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Just Energy Group Inc. (Canada) T.JE


Primary Symbol: JENGQ

Utilities Utilities - Diversified
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

Just Energy Group Inc. (Canada) > Good news, maybe?
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Comment by Capharnaumon Mar 10, 2021 11:36am
74 Views
Post# 32762848

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Good news, maybe?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Good news, maybe?
Tommy123 wrote: Agreed. ERCOT will never collect the money, not do I believe it is legal for them to even bill that much. JE will win this, and the company will be no worse for the wear. Its stock price will recover. 


What ERCOT did was legal. They raised the price to the max after getting the approval from the Public Utility Commission. If they didn't raise the price, then electricity producers wouldn't have been back online and more customers would have been left without electricity (they would have needed to keep some parts of the grid off).

To go back and change rates retroactively would mean that producers would get paid less for the electricity produced.
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