▸ A prolonged environment of low prices or reduced demand for RNG could have an adverse effect on our long-term business prospects, financial condition and results of renewable operations.· · · ● ● ● 3 ▸ Certain of our anaerobic digester facilities are newly constructed, are under construction or renovation, or are in development and may not perform as we expect.· · · ● ● ● 3 ▸ Our plans for growth and diversification may not be successful or could expose our business to new risks.· · · ● ● ● 3 ▸ The potential effects of climate change may affect our business, operations, supply chain and customers, which could adversely impact our financial condition and results of operations.· · · ● ● ● 3 ▸ We rely on gas pipelines that we do not own or control and are subject to quality standards and regulations that may restrict or negatively impact our ability to deliver RNG and we may either incur additional costs or forego revenues.· · · ● ● ● 3 rw ▸ The conflicts in Ukraine and in the Middle East and related price volatility and geopolitical instability could negatively impact our business.· · ● ● ● ● 4 rw ▸ We are dependent on our senior management and other key personnel.· ● ● ● ● ● 5 ▸ We may not be able to attract and retain qualified employees or find, develop and retain key employees to support and grow our business, which may adversely affect our business and results of operations.· ● ● ● ● ● 5 ▸ The generation and monetization of environmental attributes by our renewable natural gas assets are subject to state and federal regulations that could negatively impact the availability or value of environmental attributes in the future.· · · ● · · 1 ▸ September 2020, the NY PSC issued another Order reaffirming the Second Reset Order, including the exemption that allows AES to maintain its existing business model in New York while rulemaking proceedings continue.· · ● · · · 1 ▸ The COVID-19 pandemic has adversely impacted our business, as well as the operations of our customers and suppliers and may continue to impact us in the future.· ● ● · · · 2 ▸ Because of the highly competitive nature of the retail propane and fuel oil businesses, we may not be able to retain existing customers or acquire new customers, which could have an adverse impact on our operating results and financial condition.● · · · · · 1 ▸ The risk of terrorism, political unrest and the current hostilities in the Middle East or other energy producing regions may adversely affect the economy and the price and availability of propane, fuel oil and other refined fuels and natural gas.● ● · · · · 2 ▸ A Unitholder’s tax liability could exceed cash distributions on its Common Units.● ● ● ● ● ● 6 ▸ A successful IRS contest of the U.S. federal income tax positions we take may adversely affect the market for our Common Units, and the cost of any IRS contest will reduce our cash available for distribution to our Unitholders.● ● ● ● ● ● 6 ▸ Because weather conditions may adversely affect demand for our products, our results of operations and financial condition are vulnerable to warm winters and natural disasters.● ● ● ● ● ● 6 rw ▸ Cash distributions are not guaranteed and may fluctuate with our performance and other external factors.● ● ● ● ● ● 6 ▸ Costs associated with lawsuits, investigations or increases in legal reserves that we establish based on our assessment of contingent liabilities could adversely affect our operating results to the extent not covered by insurance.● ● ● ● ● ● 6 ▸ Current conditions in the global capital and credit markets, and general economic pressures, may adversely affect our financial position and results of operations.● ● ● ● ● ● 6 ▸ Deterioration of general economic and other external conditions have harmed and could continue to harm our business and results of operations.● ● ● ● ● ● 6 rw ▸ Disruption of our supply chain could have an adverse impact on our business and our operating results.● ● ● ● ● ● 6 ▸ Energy efficiency, general economic conditions, technological advances and legislative bans have affected and may continue to affect demand for propane, fuel oil and natural gas by our retail customers.● ● ● ● ● ● 6 rw ▸ High prices for propane, fuel oil and other refined fuels and natural gas can lead to customer conservation, resulting in reduced demand for our products.● ● ● ● ● ● 6 rw ▸ If we are unable to make acquisitions on economically acceptable terms or effectively integrate such acquisitions into our operations, our financial performance may be adversely affected.● ● ● ● ● ● 6 ▸ It may be difficult for a third party to acquire us, even if doing so would be beneficial to our Unitholders.● ● ● ● ● ● 6 ▸ Our financial condition and results of operations may be adversely affected by governmental regulation and associated environmental and health and safety costs.● ● ● ● ● ● 6 ▸ Our limited partner interest and Unitholders’ percentage of ownership may be diluted in the future and additional taxable income may be allocated to each Unitholder.● ● ● ● ● ● 6 ▸ Our operating results and ability to generate sufficient cash flow to pay principal and interest on our indebtedness, and to pay distributions to Unitholders, may be affected by our ability to continue to control expenses.● ● ● ● ● ● 6 ▸ Our use of derivative contracts involves credit and regulatory risk and may expose us to financial loss.● ● ● ● ● ● 6 ▸ Ownership of Common Units may have adverse tax consequences for tax-exempt organizations (including Individual Retirement Accounts) and non-U.S. investors.● ● ● ● ● ● 6 rw ▸ group RISKS RELATED TO OUR BUSINESS● ● ● ● ● ● 6 ▸ group RISKS RELATED TO OUR COMMON UNITS● ● ● ● ● ● 6 ▸ group RISKS RELATED TO OUR INDEBTEDNESS AND ACCESS TO CAPITAL● ● ● ● ● ● 6 ▸ Reporting of partnership tax information is complicated and subject to audits.● ● ● ● ● ● 6 ▸ group TAX RISKS TO OUR UNITHOLDERS● ● ● ● ● ● 6 ▸ The ability of AES to acquire and retain retail natural gas and electricity customers is highly competitive, price sensitive and may be impacted by changes in state regulations.● ● ● ● ● ● 6 ▸ The ability of a Unitholder to deduct its share of our losses may be limited.● ● ● ● ● ● 6 ▸ The adoption of climate change legislation could negatively impact our operations and result in increased operating costs and reduced demand for the products and services we provide.● ● ● ● ● ● 6 ▸ The tax gain or loss on the disposition of Common Units could be different than expected.● ● ● ● ● ● 6 ▸ The tax treatment of publicly traded partnerships or an investment in our Common Units could be subject to potential legislative, judicial or administrative changes and differing interpretations thereof, possibly on a retroactive basis.● ● ● ● ● ● 6 ▸ There are state, local and other tax considerations for our Unitholders.● ● ● ● ● ● 6 ▸ Unitholders have limited voting rights.● ● ● ● ● ● 6 ▸ Unitholders may have liability to repay distributions.● ● ● ● ● ● 6 ▸ Unitholders may have negative tax consequences if we default on our debt or sell assets.● ● ● ● ● ● 6 ▸ Unitholders may not have limited liability in some circumstances.● ● ● ● ● ● 6 ▸ We face risks related to cybersecurity breaches of our systems and information technology and those of our third-party vendors.● ● ● ● ● ● 6 rw ▸ We face risks related to our current and future debt obligations that may limit our ability to make distributions to Unitholders, as well as our financial flexibility.● ● ● ● ● ● 6 ▸ We face risks related to our reliance on particular management information systems and communication networks to effectively manage all aspects of our business.● ● ● ● ● ● 6 rw 
