Just Energy Comments on Increase in Market Activity
October 18 2021 - 2:39PM
At the request of IIROC, Just Energy Group Inc. (“
Just
Energy” or the “
Company”) (TSXV:JE;
OTC:JENGQ), a retail energy provider specializing in electricity
and natural gas commodities and bringing energy efficient
solutions, carbon offsets and renewable energy options to
customers, announced today that the Company wishes to confirm that
the Company’s management is unaware of any material change in the
Company’s operations that would account for the recent increase in
market activity.
As previously reported, FTI Consulting Canada
Inc. (the “Monitor”) is overseeing the proceedings
of the Company under the Companies’ Creditors Arrangement Act
(Canada) (“CCAA”) as the court-appointed Monitor.
Further information regarding the CCAA proceedings is available at
the Monitor’s website
at 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, 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. Visit https://investors.justenergy.com to learn
more.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking
statements, including, without limitation, statements with respect
to the Company’s operations and the CCAA proceedings. 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 the CCAA
proceedings and similar legislation in the United States; the
outcome of any potential litigation with respect to the February
2021 extreme weather event in Texas (the “Weather
Event”), the final amount received by the Company with
respect to the financing mechanisms to recover certain costs
incurred during the Weather Event, the outcome of any invoice
dispute with the Electric Reliability Council of Texas; the
Company’s discussions with key stakeholders regarding the Weather
Event and the CCAA proceedings 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 and on the U.S.
Securities and Exchange Commission’s website at www.sec.gov or
through Just Energy’s website at www.investors.justenergy.com.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
FOR FURTHER INFORMATION PLEASE
CONTACT: InvestorsMichael
CummingsAlpha IRPhone: (617) 982-0475 JE@alpha-ir.com
MonitorFTI Consulting
Inc.Phone: 416-649-8127 or
1-844-669-6340justenergy@fticonsulting.com
MediaBoyd ErmanLongview
CommunicationsPhone: 416-523-5885berman@longviewcomms.ca
Source: Just Energy Group
Inc.
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