ERCOT and PUCT lawsuit.Hi everyone, anyone have a comment on this?
If a bill was passed to do a resseltment why JE have to take action in Justice to get his money back?
Merci beaucoup.
Gaillard
Just Energy sues ERCOT, PUCT over Texas storm payments
2021-11-12 17:40 ET - News Release
Mr. Boyd Erman reports
JUST ENERGY INITIATES LITIGATION AGAINST ERCOT AND THE PUCT IN TEXAS BANKRUPTCY COURT
Just Energy Group Inc., along with its affiliates Just Energy Texas LP, Fulcrum Retail Energy LLC and Hudson Energy Services LLC, initiated a lawsuit against the Electric Reliability Council of Texas (ERCOT) and the Public Utility Commission of Texas (the PUCT) in the United States Bankruptcy Court for the Southern District of Texas. The lawsuit seeks to recover payments that were made by the Just Energy parties to ERCOT for certain invoices relating to February, 2021, when a historically severe winter storm known as Winter Storm Uri severely impaired Texas's power-generating resources. As previously reported, the Just Energy parties and certain of their affiliates commenced cases under Chapter 15 of the United States Bankruptcy Code on March 9, 2021, in the Texas Bankruptcy Court.
FTI Consulting Canada Inc. (the monitor) is overseeing the company's proceedings under the Companies' Creditors Arrangement Act (CCAA) as the court-appointed monitor. Further information regarding the CCAA proceedings and the lawsuit is available at the monitor's website. Information regarding the CCAA proceedings can also be obtained by calling the monitor's hotline at 416-649-8127 or 1-844-669-6340 or by e-mail at justenergy@fticonsulting.com.
About Just Energy Group Inc.
Just Energy is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions, carbon offsets and renewable energy options to customers. Currently operating in the United States and Canada, Just Energy serves residential and commercial customers. Just Energy is the parent company of Amigo Energy, Filter Group, Hudson Energy, Interactive Energy Group, Tara Energy and TerraPass.
We seek Safe Harbor.
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