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Just Energy Group Inc. (Canada) JENGQ

Just Energy Group Inc is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers. Geographically, the company is operating in the United States and Canada, Just Energy serves residential and commercial customers.


OTCPK:JENGQ - Post by User

Comment by GaillardDeshaieon Mar 10, 2021 8:51am
77 Views
Post# 32761107

RE:JE - globe newsire

RE:JE - globe newsireHi 2020oilgamble, ERCOT is expecting to receive $2.48 billions from his energy retailers suppliers in Texas including BRAZOS with $1.8 billions, and the JE is not including in that receivable, it look like the other around 25 + energy retailers suppliers will have to pay $700 millions,  it is an average of $28 millions per others energy retailers suppliers (I have founded around 28 energy retailers suppliers for Texas).  That's mean if ERCOT can not collect those receivable $$, they will be probably cooked as well.  So, this is for the balance of actual shareholders of JE the really last chance and hope to avoid a big lost of $$$.  Now JE is in a better position to negociate with ERCOT to reduce the amount to be paid to them.  GLTA.  Gaillard.
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