Key Developments: Just Energy Group Inc (JE)

JE on New York Consolidated

4.86USD
24 Oct 2014
Price Change (% chg)

$0.12 (+2.53%)
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$4.74
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Latest Key Developments (Source: Significant Developments)

Just Energy Group announces verdict reached in Hurt, et al v. Commerce Energy, Inc. et al
Wednesday, 8 Oct 2014 07:30am EDT 

Just Energy Group Inc:Says that jury in Federal Court of the Northern District of Ohio reached verdict in Hurt, et al vs Commerce Energy, Inc. et al class action lawsuit.The verdict supports the plaintiffs' class and collective action that certain individuals were not properly classified as outside sales people in order to qualify for an exemption under minimum wage and overtime requirements pursuant to Fair Labor Standards Act and Ohio wage and hour laws.Potential amounts owing have yet to be determined and will be subject to a separate proceeding.Just Energy - parent Company of Commerce Energy - disagrees with the result. Just Energy strongly believes it complied with law, is investigating all legal options and plans on appealing the verdict.  Full Article

Just Energy reaches agreement on the sale of Hudson Energy Solar Corp
Friday, 19 Sep 2014 07:30am EDT 

Just Energy Group Inc:Enters into an agreement to sell the shares of Hudson Energy Solar Corp.Purchase price to be paid will allow the assumption or repayment by the purchaser of about US$33 mln in outstanding debt plus the payment of about US$23 mln cash at closing.CIBC World Markets acted as financial advisor to Just Energy with respect to the transaction.  Full Article

Just Energy Group Inc announces September quarterly dividend
Tuesday, 2 Sep 2014 08:30am EDT 

Just Energy Group Inc:Declares quarterly dividend of C$0.125 per common share.Payment on Sept. 30.Record date on Sept. 15.  Full Article

Just Energy Group Inc announces CFO transition
Friday, 22 Aug 2014 08:55am EDT 

Just Energy Group Inc:Announced a transition in the role of CFO.Co-CEOs Deb Merril and James Lewis announced the appointment by the Board of Directors of Patrick McCullough as Chief Financial Officer and the departure of Beth Summers from that role following a transition period.  Full Article

Just Energy Group Inc reaffirms FY 2015 EBITDA guidance
Thursday, 7 Aug 2014 08:50am EDT 

Just Energy Group Inc:Says that base EBITDA from continuing operations remains well on track to meet or exceed the company's published guidance range $163 mln to $173 mln for FY 2015.  Full Article

Just Energy Group Inc announces June dividend
Tuesday, 3 Jun 2014 05:05pm EDT 

Just Energy Group Inc:Announces a dividend of C. $0.07/common share will be paid on June 30 to shareholders of record on June 16.  Full Article

Just Energy Group Inc gives FY 2015 EBITDA guidance below analysts' estimates
Thursday, 15 May 2014 08:30am EDT 

Just Energy Group Inc:Initiates FY 2015 base EBITDA guidance range of $220 mln to $230 mln.FY 2015 EBITDA of $239 mln - Thomson Reuters I/B/E/S.  Full Article

Just Energy Group Inc announces May dividend
Friday, 2 May 2014 04:30pm EDT 

Just Energy Group Inc:Announces dividend of C$0.07 per share.Dividend will be paid on May 31 to shareholders of record on May 15.  Full Article

Just Energy Group Inc announces April dividend
Wednesday, 2 Apr 2014 05:00pm EDT 

Just Energy Group Inc:Declare dividend of C$0.07/common share will be paid on April 30 to shareholders of record at close of business on April 15.  Full Article

Just Energy Group Inc subsidiary introduces first mobile app for residential electricity customers
Wednesday, 26 Mar 2014 11:42am EDT 

Just Energy Group Inc:Tara Energy to launch a new Tara Energy app for mobile devices running on Apple and Android operating systems.Available for free through Google Play and Apple's iTunes store.Provides customers with a suite of account management services including bill payment, view bill, view account profile, set up recurring auto payments to avoid late fees and more.  Full Article

UPDATE 1-Canada's Just Energy to sell water heater, aircon business

June 5 - Canadian natural gas and electricity retailer Just Energy Group Inc said it would sell its Ontario-based water heater and air conditioning home services business for $505 million to pay down debt.

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