freeze

Business News

The Texas deep freeze could force this energy company out of business

6 days ago

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

Business News

As Texas deep freeze subsides, some households now face electricity bills as high as $10,000

7 days ago

As the Texas power grid collapsed under a historic winter storm, Jose Del Rio of Haltom City, in the Dallas-Fort Worth area, saw the electricity bill on a vacant two-bedroom home he is trying to sell slowly creep up over the past two weeks. Typically, the bill is around $125 to $150 a month, he said. But his account has already been charged about $630 this month — and he still owes another $2,600.

“If worse comes to worst, I have the ability to put it on a credit card or figure something out,” Del Rio said. ”There is no