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Just Energy Group Inc. (JE.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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4.92000.0000 (0.00%)
At close: 4:00PM EST
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Previous Close4.9200
Open4.9800
Bid1.7900 x 0
Ask1.7900 x 0
Day's Range4.8500 - 5.1200
52 Week Range4.3100 - 39.6000
Volume360,316
Avg. Volume260,131
Market Cap236.547M
Beta (5Y Monthly)1.27
PE Ratio (TTM)N/A
EPS (TTM)-10.0930
Earnings DateFeb. 26, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJun. 14, 2019
1y Target Est2.00
  • Just Energy Celebrates Earth Month Beyond April with Special Customer Promotions
    GlobeNewswire

    Just Energy Celebrates Earth Month Beyond April with Special Customer Promotions

    Price Reductions on JustGreen Products and Carbon Offsets with New Customer Enrollments HOUSTON, April 22, 2021 (GLOBE NEWSWIRE) -- Just Energy Group Inc. (Just Energy) (OTC: JENGQ), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, today announced that in recognition of Earth Day, our operating subsidiaries will add special offers to help customers reduce their impact on the environment. From April 22 through May 22, 2021, Just Energy, through our subsidiaries, is providing a $5 discount on JustGreen products for new Texas customers, and for all other new North American customers, will include one free tonne of carbon offsets redeemable through terrapass, a carbon offset and renewable energy specialist and an affiliate of Just Energy. Whether customers choose to sign up online, over the phone, or at one of our many retail locations, JustGreen can be conveniently added to any energy plan we offer. This latest initiative is one more way Just Energy is making it easy for customers to choose eco-friendly options that will contribute to the planet’s overall health. JustGreen makes choosing sustainability easy. Customers have the flexibility to shop from all Just Energy plans, both gas and electricity, and add renewable energy to any plan they select. “As a pioneer in North American renewable energy and with our long-standing JustGreen program and tailored suite of sustainable options through our terrapass business, Just Energy has been ahead of the curve in integrating the environment into our product considerations,” says Scott Gahn, Just Energy’s President and Chief Executive Officer. “Climate change is here and happening, and we are keenly focused on delivering products that resonate with eco-conscious consumers seeking out responsive service providers. As we continue our focus on environmental, social, and governance considerations, we are a strong partner for ecologically-aware businesses seeking a path towards a more balanced future.” The current JustGreen and one tonne carbon offset offers are designed to further drive momentum towards carbon reduction. The environmental benefit from one tonne of carbon offsets is similar to avoiding over 2,500 miles of driving. JustGreen power and gas products are geared towards electricity and natural gas commodity supply customers. JustGreen Power gives customers the ability to reduce the environmental impact of their electricity supply by matching all or a portion of their usage with renewable energy credits (RECs) from certified renewable sources such as wind, solar or run of river hydro. JustGreen Gas allows customers to reduce the carbon footprint of their home or business by adding carbon offsets to their gas supply. Using JustGreen, over 40% of customers sign-up for environmentally sustainable products. Of all residential consumers who enrolled with Just Energy in the past year, approximately 42% added JustGreen for some or all of their energy needs. On average, these customers chose to purchase approximately 97% of their consumption as green supply, up from 86% in the previous year. Thanks to our customers, over two million tonnes of carbon emission reductions were purchased in 2020, equivalent to taking over 430,000 cars off the road for a year. This reduction includes 2.2 million MWh of renewable energy certificates, enough renewable electricity to power over 180,000 homes for a year, and over 630,000 tonnes of carbon offsets, equivalent to planting over 10 million trees. Terrapass makes voluntary carbon offsets and RECs accessible and affordable choices for everyone. Through terrapass.com, customers can select from a robust product suite that includes carbon offsetting plans to fit their personal or business footprint, including the Carbon Balanced Living Plan (for individuals and families) and the Carbon Balanced Business Plan, with both offsetting solutions tailored for a customer’s size and needs. These plans add to Flight Carbon Offsets, Gift of terrapass, Green Wedding Carbon Offsets, renewable energy certificate products, as well as BEF Water Restoration Credits®. While Earth Day may be one day on the calendar, environmental stewardship is a daily responsibility. That’s why we continue to offer ways to better serve the needs of our customers by connecting their life experiences with renewable energy and emission reduction projects that they care about, and solutions to help energy consumers large and small meet their goals on the road to a sustainable future. About Just Energy Group Inc. Just Energy is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions 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 Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and terrapass. Visit https://investors.justenergy.com/ to learn more. On March 9, 2021, Just Energy and certain affiliates filed for creditor protection under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) in the Ontario Superior Court of Justice (Commercial List) and recognized under Chapter 15 of the United States Bankruptcy Code. Further information regarding the CCAA proceedings is available at the Monitor’s website http://cfcanada.fticonsulting.com/justenergy. 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 email at justenergy@fticonsulting.com. About terrapass Terrapass, a member of Just Energy Group Inc., works towards a more sustainable planet by pursuing solutions to climate change. We support projects throughout North America and the world that remove greenhouse gases, produce renewable energy and restore freshwater ecosystems. Our products and services provide individuals and businesses with the ability to reduce the environmental impact of their everyday activities. Learn more at terrapass.com. Media Contacts: MediaBoyd ErmanLongview Communications and Public AffairsPhone: 416-523-5885berman@longviewcomms.ca terrapass Karra Marinopr@terrapass.com Source: Just Energy Group Inc.

  • Just Energy Provides Update on ERCOT Resettlements
    GlobeNewswire

    Just Energy Provides Update on ERCOT Resettlements

    TORONTO, April 21, 2021 (GLOBE NEWSWIRE) -- Just Energy Group Inc. (“Just Energy” or the “Company”) (OTC: JENGQ), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, announced today that the Company has received resettlement invoices from the Electricity Reliability Council of Texas (“ERCOT”) for the week of February 15, 2021 in connection with the Texas extreme weather event in February (the “Weather Event”) totaling approximately an additional US$48 million, substantially related to unexpected increases with respect to unaccounted for energy (UFE), as determined by ERCOT. The resettlement invoices bring the total financial impact to the Company of the Weather Event to over US$300 million. While the Company is disputing the invoices associated with the Weather Event, including the resettlement invoices, it has sufficient liquidity and has paid the invoices as they have come due, in accordance with ERCOT’s requirements. As of April 19, 2021, the Company had approximately C$245 million of cash. The total financial impact of the Weather Event to the Company may change due to additional ERCOT resettlements, potential legislation, the outcome of the dispute resolution process initiated by the Company with ERCOT and potential litigation challenges. “While Just Energy continues to work through the ERCOT processes, the Company has been effectively serving and enrolling customers across North America.” said Scott Gahn, Just Energy’s President and Chief Executive Officer. “We are encouraged by our ability to successfully pursue opportunities for mass market customer growth over the past few months. As certain markets reopen and the recovery accelerates, we remain confident in our ability to capture critical market share and reap the benefits from the investments made in our digital sales channel and the return of our retail channel in key markets.” Just Energy will provide additional updates as developments warrant. Further information regarding the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) proceedings is available at the Monitor’s website http://cfcanada.fticonsulting.com/justenergy. 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 email 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 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 Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and terrapass. Visit https://investors.justenergy.com/ to learn more. FORWARD-LOOKING STATEMENTSThis press release may contain forward-looking statements, including statements with respect to ERCOT resettlements; the potential for changes to the total financial impact of the Weather Event due to additional ERCOT resettlements, potential legislation, the outcome of the dispute resolution process initiated by the Company with ERCOT and potential litigation challenges; the potential for mass market customer growth; and ability to capture critical market share and reap the benefits from investments made in the Company’s digital sales channel. These statements are based on current expectations that involve several risks and uncertainties which could cause actual results to differ from those anticipated. These risks include, but are not limited to, risks with respect to: the ability of the Company to continue as a going concern; the outcome of proceedings under CCAA and similar legislation in the United States; the outcome of any legislative or regulatory actions; the outcome of any invoice dispute with ERCOT; the outcome of potential litigation in connection with the Weather Event; the quantum of the financial loss to the Company from the Weather Event and its impact on the Company’s liquidity; the Company’s discussions with key stakeholders regarding the Weather Event and the outcome thereof; the impact of the evolving COVID-19 pandemic on the Company’s business, operations and sales; reliance on suppliers; uncertainties relating to the ultimate spread, severity and duration of COVID-19 and related adverse effects on the economies and financial markets of countries in which the Company operates; the ability of the Company to successfully implement its business continuity plans with respect to the COVID-19 pandemic; the Company’s ability to access sufficient capital to provide liquidity to manage its cash flow requirements; general economic, business and market conditions; the ability of management to execute its business plan; levels of customer natural gas and electricity consumption; extreme weather conditions; rates of customer additions and renewals; customer credit risk; rates of customer attrition; fluctuations in natural gas and electricity prices; interest and exchange rates; actions taken by governmental authorities including energy marketing regulation; increases in taxes and changes in government regulations and incentive programs; changes in regulatory regimes; results of litigation and decisions by regulatory authorities; competition; and dependence on certain suppliers. Additional information on these and other factors that could affect Just Energy’s operations or financial results are included in Just Energy’s annual information form and other reports on file with Canadian securities regulatory authorities which can be accessed through the SEDAR website at www.sedar.com on the U.S. Securities and Exchange Commission’s website at www.sec.gov or through Just Energy’s website at www.justenergygroup.com. FOR FURTHER INFORMATION PLEASE CONTACT: Investors Michael CummingsAlpha IRPhone: (617) 982-0475 JE@alpha-ir.com Monitor FTI Consulting Inc.416-649-8127 or 1-844-669-6340 justenergy@fticonsulting.com MediaBoyd ErmanLongview Communications and Public AffairsPhone: 416-523-5885berman@longviewcomms.ca Source: Just Energy Group

  • Just Energy Provides Update on CCAA and Chapter 15 Processes
    GlobeNewswire

    Just Energy Provides Update on CCAA and Chapter 15 Processes

    Appointment of Anthony Horton as Executive Chair TORONTO, April 02, 2021 (GLOBE NEWSWIRE) -- Just Energy Group Inc. (“Just Energy” or the “Company”) (OTC: JENGQ), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, announced today that the order under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) issued on March 19, 2021 has been given full force and effect in the United States under Chapter 15 of Title 11 of the U.S. Code in the cases currently pending in the Bankruptcy Court for the Southern District of Texas. The Company also announced that the current Chairman of the Board, Anthony Horton, has been appointed as Executive Chair of the Company by the Board to, among other things, oversee and provide strategic direction with respect to the exploration and implementation of potential restructuring alternatives, while the Company is undergoing the CCAA and U.S. Chapter 15 processes. Mr. Horton has more than 25 years of energy experience and was Executive Vice President and Chief Financial Officer at Energy Future Holdings and Senior Director of Corporate and Public Policy at TXU Energy. He has served on the board of directors and committees of numerous companies involved in turnarounds and restructuring matters. In addition to the appointment of Mr. Horton, the Company also announced that it has established a Legislative and Regulatory Affairs Committee of the Board to, among other things, oversee, review and assess any government or regulatory actions associated with the Texas extreme weather event (the “Weather Event”). The Legislative and Regulatory Affairs Committee will be chaired by Marcie Zlotnik and its other members will be Mr. Horton and Scott Gahn. “I look forward to the ongoing work with Tony, Marcie and the rest of the Board, as we continue to effectively serve our customers across North America, while managing the restructuring process,” said Mr. Gahn, Just Energy’s President and Chief Executive Officer. Just Energy will provide additional updates as developments warrant. Further information regarding the CCAA proceedings is available at the Monitor’s website http://cfcanada.fticonsulting.com/justenergy. 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 email 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 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 Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and terrapass. Visit https://investors.justenergy.com/ to learn more. FORWARD-LOOKING STATEMENTSThis press release may contain forward-looking statements, including statements with respect to the CCAA and U.S. chapter 15 proceedings; the availability of potential restructuring alternatives; and whether there are any government or regulatory actions associated with the Weather Event. These statements are based on current expectations that involve several risks and uncertainties which could cause actual results to differ from those anticipated. These risks include, but are not limited to, risks with respect to: the ability of the Company to continue as a going concern; the outcome of proceedings under CCAA and similar legislation in the United States; the outcome of any legislative or regulatory actions; the outcome of any invoice dispute with the Electric Reliability Council of Texas (“ERCOT”); the outcome of potential litigation in connection with the Weather Event; the quantum of the financial loss to the Company from the Weather Event and its impact on the Company’s liquidity; the Company’s discussions with key stakeholders regarding the Weather Event and the outcome thereof; the impact of the evolving COVID-19 pandemic on the Company’s business, operations and sales; reliance on suppliers; uncertainties relating to the ultimate spread, severity and duration of COVID-19 and related adverse effects on the economies and financial markets of countries in which the Company operates; the ability of the Company to successfully implement its business continuity plans with respect to the COVID-19 pandemic; the Company’s ability to access sufficient capital to provide liquidity to manage its cash flow requirements; general economic, business and market conditions; the ability of management to execute its business plan; levels of customer natural gas and electricity consumption; extreme weather conditions; rates of customer additions and renewals; customer credit risk; rates of customer attrition; fluctuations in natural gas and electricity prices; interest and exchange rates; actions taken by governmental authorities including energy marketing regulation; increases in taxes and changes in government regulations and incentive programs; changes in regulatory regimes; results of litigation and decisions by regulatory authorities; competition; and dependence on certain suppliers. Additional information on these and other factors that could affect Just Energy’s operations or financial results are included in Just Energy’s annual information form and other reports on file with Canadian securities regulatory authorities which can be accessed through the SEDAR website at www.sedar.com on the U.S. Securities and Exchange Commission’s website at www.sec.gov or through Just Energy’s website at www.justenergygroup.com. FOR FURTHER INFORMATION PLEASE CONTACT: Investors Michael CummingsAlpha IRPhone: (617) 982-0475 JE@alpha-ir.com Monitor FTI Consulting Inc.416-649-8127 or 1-844-669-6340 justenergy@fticonsulting.com MediaBoyd ErmanLongview Communications and Public AffairsPhone: 416-523-5885berman@longviewcomms.ca Source: Just Energy Group