NEP's ability to extend, renew or replace its existing PPAs, natural gas transportation agreements or other customer contracts depends on a number of factors beyond its control, including, but not limited to: •whether the PPA counterparty has a continued need for energy at the time of the agreement’s expiration, which could be affected by, among other things, the presence or absence of governmental incentives or mandates, prevailing market prices, and the availability of other energy sources; •the amount of commercial natural gas supply available to its pipelines' systems and changing natural gas supply flow patterns in North America; •the satisfactory performance of NEP's obligations under such PPAs, natural gas transportation agreements or other customer contracts; •the regulatory environment applicable to NEP's contract counterparties at the time; •macroeconomic factors present at the time, such as population, business trends, international trade laws, regulations, agreements, treaties or policies of the U.S. or other countries and related energy demand; and •the effects of regulation on the contracting practices of NEP's contract counterparties.