TORONTO, March 03, 2021 (GLOBE NEWSWIRE) -- Just Energy Group Inc. (“Just Energy” or the “Company”) (TSX:JE; NYSE:JE), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers and carbon offsets, announced today that it has filed a petition with the Public Utility Commission (the “Commission”) requesting an order that the Electric Reliability Council of Texas (“ERCOT”) deviate from the deadlines and timing in its Protocols and Market Guides related to settlements, collateral obligations, and invoice payments and suspend the execution or issuance of invoices or settlements for intervals during the dates of February 14, 2021 through February 19, 2021, until issues related to the catastrophic winter event of February 2021 raised by executive and legislative branches of the Texas authorities are investigated, addressed, and resolved. Alternatively, Just Energy requested that the Commission grant a waiver of certain ERCOT Protocols to allow Just Energy to delay payment of certain invoices related to the Weather Event (as defined below) while exercising its rights under the ERCOT Protocols to dispute the invoiced payment amounts.
多伦多，2021年3月3日(环球通讯社)——Just Energy Group Inc.(“Just Energy”或“公司”)(TSX:JE;纽交所:我),零售能源供应商专门从事电力和天然气商品和客户带来节能解决方案和可再生能源的选择和碳抵消,今天宣布与公用事业委员会提交了一份请愿书请求订单(“委员会”),德州电力可靠性协会(ERCOT)偏离的截止日期和时间相关协议和市场指导定居点,担保义务,和发票支付和暂停执行或发行发票或清算期间为间隔的日期2月14日,2021年到2月19日,2021年,直到2021年2月冬季灾难性事件的相关问题提出的行政和立法机构的德克萨斯州当局正在调查,处理和解决。另外，Just Energy要求委员会放弃某些ERCOT协议，允许Just Energy在行使其根据ERCOT协议对发票支付金额提出争议的权利时，延迟支付与天气事件(定义如下)有关的某些发票。
As previously announced by the Company, the extreme cold weather experienced in the State of Texas commencing on or about February 13, 2021 continuing through February 19, 2021 (the “Weather Event”) resulted in the Company having to balance its power supply through ERCOT at artificially mandated high electricity prices and significantly increased ancillary service costs. Just Energy has initiated the dispute process with ERCOT regarding certain charges being invoiced, including the application of the $9,000/ MWh System Wide Offer Cap to any time period after the ERCOT grid ceased shedding load at 1:05 a.m. on February 18, 2021, as applying the System Wide Offer Cap after that time contravened the Commission’s February 15th and February 16th orders. In addition, as the recent comments of the Independent Market Monitor of ERCOT have made clear, the Company has concerns, as do other market participants, regarding how ancillary services charges were calculated and assessed during the Weather Event and is disputing certain ancillary services charges. The requested order and waiver do not require that the Commission make a determination as to whether Just Energy should be relieved of its payment obligations, as Just Energy intends to address these disputes with ERCOT through the dispute resolution procedures set out in the ERCOT Nodal Protocols.
公司此前宣布的,极端寒冷的天气在德克萨斯州经历约2月13日开始,2021年一直持续到2月19日,2021年(“天气事件”)导致公司不得不平衡通过ERCOT电力供应在人为规定高电价和辅助服务成本的显著增加。就能源已经发起了纠纷过程ERCOT关于某些费用发票,包括9000美元/兆瓦时系统广泛的应用提供帽ERCOT电网停止脱落后任何时间负载1:05点2月18日,2021年,应用系统范围提供帽后,违反了委员会的2月15日和2月16日的订单。此外，正如ERCOT独立市场监测机构最近的评论所表明的那样，该公司和其他市场参与者一样，对在天气事件期间如何计算和评估辅助服务费用感到担忧，并对某些辅助服务费用提出了争议。要求的命令和弃权并不要求委员会就是否解除Just Energy的支付义务作出决定，因为Just Energy打算通过ERCOT节点议定书中规定的争端解决程序与ERCOT解决这些争端。
Just Energy’s petition can be located at https://www.puc.texas.gov/.
Just Energy的请愿可以在https://www.puc.texas.gov/上找到。
About Just Energy Group Inc.
关于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.
Just Energy是一家专注于电力和天然气商品的零售能源供应商，为客户提供高效能源解决方案和可再生能源选择。Just Energy目前在美国和加拿大运营，服务于住宅和商业客户。Just Energy是Amigo Energy、Filter Group Inc.、Hudson Energy、Interactive Energy Group、Tara Energy和terrapass的母公司。访问https://investors.justenergy.com/了解更多信息。
This press release may contain forward-looking statements, including with respect to obtaining an order or waiver from the Commission respecting the ERCOT protocols and market guides related to settlements, collateral obligations and invoice payments and obtaining relief to delay payment of certain ERCOT settlement invoices. 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 financial impact of the Weather Event on the Company, the potential for government or regulatory action or litigation, the quantum of the financial loss to the Company from the Weather Event and its impact on the Company’s liquidity; the Company’s ability to continue as a going concern; 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; 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.
该新闻稿可能包含前瞻性声明，包括关于从委员会获得关于结算、担保债务和发票支付的ERCOT协议和市场指南的命令或弃权，以及获得延期支付ERCOT结算发票的救济。这些声明是基于当前的预期，其中涉及若干风险和不确定因素，可能导致实际结果与预期结果不同。这些风险包括,但不限于,对风险:天气事件对公司的财务影响,潜在的政府或监管行动或诉讼,量子公司经济损失的天气事件及其对公司的流动性的影响;公司持续经营的能力;公司与主要利益相关者就天气事件及其结果进行的讨论;新冠肺炎大流行对公司业务、运营和销售的影响;对供应商的依赖;与COVID-19最终蔓延、严重程度和持续时间有关的不确定性，以及对公司运营所在国经济和金融市场的相关不利影响;公司成功实施针对COVID-19大流行的业务连续性计划的能力;公司获得充足资本以提供流动资金以管理其现金流需求的能力;一般经济、业务和市场情况;管理层执行其经营计划的能力;客户天然气和电力消耗水平;极端天气条件;客户增加和续订费率;客户信用风险;客户流失率;天然气和电力价格的波动;利率和汇率;政府当局采取的行动，包括能源市场监管;增加税收，改变政府法规和激励计划;监管制度的改变;诉讼结果和监管机构的决定;竞争;对某些供应商的依赖。额外的信息关于这些主题和其他因素可能会影响能源的运营或财务结果包含在能量的年度信息形式与加拿大证券监管机构和其他报告文件,可以通过SEDAR访问网站www.sedar.com在美国证券交易委员会的网站www.sec.gov或通过能源的网站www.justenergygroup.com。
Neither the Toronto Stock Exchange nor the New York Stock Exchange has approved nor disapproved of the information contained herein.
多伦多证券交易所和纽约证券交易所均未批准或不批准本函所载信息。