The
Toronto Stock Exchange (TSX) survived the COVID-19 health crisis in 2020, although some stocks are still struggling in 2021. However, investors should avoid an international tourism company and a diversified utility company. Neither stock will be rising from the ashes anytime soon and are high-risk investments at the moment. An abnormal weather disturbance and a botched acquisition could even lead to bankruptcies in 2021.
Capital injection
The shares of
Just Energy Group(TSX:JE)(NYSE:JE) tanked nearly 32% to $4.96 on February 22, 2021, following its announcement of a potential $250 million loss from the frigid Texas weather. The Canadian electricity and gas provider has a market capitalization of $217.67 million.
Texas lawmakers grill officials, regulators over winter storm train wreck spglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spglobal.com Daily Mail and Mail on Sunday newspapers.
Questions for the Texas Legislative Hearings on Winter Blackouts
On Thursday, the Texas House and Senate will hold hearings about the causes and consequences of the recent Texas blackouts. The hearings will be a good opportunity to get clarity on exactly what went wrong and what changes could be made to decrease the risks and costs of similar events in the future. Here are a few areas that will be important to explore:
Are there any early indications of common mode failure causing generator outages?
We know that a substantial amount of generation capacity (greater than 45,000 MW) was offline during the outages. While different plants undoubtedly failed for different reasons, there were definitely common problems that took multiple plants offline. Identifying and quantifying the specific causes of the outages is key to determining where the vulnerabilities are in the current system. How much of the outages was due to a lack of fuel supply? Were there any transmission outages or con
The following is a contributed article by Paul Griffin, executive director of Energy Fairness.
As extreme winter weather gripped much of Texas and millions of customers were left without power because of blackouts, national conversations took a familiar and predictable turn down partisan lines. Opponents of renewable energy pointed the finger at the state’s robust wind energy, as roughly half the state’s wind capacity was knocked offline. Others cast the blame on traditional thermal sources, as 30 GW of generation from nuclear, coal and natural gas were unavailable for dispatch.
In the fog of war or winter as it were we fear many observers may have missed the real point. It wasn’t an electricity source that failed customers in Texas’ mostly deregulated marketplace. It was an electricity system. That’s because while regulated electricity markets are designed to serve customers, deregulated electricity markets are made to serve power providers.