NEW YORK: Canadian energy retailer Just Energy Group Inc revealed a big loss from the Texas crisis and said it may have trouble continuing as a going concern after last week’s freezing weather cost it about US$250mil.
Just Energy plunged 31% to US$3.96 in New York. The decline hit big-name investors including Pacific Investment Management Co (Pimco), the largest shareholder with a 28.9% stake acquired during a recapitalisation last year. Great Pacific Capital Corp, an investment company controlled by Vancouver billionaire Jim Pattison, owns 1.5%, according to data compiled by Bloomberg.