Just Energy Announces Expected Amounts To Be Received Under ERCOT Uplift Securitization, Based On ERCOT's Latest Calculation
December 9, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Just Energy Group Inc. ("Just Energy" or the "Company") announced an update of the expected recovery by Just Energy from the Electric Reliability Council of Texas, Inc. ("ERCOT") of certain costs incurred during the extreme weather event in Texas in February 2021 (the "Weather Event").
Under ERCOT's newly filed calculation, Just Energy said that the amount it expects to recover under the uplift securitization program is expected to be approximately USD $147.5 million.
Just Energy noted that, as previously reported, on December 7, 2021, ERCOT filed its calculation with the Public Utility Commission of Texas (the "PUCT") in accordance with the PUCT final order implementing Texas House Bill 4492 ("HB 4492").
Just Energy noted that ERCOT’s calculations are subject to a 15-day verification period and accordingly, remain subject to change.