December 28, 2020
New Woman-Led Texas Retail Provider Formed, Led By Market Vet
Start-up True Commodities, LLC has applied for an Option 1 Texas retail electric provider certificate
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December 15, 2020
Another Retail Supplier Seeks Authority To Conduct In-Person Sales At Retail Stores
AG Says Commission Can't Rule On Prior Motions For In-Person Marketing Resumption, As AG Says Such Motions Were Already Disposed Of When ICC Declined To Rescind Its Emergency Prohibition Order
December 9, 2020
Former Retail Supplier President Joins Community Solar Provider As SVP
Mike Beck has joined Ampion as SVP, Subscriber Acquisition
November 11, 2020
Just Energy Reports Lower Customer Count, Higher Adjusted Earnings
Just Energy Group Inc. reported earnings for the quarter ending September 30, 2020 (second quarter of fiscal 2021). All $ amounts in this story are Canadian $
October 13, 2020
Retail Suppliers Say Proposed Requirement That Would Pay Bundled Products Last Under Supplier Consolidated Billing Would "Punish" Suppliers, Jeopardize Success Of SCB
Retail suppliers opposed several measures relating to the treatment of bundled products in draft Maryland rules for supplier consolidated billing (SCB), warning that such rules would jeopardize the success of the SCB program
September 28, 2020
Just Energy Names New COO, CFO, & New Chief Commercial Officer
Just Energy Group Inc. announced changes to its senior management team
September 23, 2020
Just Energy Provides Expected Closing Date For Recapitalization Transaction, As It Receives FERC Approval
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…
September 17, 2020
Just Energy Announces Update for Closing of Plan of Arrangement
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced that it is only awaiting the approval of the Federal Energy Regulatory Commission ('FERC') to be able to close the Company’s previously announced plan of arrangement (the 'Plan of Arrangement').
September 3, 2020
Just Energy Receives Final Court Approval to Proceed with Recapitalization and Announces Subscription Offering Participation
Announces Litigation Settlement Related To Prior Acquisition
Just Energy Group Inc. ("Just Energy" or the "Company") announced that it has received the final court approval required to close the Company’s recapitalization plan (the "Recapitalization") and subscriptions totaling approximately C$52 million through the equity subscription option included in its…
August 28, 2020
With Renewed Focus On Commodity Business, Just Energy, "Continues To Actively Evaluate Optimal Strategy For Its Remaining Non-Core Operations, Particularly Value-Added Products"
Just Energy reported a 67% increase in Base EBITDA from continuing operations for the quarter ending June 30, 2020 (first quarter of fiscal 2021), at $40.5 million (all $ Canadian), versus the year-ago result of $24.1 million
August 27, 2020
Just Energy Announces Securityholder Approval Of Recapitalization Plan, Reconstituted Board of Directors
Just Energy Group Inc. ("Just Energy" or the "Company") today announced the approval of its recapitalization plan (the "Recapitalization") at special meetings of securityholders held earlier today.
August 26, 2020
Just Energy Announces Amendments to Recapitalization Plan, Support Agreements with Convertible Debenture Holders, and Updated Timing for Approval Votes
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced updated terms for the Company’s proposed recapitalization plan (the 'Recapitalization') and commitments of support for the Recapitalization from holders of approximately C$68 million principal amount of the Company’s outstanding…
August 25, 2020
Just Energy Announces Postponement of Special Meetings of Securityholders and Annual General Meeting of Shareholders
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced the postponement of its special meetings of securityholders and the Annual General Meeting of shareholders, "to enable the Company to continue ongoing discussions with certain of its debtholders."
August 24, 2020
Just Energy Announces Date Adjustment For Release Of Its First Quarter Fiscal 2021 Financial Statements
Just Energy Group Inc. ('Just Energy' or the 'Company') announced that, further to its previous announcement on July 29, 2020, it is postponing the filing of its financial statements comprising its interim financial report, and related management’s discussion and analysis for the Company’s first…
August 21, 2020
Texas PUC Staff Propose Cost To Be Allocated To Individual Retail Providers For Provision Of Low-Income Sync List In FY 2021
Staff of the Public Utility Commission of Texas have proposed the individual amounts to be allocated to individual retail electric providers for provision of the low-income customer identification service for the State fiscal year beginning on September 1, 2020 (FY 2021).
August 21, 2020
Texas PUC Staff Proposes Amounts For Assessment On Subject Retail Electric Providers To Fund FY 2021 Internet Broadcast Of PUC Meetings
Staff of the Public Utility Commission of Texas have proposed the fees to be allocated to retail electric providers and other companies to cover the cost of broadcasting PUCT meetings online for FY 2021.
August 11, 2020
Just Energy Provides Date For Release of First Quarter Fiscal 2021 Results (Quarter Ending June 30, 2020)
Just Energy Group Inc. today confirmed that the Company will release operating results for the first quarter of fiscal 2021 (ending June 30, 2020) prior to market open on August 24, 2020.
July 30, 2020
Just Energy Announces Reliance On Temporary Regulatory Relief From Deadline For Filing Financial Results For Quarter Ending June 30, 2020, Announces Expected Filing Date
Just Energy Group Inc. ('Just Energy' or the 'Company'), announced that it is utilizing the extension period provided under Ontario Instrument 51-505 - Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 ('Instrument 51- 505…
July 27, 2020
Retail Supplier To Pay $1 Million, Extend In-Person Marketing, Telemarketing Suspension For Six Months, Under Settlement With PUC Staff
Verde Energy USA, Inc. would pay $1 million and extend a moratorium on in-person marketing and telemarketing in Pennsylvania for six months under a settlement with the Pennsylvania PUC's Bureau of Investigation and Enforcement ('I&E') to resolve alleged instances of slamming and alleged misleading…
July 22, 2020
Party Approached Just Energy With Asset Acquisition Proposal In Late June; Just Energy Found Proposal Provided Little To No Value To Shareholders, Said To Be Inferior To Recapitalization Plan
In a management proxy circular, Just Energy disclosed that, on June 23, 2020, a party that had previously entered into an exclusivity agreement with Just Energy concerning a potential transaction submitted another non-binding proposal to acquire certain of Just Energy’s assets.
July 17, 2020
Just Energy Announces Receipt of Interim Order for Recapitalization and Board Renewal
Just Energy Group Inc. (Just Energy or the Company) today announced it has obtained the interim order from the Ontario Superior Court of Justice in connection with the plan of arrangement (the 'Plan of Arrangement') announced on July 8, 2020.
July 16, 2020
Just Energy Announces Management Slate of Directors to be Appointed in Connection with the Recapitalization Transaction, and the Retirement of Rebecca MacDonald
Marcie Zlotnik, Steven Murray, Anthony Horton Among Company's Proposed Board Candidates
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced, "a slate of seven director candidates, of which five are new directors, who will be appointed to the board of directors (the 'Board') upon completion of the previously announced recapitalization transaction."
July 13, 2020
Just Energy Announces "Correction" to Record Date for Recapitalization Plan
Just Energy Group Inc. announced that in connection with the previously proposed recapitalization plan announced on July 8, 2020, it will be seeking, as part of the interim order, a revision of the previously announced July 8, 2020 record date for voting of securityholders, to July 23, 2020.
July 8, 2020
Just Energy Announces Recapitalization And Pending Board Renewal, Conclusion Of Strategic Review
Just Energy, "Plans To Remain Independent" Reports 4Q, Full Year Earnings
Just Energy Group Inc. ('Just Energy' or the 'Company') today announced, "the conclusion of its strategic review and a comprehensive plan to strengthen and de-risk the business, positioning the Company for sustainable growth as an independent industry leader."
July 2, 2020
Just Energy Announces Amendments to Debt Covenants
Just Energy Group Inc. ("Just Energy" or the "Company") announced today that it has amended its senior secured credit facility to increase the senior debt to EBITDA covenant ratio from 1.50:1 to 2.00:1 and the total debt to EBITDA covenant from 3.50:1 to 4.00:1 with respect to the fiscal quarter…