order.
OPERATIONAL RISKS
- 01Risks associated with the operation of a natural gas distribution pipeline and LNG storage facility
- 02Security incident or cyber attacks on the Company’s computer or information technology systems
- 03Volatility in the price and availability of natural gas
- 04Inability to attract and retain professional and technical employees
- 05Availability of sufficient and reliable pipeline capacity
- 06Inability to complete necessary or desirable pipeline expansion or infrastructure improvement projects
- 07Increased dependence on technology may hinder the Company’s business operations and adversely affect its financial condition and results of operations if such technologies fail
- 08Geographic concentration of business activities
- 09Competition from other energy providers
REGULATORY RISKS
- 10Laws or regulations associated with ESG matters
- 11Regulatory actions or failure to obtain timely rate relief
- 12Increased compliance and pipeline safety requirements and fines
FINANCIAL RISKS
- 13Access to capital to maintain liquidity
- 14Failure to comply with debt covenant requirements
- 15Investment in Mountain Valley Pipeline, LLC
- 16Obligations for income taxes that may arise from examinations by taxing authorities62% rewritten
- 17The cost of providing post-retirement benefits
- 18Exposure to market risks
Other RGC Resources 10-Ks
- FY2024 10-K risk factors18 risks
Pipeline operations and infrastructure expansion dominate the risks.
Filed Dec 05, 2024
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.