Close the acquisition of EnerBank USA from CMS Energy Corporation
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 8 Jun 2021
- Due
- 31 Dec 2021
- Delivered
- 1 Oct 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Regions' acquisition of EnerBank from CMS is expected to close in the fourth quarter of 2021, subject to regulatory approvals and satisfaction of customary closing conditions.”
What we found
Evidence strength A What the grades mean
The later 10-Q filings state that EnerBank USA was acquired October 1, 2021, before the fourth-quarter 2021 deadline.
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A Regions Financial Corporation 10-K filed 2022-02-24
“did not include the internal controls of EnerBank USA or Sabal Capital Partners LLC, which are included in the 2021 consolidated financial statements.” ✓ confirmed on the page
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A Regions Financial Corporation 10-Q filed 2022-05-06
“EnerBank - EnerBank USA, a consumer lending institution acquired October 1, 2021.” ✓ confirmed on the page
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A Regions Financial Corporation 10-Q filed 2022-08-05
“EnerBank - EnerBank USA, a consumer lending institution acquired October 1, 2021.” ✓ confirmed on the page
Market reaction: the shares moved -2.3% against the S&P 500 over the three sessions around the disclosure (5 May 2022 to 10 May 2022). What this measures
Checked 11 Oct 2026.
Commitment lineage
Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.
- Deadline drift -91 days
- 2 versions
-
Version 1 · original · stated 8 Jun 2021
Deadline 31 Dec 2021 (“in the fourth quarter of 2021”) · wording expected
-
Version 2 · stated 18 Aug 2021
Deadline 1 Oct 2021 (“10/1/21”)
“Expanding capabilities with bolt-on acquisitions: ... EnerBank USA (close set 10/1/21)”
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- EnerBank USA acquisition from CMS Energy
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- Medium
- Conditional
- Yes: subject to regulatory approvals; satisfaction of customary closing conditions
- Depends on
- Regulatory, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Gemini (Google), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-RF-007061 · Corrections policy