Just Energy Provides Expected Closing Date For Recapitalization Transaction, As It Receives FERC Approval
September 23, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
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FERC issued an order approving the application of Just Energy Group Inc. (Just Energy), Just Energy (U.S.) Corp. (JEUS), Hudson Energy Services, LLC (HES), Just Energy Illinois Corp. (JEIL), Just Energy New York Corp. (JENY), Just Energy Pennsylvania Corp. (JEP), Just Energy Texas I Corp. (JET), and Just Energy Solution Inc. (JES) (collectively Applicants) requesting authorization for funds (PIMCO Accounts) controlled by Pacific Investment Management Company LLC (PIMCO) to acquire outstanding interests of Just Energy as a result of issuances of equity pursuant to a recapitalization transaction (Recapitalization), or for an entity in which PIMCO Accounts and two other investors will acquire subsidiaries of Just Energy or their assets (Restructuring) (Proposed Transactions).