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Bullboard - Stock Discussion Forum 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 Discussion

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Post by testomax on Mar 17, 2021 9:06am

Scurrying Rats

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.
Comment by Capharnaum on Mar 17, 2021 5:49pm
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 ...more  
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