Just Energy said Monday that it could lose about $250 million from Texas’ deep freeze that left millions without power last week. The hit “could be materially adverse to the Company’s liquidity and its ability to continue as a going concern,” it said in a press release.
Canada-based Just Energy (JE)
shares dropped more that 30% in early trading on the Toronto Stock Exchange.
The massive spike in energy demand during Texas’ cold snap sent prices soaring. Just Energy noted that Texas energy prices were selling for as much as $9,000 per megawatt hour for much of last
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