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Canada’s Just Energy said on Tuesday it had applied to voluntarily delist its shares from the Toronto Stock Exchange after the electricity and gas provider filed for bankruptcy last week.
On March 9, the company filed for creditor protection in Canada and said it planned to do the same in the United States owing to massive costs from the Texas deep freeze.
By Reuters Staff
(Updates with background)
March 16 (Reuters) - Canada’s Just Energy said on Tuesday it had applied to voluntarily delist its shares from the Toronto Stock Exchange after the electricity and gas provider filed for bankruptcy last week.
On March 9, the company filed for creditor protection in Canada and said it planned to do the same in the United States due to massive costs from the Texas deep freeze.
It became the second Texas electricity company to take that step in the face of extraordinary electricity charges during the cold snap.
Just Energy said it plans to apply to the TSX Venture Exchange to transition the trading of its common shares from the TSX to the TSX-V.
Updated / Thursday, 4 Mar 2021
18:40
Last month s storm killed dozens of people, left millions without electricity and water and caused billions of dollars in damage
The polar vortex storm that plunged the US state of Texas into chaos continues to reverberate through the state s power grid operator, which fired its chief executive as Congress launched an investigation into its failures.
The cost of last month s storm, which killed dozens of people, left millions without electricity and water and caused billions of dollars in damage has prompted ratings agencies to downgrade the debt of Texas s electric utilities, at least one of which has already filed for bankruptcy.
Texas power grid operator fires CEO after winter storm chaos msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.