(Updated March 23, 2021)
Canada-based energy company Just Energy Group, which operates in Texas among other states, filed for bankruptcy protection Tuesday in Canada and is expected to do likewise in the United States.
The company noted that it has reached an agreement with one of its lenders for $125 million in financing and says services won’t be halted. “All Services to customers across Company’s North American operations continue without interruption [and] no impact on customers’ bills or daily operations [is] expected,” Just Energy said.
It says the filings have “no impact on consumer bills.”
However, it announced on March 22 that it would not appeal a New York Stock Exchange decision to delist the stock. The next day, it announced it is trading on the Toronto Stock Exchange OTC Pink Market under the ticker symbol “JENGQ.”
Just Energy blamed the February winter storm and higher bills from the Electricity Reliability Council of Texas for the filing.
More about Just Energy’s filing:
Following are the latest developments regarding the aftermath of the February winter storm that forced millions of Texans to lose power.
Texas governor wants lawmakers to correct ERCOT billing ‘errors’
Texans in rural areas could face challenges seeking storm damage relief
ERCOT adds another provider to short-pay list
More customers moved to provider of last resort