WEC Energy Group (WEC) risk factors: FY2025 10-K

1. Our business is significantly impacted by governmental legislation, regulation, and oversight.reworded
2. We face significant costs to comply with existing and future environmental laws and regulations.
3. Our operations, capital expenditures, and financial results may be affected by the impact of greenhouse gas legislation, regulation, and our emission reduction goal.reworded
4. Changes in tax legislation, IRS audits, or our inability to use certain tax benefits and carryforwards, may adversely affect our financial condition, results of operations, and cash flows, as well as our credit ratings.
5. Our electric utilities could be subject to higher costs and penalties as a result of mandatory reliability standards.
6. Provisions of the Wisconsin Utility Holding Company Act limit our ability to invest in non-utility businesses and could deter takeover attempts by a potential purchaser of our common stock that would be willing to pay a premium for our common stock.

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1. Public health crises, including epidemics and pandemics, could adversely affect our business functions, financial condition, liquidity, and results of operations.
2. Our operations are subject to risks arising from the reliability and safety of our electric generation, transmission, and distribution facilities, natural gas infrastructure facilities, natural gas storage fields, renewable energy facilities, and other facilities, as well as the reliability of third-party transmission providers.reworded
3. The operations of our natural gas utilities depend upon the availability of adequate interstate pipeline transportation capacity and natural gas.
4. Our operations are subject to various conditions that can result in fluctuations in energy sales to customers, including fluctuations in customer growth and general economic conditions in our service areas, varying weather conditions, and energy conservation efforts.reworded
5. Our operations are subject to the effects of global climate change.
6. Our operations and future results may be impacted by changing expectations and demands of our customers, regulators, investors, and other stakeholders.
7. Our operations and corporate strategy may be adversely affected by supply chain disruptions, inflation, and tariffs.rewordedTariffs
8. We are actively involved with multiple significant capital projects, which are subject to a number of risks and uncertainties that could adversely affect project costs and completion of construction projects.
9. We face risks related to providing service to our large-scale customers, including potential customers under our proposed VLC and Bespoke Resources Tariffs, which could impact our business, results of operations, and financial condition.newTariffs
10. Our operations are subject to risks beyond our control, including but not limited to, cybersecurity intrusions, terrorist or other physical attacks, acts of war, or unauthorized access to personally identifiable information.Cybersecurity
11. Adoption of AI technologies could adversely affect our business, reputation, or financial results.AI
12. Advances in technology, and legislation or regulations supporting such technology, could make our electric generating facilities less competitive and may impact the demand for natural gas.
13. We face risks related to our non-utility renewable energy facilities that could impact our return on investment or have a negative impact on our financial condition or results of operations.
14. We are a holding company and rely on the earnings of our subsidiaries to meet our financial obligations.
15. We may fail to attract and retain an appropriately qualified workforce.
16. Our counterparties may fail to meet their obligations, including obligations under power purchase, natural gas supply, natural gas pipeline capacity, and transportation agreements.

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1. Our business is dependent on our ability to successfully access credit and capital markets on competitive terms and rates.
2. A downgrade in our credit ratings could negatively affect our ability to access capital at reasonable costs and/or require the posting of collateral.
3. The fluctuation in demand for certain commodities and their respective prices could negatively impact our operations.
4. We may not be able to obtain an adequate supply of coal, which could limit our ability to operate our coal-fired facilities.
5. Our use of derivative contracts could result in financial losses.
6. Restructuring in the regulated energy industry and competition in the retail and wholesale markets could have a negative impact on our business and revenues.
7. Volatility in the securities markets, interest rates, changes in assumptions, market conditions, and other factors may impact the performance of our benefit plan holdings and other investment funds.Interest rates

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1. We have recorded goodwill and other long-lived assets, including intangible assets, which could become impaired.
2. We may be unable to obtain insurance on acceptable terms or at all, and the insurance coverage we do obtain may not provide protection against all significant losses.

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Headings in the FY2024 10-K with no match this year.

1. We generate and distribute electricity and transport, distribute, and store natural gas, which involves numerous risks that may result in accidents and other operating risks and costs.