Just Energy Group Inc. (Canada) JENGQ

RE:Scurrying Rats

[Capharnaum]

testomax wrote: The reason for D'Andrea's resignation was not immediately clear late Tuesday. It came hours after Texas Monthly reported that he told out-of-state investors on a call he would work to throw "the weight of the commission" behind stopping calls to reverse billions of dollars in charges for wholesale electricity during the storm. The cost of electricity last month has emerged as a hot-button issue in this year's legislative session after an independent market monitor estimated that the electric grid operator overbilled power companies around the time of the storm.

Texas Monthly paints it as "out-of-state" investors, but the truth is that they were talking to market participants (those who provide the energy) for whom stability is important, otherwise some will stop providing energy to Texas, charge premiums for the unstability, could even ask for pre-payments or ask for energy transfer to happen outside of Texas (so that they don't fall under their jurisdiction).

Btw, all market participants (energy providers) are companies and can be called "out-of-state" investors. Using the later is simply showing bias as trying to paint them as bad.