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As of December 31, 2025, approximately 44% of our workforce was represented by unions, and we had 74 collective bargaining agreements in place with 14 different unions representing our unionized employees. These collective bargaining agreements, 26 of which are scheduled …

Item 1A, Risk Factors, 10-K Feb 18, 2026open_in_new

• recover our operational labor and labor-related expenses, including without limitation costs and expenses associated with our pension and other post-employment benefits;

Item 1A, Risk Factors, 10-K Feb 18, 2026open_in_new

… We have developed strategic workforce plans to identify key functions and proactively implement plans to ensure a ready and qualified workforce, but we cannot predict the impact of these plans on our ability to hire and retain key employees. Labor …

Item 1A, Risk Factors, 10-K Feb 17, 2026open_in_new

Transitional impacts related to climate change may have an adverse effect on our business and results of operations due to costs associated with new technologies, evolving customer expectations and changing workforce needs.

Item 1A, Risk Factors, 10-K Feb 17, 2026open_in_new

• Employee workforce factors including collective bargaining agreements and labor negotiations with union employees; and

Item 7, MD&A, 10-K Feb 23, 2026open_in_new

Failure to attract and retain key executive officers and an appropriately qualified workforce could have an adverse effect on the Companies’ operations. The Companies’ business strategy is dependent on their ability to recruit, retain and motivate employees. The Companies’ key …

Item 1A, Risk Factors, 10-K Feb 23, 2026open_in_new

A significant portion of the Evergy Companies' workforce is represented by five local unions of the IBEW and one local union of the UGSOA. The Evergy Companies currently have labor agreements that expire at varying times from 2026 through 2028. A failure to successfully negotiate these collective bargaining agreements could result in a labor disruption and have an adverse impact on the Evergy Companies' operations and results of operations.

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

• a $14.2 million increase in general and administrative labor and employee benefits expense, including higher medical claims;

Item 7, MD&A, 10-K Feb 19, 2026open_in_new

… Additionally, the Utility could experience workforce disruptions as a result of labor union activity or pandemics. If the Utility were to experience such a shortage or disruptions, work stoppages could occur.

Item 1A, Risk Factors, 10-K Feb 12, 2026open_in_new

The Utility may be unable to attract and retain specialty personnel and may face workforce disruptions.

Item 1A, Risk Factors, 10-K Feb 12, 2026open_in_new

… Events such as an aging workforce without appropriate replacements, the mismatch of skill sets to future needs, or the unavailability of contract resources may lead to operating challenges or increased costs. These operating challenges include lack of resources, loss of …

Item 1A, Risk Factors, 10-K Feb 20, 2026open_in_new

… Management and union leadership work together to reinforce the Target Zero culture. We set annual goals for safety results as well as measurable leading indicators, in order to raise awareness of at-risk behaviors and situations and guide injury-prevention …

Item 7, MD&A, 10-K Feb 20, 2026open_in_new

Additionally, the Uyghur Forced Labor Prevention Act (“UFLPA”) seeks to block the import of products made with forced labor in certain areas of China, at any point in the supply chain, and may lead to certain suppliers being blocked from …

Item 7, MD&A, 10-K Mar 2, 2026open_in_new

• changes in the availability of our generation facilities or distribution systems due to increases in scheduled and unscheduled plant outages, equipment failure, failure of transmission systems, labor disputes, disruptions in fuel supply, poor hydrologic and wind conditions, inability to comply …

Item 1A, Risk Factors, 10-K Mar 2, 2026open_in_new

Our performance could be negatively affected if we fail to attract and retain an appropriately qualified workforce.

Item 1A, Risk Factors, 10-K Feb 24, 2026open_in_new

We could be significantly affected by the outbreak of a pandemic. We have plans in place to respond to a pandemic. However, depending on the severity of a pandemic and the resulting impacts to workforce and other resource availability, the ability to operate our generating assets could be adversely affected.

Item 1A, Risk Factors, 10-K Feb 24, 2026open_in_new

… maintain workforce continuity plans, our workforce continuity plans may not be effective in avoiding work stoppages that may result from labor negotiations or mass resignations. Labor disruptions, strikes or significant negotiated wage and benefit increases, whether due to union activities …

Item 1A, Risk Factors, 10-K Feb 11, 2026open_in_new

• Failure to attract, retain or re-skill an appropriately qualified workforce, and maintain good labor relations, could adversely impact safety, service reliability, and customer satisfaction.

Item 1A, Risk Factors, 10-K Feb 11, 2026open_in_new

… the future availability and cost of contract labor may adversely affect the ability to manage and operate the business. If AEP is unable to successfully attract and retain an appropriately qualified workforce, operations may be negatively impacted and future net …

Item 1A, Risk Factors, 10-K Feb 12, 2026open_in_new

Failure to attract and retain an appropriately qualified workforce and management could harm results of operations. (Applies to all Registrants)

Item 1A, Risk Factors, 10-K Feb 12, 2026open_in_new

… and expertise to new employees, or future availability and cost of contract labor may adversely affect the ability to manage and operate the business, especially considering the workforce needs associated with new plant construction, nuclear generation facilities and new skills …

Item 1A, Risk Factors, 10-K Feb 26, 2026open_in_new

Failure to attract and retain an appropriately qualified workforce could unfavorably impact the Duke Energy Registrants’ results of operations.

Item 1A, Risk Factors, 10-K Feb 26, 2026open_in_new

… We have seen and anticipate a steady pace of retirements due to our aging workforce. The labor market for our employees is very competitive, increasing the likelihood that we may lose critical employees or have difficulty hiring qualified employees for …

Item 1A, Risk Factors, 10-K Feb 20, 2026open_in_new

… the inability to obtain necessary regulatory approvals and permits in a timely manner; adverse interpretation or enforcement of permit conditions; changes in applicable laws or regulations; changes in costs of materials, equipment, commodities, fuel or labor including due to inflation …

Item 1A, Risk Factors, 10-K Feb 20, 2026open_in_new

We are subject to the risk that our workforce and its knowledge base may become depleted in coming years.

Item 1A, Risk Factors, 10-K Feb 20, 2026open_in_new

… Increased costs of materials and labor may result from general inflation, increased regulatory requirements (especially in respect of environmental regulations), the need for higher-cost expertise in the workforce or other factors. In addition, pursuant to collective bargaining agreements, we …

Item 1A, Risk Factors, 10-K Feb 20, 2026open_in_new

At December 31, 2025, unions represent 45 percent of Consumers’ employees and 22 percent of NorthStar Clean Energy’s employees. Consumers’ union agreements expire in 2030 and the majority of NorthStar Clean Energy’s represented employees have an agreement that expires in 2029. If these employees were to engage in a strike, work stoppage, or other slowdown, CMS Energy or Consumers could experience a significant disruption in its operations and higher ongoing labor costs.

Item 1A, Risk Factors, 10-K Feb 10, 2026open_in_new

A work interruption or other union actions could adversely affect CMS Energy and Consumers.

Item 1A, Risk Factors, 10-K Feb 10, 2026open_in_new

• Human capital management challenges, including among other things, attracting and retaining appropriately trained and qualified employees, and labor disruptions by our unionized workforce;

Item 7, MD&A, 10-K Feb 18, 2026open_in_new

Additionally, a significant number of our physical workforce are represented by unions. We cannot provide assurances that the company will be completely free of labor disruptions such as work stoppages, work slowdowns, union organizing campaigns, strikes, lockouts or that any …

Item 1A, Risk Factors, 10-K Feb 18, 2026open_in_new

The Southern Company system must attract, train, and retain a workforce to meet current and future needs. Events such as an aging workforce without appropriate replacements, increased cost or reduced supply of labor, mismatch of skill sets to future needs …

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

The Subsidiary Registrants are subject to workforce factors that could affect operations.

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

Certain factors, such as employee strikes, work stoppages, loss of employees, loss of contract resources due to a major event, inability to negotiate future collective bargaining agreements on commercially reasonable terms, an aging workforce, mismatching of skill sets for current …

Item 1A, Risk Factors, 10-K Feb 12, 2026open_in_new

The Registrants' performance could be negatively affected if they fail to attract and retain an appropriately qualified workforce (All Registrants).

Item 1A, Risk Factors, 10-K Feb 12, 2026open_in_new

… We are subject to other employee workforce factors, such as the availability and retention of qualified personnel and the need to negotiate collective bargaining agreements with union employees. These or other employee workforce factors could negatively impact our business, financial …

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

We are subject to employee workforce factors that could adversely affect our business and financial condition.

Item 1A, Risk Factors, 10-K Feb 25, 2026open_in_new

… with different labor unions, which are negotiated on a company-by-company basis. At December 31, 2025, employees covered under collective bargaining agreements were 38%, 36% and 56%, respectively, of Sempra’s, SDG&E’s and SoCalGas’ workforce (exclusive of …

Item 1A, Risk Factors, 10-K Feb 26, 2026open_in_new

Field, technical and most clerical employees at SoCalGas are represented by the Utility Workers Union of America or the International Chemical Workers Union Council. The collective bargaining agreement for these employees covering wages, hours, working conditions, and medical and other …

Item 7, MD&A, 10-K Feb 26, 2026open_in_new

DTE Energy last changed the mortality assumptions as of December 31,2024 to reflect recent plan experience. The mortality assumptions used at December 31, 2025 are the PRI-2012 mortality table projected using Scale MP-2021, with generational projection. The base mortality tables vary by type of plan, employee's union status and employment status, with additional adjustments to reflect the actual experience and credibility of each population.

Item 7, MD&A, 10-K Feb 17, 2026open_in_new

A work interruption may adversely affect the Registrants. There are several bargaining units for DTE Energy's approximately 4,850 and DTE Electric's approximately 2,600 represented employees. The majority of represented employees are under contracts that expire in 2027. A union choosing to strike would have an impact on the Registrants' businesses. The Registrants are unable to predict the effect a work stoppage would have on their costs of operations and financial performance.

Item 1A, Risk Factors, 10-K Feb 17, 2026open_in_new

… In the event that the Company's union employees strike, participate in a work stoppage or slowdown or engage in other forms of labor strife or disruption, NRG would be responsible for procuring replacement labor or the Company could experience …

Item 1A, Risk Factors, 10-K Feb 24, 2026open_in_new

NRG's business, financial condition and results of operations could be adversely impacted by strikes or work stoppages by its unionized employees or inability to replace employees as they retire.

Item 1A, Risk Factors, 10-K Feb 24, 2026open_in_new

… In the event that our union employees strike, participate in a work stoppage or slowdown or engage in other forms of labor strife or disruption, we would be responsible for procuring replacement labor or we could experience reduced power generation …

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

We could be materially and adversely impacted by strikes or work stoppages by our unionized employees.

Item 1A, Risk Factors, 10-K Feb 27, 2026open_in_new

… supply chain disruptions and shortages of materials, equipment, labor and other resources that are critical to the Companies’ business operations, primarily the Utilities’ electric transmission and distribution operations. Such disruptions and shortages have resulted in increased prices and lead times …

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

… If the Companies are unable to successfully attract and retain an appropriately qualified workforce, their results of operations, financial position and cash flows could be negatively affected. See “Human Capital” in Item 1.

Item 1A, Risk Factors, 10-K Feb 19, 2026open_in_new

… of equipment and labor, escalating costs for materials, labor and regulatory compliance, inability to obtain, maintain or renew necessary licenses, rights-of-way, permits or other approvals on acceptable terms or on schedule, disputes involving contractors, labor organizations, land owners …

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

Employee strikes or work stoppages could disrupt operations and lead to a loss of revenue and customers. Personnel costs may also increase due to inflationary or competitive pressures on payroll and benefits costs and revised terms of collective bargaining agreements with union employees. These consequences could have a material adverse effect on NEE's and FPL's business, financial condition, results of operations and prospects.

Item 1A, Risk Factors, 10-K Feb 13, 2026open_in_new

The competition for talent has become increasingly intense. If we are unable to recruit and retain an appropriately qualified workforce, the Company could encounter operating challenges primarily due to a loss of institutional knowledge and expertise, errors due to inexperience, or the lengthy time period typically required to adequately train replacement personnel. In addition, higher costs could result from loss of productivity, increased safety compliance issues, or cost of contract labor.

Item 1A, Risk Factors, 10-K Nov 14, 2025open_in_new

Additionally, our ability to operate is contingent on maintaining a healthy workforce and a safe working environment. As a provider of essential services, we have an obligation to provide natural gas services to customers. Incidents that impact the health and availability of our workforce could threaten the continuity of our business operations.

Item 1A, Risk Factors, 10-K Nov 14, 2025open_in_new

Not mentioned in the latest 10-K.

Not mentioned in the latest 10-K.

Not mentioned in the latest 10-K.