ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK           48
ITEM 4. CONTROLS AND PROCEDURES                                              50
                      PART II. OTHER INFORMATION                             51
ITEM 1. LEGAL PROCEEDINGS                                                    51
ITEM 1A. RISK FACTORS                                                        51
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS          53
ITEM 6. EXHIBITS                                                             55
SIGNATURES                                                                   57




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              Cautionary Note Regarding Forward Looking Statements

This Quarterly Report on Form 10-Q (this "Report") contains forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond our control. These forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), can be identified by the use of forward-looking terminology including "may," "should," "likely," "will," "believe," "expect," "anticipate," "estimate," "continue," "plan," "intend," "project," or other similar words. All statements, other than statements of historical fact included in this Report, regarding strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans, objectives and beliefs of management are forward-looking statements. Forward-looking statements appear in a number of places in this Report and may include statements about expected impacts of COVID-19, business strategy and prospects for growth, customer acquisition costs, legal proceedings, ability to pay cash dividends, cash flow generation and liquidity, availability of terms of capital, competition and government regulation and general economic conditions. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurance that such expectations will prove correct. The forward-looking statements in this Report are subject to risks and uncertainties. Important factors that could cause actual results to materially differ from those projected in the forward-looking statements include, but are not limited to:



•         potential risks and uncertainties relating to the ultimate impact of
          COVID-19, including the geographic spread, the severity of the disease,
          the duration of the COVID-19 outbreak, actions that may be taken by
          governmental authorities to contain the COVID-19 outbreak or to treat
          its impact, and the potential negative impacts of COVID-19 on the
          global economy and financial markets;

• changes in commodity prices;

• the sufficiency of risk management and hedging policies and practices;




•         the impact of extreme and unpredictable weather conditions, including
          hurricanes and other natural disasters;


•         federal, state and local regulations, including the industry's ability
          to address or adapt to potentially restrictive new regulations that may
          be enacted by public utility commissions;

• our ability to borrow funds and access credit markets;

• restrictions in our debt agreements and collateral requirements;

• credit risk with respect to suppliers and customers;

• changes in costs to acquire customers as well as actual attrition rates;

• accuracy of billing systems;




•         our ability to successfully identify, complete, and efficiently
          integrate acquisitions into our operations;


•         significant changes in, or new changes by, the independent system
          operators ("ISOs") in the regions we operate;

• competition; and




•         the "Risk Factors" in our Annual Report Form 10-K for the year ended
          December 31, 2019, in "Item 1A- Risk Factors" of this Report, and in
          our other public filings and press releases.

You should review the risk factors and other factors noted throughout or incorporated by reference in this Report that could cause our actual results to differ materially from those contained in any forward-looking statement. All forward-looking statements speak only as of the date of this Report. Unless required by law, we disclaim any obligation to publicly update or revise these statements whether as a result of new information, future events or otherwise. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.




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