Just Energy

About Just Energy

Just Energy is a North American competitive retail electricity and gas supplier. It was acquired by IGS Energy in July 2025 and continues to operate independently under its existing brands (Just Energy, Hudson Energy, Amigo Energy, Tara Energy).

Ownership timeline

Documented corporate events. Each entry links to a primary source.

1. 1997
   Founded in Ontario as Ontario Energy Savings Corp (later Energy Savings Income Fund). [source]
2. 2011-01-01
   Conversion from Just Energy Income Fund to Just Energy Group Inc., a CBCA corporation, via plan of arrangement. [source]
3. 2021-03-09
   Filed for creditor protection under Canada's CCAA in Ontario Superior Court and Chapter 15 in U.S. Bankruptcy Court SDTX, citing more than US$250 million in unhedged ERCOT charges from Winter Storm Uri. [source]
4. 2022-12-19
   Just Energy announced the closing of the sale transaction and emergence from CCAA under a new ownership group led by PIMCO-affiliated investors; common shares cancelled and the company ceased to be a Canadian reporting issuer. [source]
5. 2025-04-09
   IGS Energy announced an agreement to acquire Just Energy. [source]
6. 2025-07-01
   IGS Energy completed the acquisition; combined company serves ~7.5 million residential customer equivalents. Just Energy continues to operate independently under its existing brands. [source]

Track record

Documented regulatory actions, litigation outcomes, and major corporate events. Each entry is sourced. Pending matters and unresolved allegations are not listed.

• regulatory
  2015-01-06

  Massachusetts Attorney General Assurance of Discontinuance: Just Energy agreed to pay $4 million ($3.8M restitution trust + $200K to the Commonwealth) over allegations of deceptive door-to-door and third-party telemarketer sales tactics. The company agreed not to enroll low-income customers without guaranteed savings, and to use an independent monitor for door-to-door operations in MA. [source]

• restructuring
  2021-03-09

  Filed for CCAA creditor protection in Canada and Chapter 15 in the U.S. Southern District of Texas after Winter Storm Uri exposed the company to more than US$250 million in ERCOT charges. Arranged US$125 million in debtor-in-possession financing. [source]

• litigation
  2025-11-05

  Ontario Superior Court approved a US$25 million insurer-funded securities class-action settlement with Just Energy (court order dated November 5, 2025; notice of settlement issued December 19, 2025), resolving claims tied to Just Energy's August 2019 financial restatement (class period May 16, 2018 to August 14, 2019). [source]

Rate history

Just Energy's lowest fixed and variable rates over time, broken out by territory.