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Just Energy CEO: If ERCOT Sees The Volatility The Market Is Worried About Right Now, "Everybody's Book" At Risk If Not Hedged

Says Pricing Power Returning In ERCOT, As Competitors Pull Back Due To Expected Summer Volatility Will Be More Aggressive In Passing Through To Customers More Unhedgeable Capacity, Ancillary Costs

If ERCOT this summer sees the volatility that the market is worried about right now, "you're going to see everybody's book at risk if they're not hedged, naturally or through weather structures like us," Just Energy’s CEO Pat McCullough said during an earnings call

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Spark Energy To Pull Back From "Low Margin" Larger C&I Business

Spark Expects Opportunities For Small Tuck-In Acquisitions To Increase From Shake-Out From Winter Volatility, Says Getting Calls From Potential Sellers

As a result of the negative financial impact that extreme cold weather during the first quarter of 2018 had on the business (see story here) , Spark Energy said during an earnings call that it will pull back from the low margin larger C&I business, particularly in the Northeast and New England

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