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This report contains forward-looking statements. Although we believe that in making any such statement our expectations are based on reasonable assumptions, any such statement involves uncertainties and is subject to the following important factors, among others, that could cause our actual results to differ materially from those projected in such forward-looking statements: (i) prevailing governmental policies and regulatory actions, (ii) weather conditions and other natural phenomena, (iii) unanticipated population growth or decline and changes in market demand and demographic patterns, (iv) competition for retail and wholesale customers, (v) pricing and transportation of crude oil, natural gas, and other commodities, (vi) unanticipated changes in interest rates, commodity prices, rates of inflation, or foreign exchange rates, (vii) unanticipated changes in operating expenses and capital expenditures, (viii) commercial bank market and capital market conditions, (ix) competition for new energy development opportunities, (x) legal and administrative proceedings and settlements, (xi) inability of the various counterparties to meet their obligations with respect to financial instruments, (xii) changes in technology used and services offered by us, and (xiii) significant changes in our relationship with our employees and the potential adverse effects if labor disputes or grievances were to occur.
Any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for us to predict all such factors, nor can we assess the impact of each such factor or the extent to which any factor may cause results to differ materially from those contained in any forward-looking statement.
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