"We remain cautious about the near-term as challenging market conditions have resulted in mixed results across our portfolio of businesses," Hartwick said, commenting on the outlook for the Company. "While these conditions persist, our growth and the resultant growth of our embedded margin indicate that Just Energy's future is bright. As in the past, we have adjusted our business model to market reality and are working to ensure that customer and margin growth lead to bottom line results. Strategic investment today will lead to a stronger balance sheet and higher returns in the coming years."
The Company will host a conference call and live webcast to review the third quarter results beginning at 8:30 AM eastern daylight time on Friday February 8, 2013 followed by a question and answer period. Those who wish to participate in the conference call may do so by dialing (866) 200-6965 and entering pass code 93743454#. The call will also be webcast live over the internet at the following link: http://event.onlineseminarsolutions.com/r.htm?e=571721&s=1&k=D89F120F34C16CBA5AFFDCF5F4FE57C2.
About Just Energy Group Inc.
Established in 1997, Just Energy is primarily a competitive retailer of natural gas and electricity. With offices located across the United States, Canada and the United Kingdom, Just Energy serves close to 2 million residential and commercial customers (4.3 million RCEs) through a wide range of energy programs and home comfort services, including fixed-price or price-protected energy program contracts, the rental of water heaters, furnaces and air conditioners and the installation of solar panels. The Company's JustGreen®products provide consumers with the ability to help them reduce the environmental impact of their everyday energy use. Just Energy is the parent to Amigo Energy, Commerce Energy, Hudson Energy, Hudson Energy Solar, National Home Services, Momentis, Tara Energy and Terra Grain Fuels.
Just Energy's press releases may contain forward-looking statements including statements pertaining to customer revenues and margins, customer additions and renewals, customer attrition, customer consumption levels, general and administrative expenses, dividends, distributable cash and treatment under governmental regulatory regimes. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated. These risks include, but are not limited to, levels of customer natural gas and electricity consumption, rates of customer additions and renewals, rates of customer attrition, fluctuations in natural gas and electricity prices, changes in regulatory regimes and decisions by regulatory authorities, competition and dependence on certain suppliers. Additional information on these and other factors that could affect Just Energy's operations, financial results or dividend levels are included in Just Energy's annual information form and other reports on file with Canadian securities regulatory authorities which can be accessed through the SEDAR website at www.sedar.com, on the U.S. Securities Exchange Commission's website at www.sec.gov or through Just Energy's website at www.justenergygroup.com.
Neither the Toronto Stock Exchange nor the New York Stock Exchange has approved nor disapproved of the information contained herein.
Just Energy Group Inc.
Ms. Beth Summers, C.A.
Chief Financial Officer
Most Popular Stories
- Aetna Leaving California's Individual Health Insurance Market
- MillerCoors Taps New Hispanic Ad Agency
- Calories Count: Starbucks to Post the Numbers on Menu Boards
- Honda Says Sorry About the Lack of Electric Fits
- What Will Happen When Quantitative Easing Ends?
- Comcast Takes a Stake in a YouTube Content Provider
- OSH Selling Most of Its Stores to Lowe's
- Charitable Giving Sees Encouraging Growth
- Katy Perry: Learned About Divorce Via Text Message
- Is Stock Balloon Really a Pinata?