Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On
Readers are cautioned that forward-looking statements should be read in conjunction with disclosures under the heading: "Forward-Looking Statements" located on page 2 of this Current Report on Form 8-K.
1 ALLETE Form 8-K datedSeptember 10, 2020
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Forward-Looking Statements
Statements in this report that are not statements of historical facts are considered "forward-looking" and, accordingly, involve risks and uncertainties that could cause actual results to differ materially from those discussed. Although such forward-looking statements have been made in good faith and are based on reasonable assumptions, there can be no assurance that the expected results will be achieved. Any statements that express, or involve discussions as to, future expectations, risks, beliefs, plans, objectives, assumptions, events, uncertainties, financial performance, or growth strategies (often, but not always, through the use of words or phrases such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "projects," "likely," "will continue," "could," "may," "potential," "target," "outlook" or words of similar meaning) are not statements of historical facts and may be forward-looking.
In connection with the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, we are providing this cautionary statement to
identify important factors that could cause our actual results to differ
materially from those indicated in forward-looking statements made by or on
behalf of
•our ability to successfully implement our strategic objectives; •global and domestic economic conditions affecting us or our customers; •changes in and compliance with laws and regulations; •changes in tax rates or policies or in rates of inflation; •the outcome of legal and administrative proceedings (whether civil or criminal) and settlements; •weather conditions, natural disasters and pandemic diseases, including the ongoing COVID-19 pandemic; •our ability to access capital markets, bank financing and other financing sources; •changes in interest rates and the performance of the financial markets; •project delays or changes in project costs; •changes in operating expenses and capital expenditures and our ability to raise revenues from our customers; •the impacts of commodity prices onALLETE and our customers; •our ability to attract and retain qualified, skilled and experienced personnel; •effects of emerging technology; •war, acts of terrorism and cybersecurity attacks; •our ability to manage expansion and integrate acquisitions; •population growth rates and demographic patterns; •wholesale power market conditions; •federal and state regulatory and legislative actions that impact regulated utility economics, including our allowed rates of return, capital structure, ability to secure financing, industry and rate structure, acquisition and disposal of assets and facilities, operation and construction of plant facilities and utility infrastructure, recovery of purchased power, capital investments and other expenses, including present or prospective environmental matters; •effects of competition, including competition for retail and wholesale customers; •effects of restructuring initiatives in the electric industry; •the impacts on our businesses of climate change and future regulation to restrict the emissions of GHG; •effects of increased deployment of distributed low-carbon electricity generation resources; •the impacts of laws and regulations related to renewable and distributed generation; •pricing, availability and transportation of fuel and other commodities and the ability to recover the costs of such commodities; •our current and potential industrial and municipal customers' ability to execute announced expansion plans; •real estate market conditions where our legacyFlorida real estate investment is located may not improve; and •the success of efforts to realize value from, invest in, and develop new opportunities. 2 ALLETE Form 8-K datedSeptember 10, 2020
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Forward-Looking Statements (Continued)
Additional disclosures regarding factors that could cause our results or
performance to differ from those anticipated by this report are discussed in
Part I, Item 1A. Risk Factors of
3 ALLETE Form 8-K datedSeptember 10, 2020
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