20 unchanged sentences
Power represents one of our largest operating costs, so changes in the price and/or availability of market power could significantly impact the profitability and viability of our operations.
−Removed: With our market-based power supply agreements, we increased electrical power price risk for our operations, whether due to fluctuations in the price of power available on the MISO and Nord Pool power markets or the price of natural gas.
−Removed: Transmission line outages, problems with grid stability or limitations on energy import capability could increase power prices, disrupt production through pot instability or force a curtailment of all or part of the production at these facilities.
+Added: Given our market-based power supply agreements, we have electrical power price risk for our operations, whether due to fluctuations in the price of power (whether it be the cost of energy itself, generation capacity costs, or transmission costs) available on the MISO or Nord Pool power markets or the price of natural gas.
+Added: Transmission line outages, reduction in power production by power suppliers, problems with grid stability or limitations on energy import capability could also increase power prices, disrupt production through pot instability or force a curtailment of all or part of the production at these facilities.
In addition, indirect factors that lead to power cost increases, such as any increasing prices for natural gas or coal, fluctuations in or extremes in weather patterns or new or more stringent environmental regulations may severely impact our financial condition, results of operations and liquidity.
11 unchanged sentences
dollar as compared to the Icelandic krona ("ISK"), the Euro, the Chinese renminbi and other currencies.
−Removed: Grundartangi’s labor costs, part of its maintenance costs and other local services are denominated in ISK and a portion of its anode costs are denominated in Euros and Chinese renminbi.
+Added: Grundartangi’s labor costs, costs associated with the casthouse project, part of its maintenance costs and other local services are denominated in ISK and a portion of its anode costs are denominated in Euros and Chinese renminbi.
We also have deposits denominated in ISK in Icelandic banks and our estimated payments of Icelandic income taxes and any associated refunds are denominated in ISK.
11 unchanged sentences
Fair Values and Sensitivity Analysis
−Removed: The following tables present the fair value of our derivative asset and liabilities as of September 30, 2021 and the effect on the fair value of a hypothetical ten percent (10%) adverse change in the market prices in effect at September 30, 2021.
+Added: The following tables present the fair value of our derivative asset and liabilities as of March 31, 2022 and the effect on the fair value of a hypothetical ten percent (10%) adverse change in the market prices in effect at March 31, 2022.
Our risk management activities do not include any trading or speculative transactions.
2 unchanged sentences
$ 84.7 $ 72.4
−Removed: Foreign exchange contracts (2)
Total $ 84.7 $ 72.4
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.