OTCPK:JENGQ - Post by User
Comment by
GaillardDeshaieon Mar 10, 2021 8:51am
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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.