2 Transition Risks. The electricity used in Fifth Third's facilities is generated from many generation sources in regulated and deregulated markets. If future legislation increases the cost of greenhouse gas emissions, the company could experience an increase in generation expenses from generators that use coal or natural gas. In 2017, Fifth Third signed a Power Purchase Agreement (PPA) to purchase as much power from a new solar project as the company uses in a year. While the primary reasons for this purchase were to demonstrate environmental leadership, a secondary beneft is that the company now has a long-term contract to buy carbon-free power. The project demonstrates our ability to lead on environmental sustainability while fnding ways to understand, control, and keep new risks within our risk appetite.