About Just Energy Group Inc. with its statements
October 6, 2020
Just Energy Group Inc, a retail vitality supplier work in power and flammable gas items and bringing vitality proficient arrangements and sustainable power source alternatives to clients, today declared that it got the endorsement from the United States’ Federal Energy Regulatory Commission (the “FERC”) of the Company’s recently reported arrangement of course of action (the “Recapitalization Transaction”). The Company has gotten every important endorsement and may now continue with the conclusion of the Recapitalization Transaction. The Company hopes to close the Recapitalization Transaction approximately September 28, 2020.
Just Energy is a purchaser organization zeroed in on fundamental needs, including power and petroleum gas wellbeing and prosperity, for example, water quality and filtration gadgets; and utility protection, bringing vitality effective arrangements and sustainable power source choices to customers. As of now working in the United States and Canada, Just Energy serves private and business clients. Just Energy is the parent organization of Amigo Energy, EdgePower Inc., Filter Group Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and TerraPass.
This public statement may contain forward-looking proclamations. These announcements depend on current desires that include various dangers and vulnerabilities which could make real outcomes vary from those envisioned. These announcements depend on current desires that include a few dangers and vulnerabilities which could make genuine outcomes contrast from those envisioned. These dangers incorporate, yet are not restricted to, hazards as for raising new value capital and the trading of obligation; the proposed recapitalization exchange bringing about a monetarily more grounded Company; decreasing the Company’s current obligation and premium cost (counting the sums thereof); procedures under the CBCA; actualizing a Plan of Arrangement; giving new value; the assignment of any new value; tending to specific commitments as a feature of a proposed recapitalization exchange; chances related with the proposed recapitalization exchange, including the powerlessness to finish a proposed recapitalization exchange or complete a proposed recapitalization exchange in a convenient or proficient way; the failure to pay off the Company’s obligation as well as premium installments, procedures under the CBCA; giving and allotting new value including the weakening of the Company’s remarkable basic offers; the estimation of existing value following the fulfillment of a recapitalization; the effect of the developing COVID-19 pandemic on the Company’s business, activities and deals; dependence on providers; vulnerabilities identifying with a definitive spread, seriousness and term of COVID-19 and related unfriendly impacts on the economies and monetary business sectors of nations in which the Company works; the capacity of the Company to effectively actualize its business coherence plans as for the COVID-19 pandemic; the Company’s capacity to get to adequate cash-flow to give liquidity to deal with its income necessities; general financial, business and economic situations; the capacity of the board to execute its field-tested strategy; levels of client gaseous petrol and power utilization; extraordinary climate conditions; paces of client augmentations and recharges; client credit hazard; paces of client whittling down; variances in flammable gas and power costs; premium and trade rates; activities taken by administrative specialists including vitality advertising guideline; increments in duties and changes in government guidelines and impetus programs; changes in administrative systems; consequences of prosecution and choices by administrative specialists; rivalry; the exhibition of procured organizations and reliance on specific providers.