In June 2003, the Toronto Star reported that both Direct Energy and the Ontario Energy Savings Corp., a subsidiary of the Energy Savings Income Fund, had been charged with fraud as a result of its agents having forged energy contracts, and had been fined. Just Energy settled each of these cases, paying large fines and promising to change its sales practices. The complaints led to a consumer fraud lawsuit filed by the state of Illinois, and investigations in New York, Ohio, and Canada. from consumers saying they were misled into signing up with Just Energy, and instead of saving money on their monthly bills as advertised, the cost went up. San Francisco's KPIX-TV news reported in June 2013 that there had been tens of thousands of complaints across the U.S. Controversies įormer Enron executives James Lewis and Deborah Merril were Just Energy's senior executive, president, and Co-CEOs since 2007. In August 2011, Just Energy announced a deal to acquire Fulcrum Retail Holdings LLC, a privately held electricity provider operating in Texas. In May 2010, Just Energy acquired Hudson Energy Group, an energy marketer in the U.S. From that acquisition, Just Energy gained National Home Services. The company completed the acquisition of Toronto-based direct energy marketer Universal Energy Corporation on July 1, 2009.
In April 2010, the company expanded its marketing distribution channel and launched a new network marketing arm under the brand, Momentis.
The company incorporated in 2011 and was renamed Just Energy Group. Energy Savings, Ontario Energy Savings, Alberta Energy Savings to Just Energy Income Fund across all of its Canadian and U.S. In 2009, the company undertook a rebranding campaign from Energy Savings Income Fund and U.S. The Just Energy Group's portfolio includes Amigo Energy and Tara Energy, which both serve the Texas market and TerraPass, a California-based carbon offsetting business. Just Energy supplies natural gas and/or electricity in Alberta, British Columbia, Manitoba, Ontario, Quebec, and Saskatchewan in Canada California, Delaware, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, and Texas in the United States and in Germany, Ireland and Japan. The company derives its margin or gross profit from the difference between the price at which it is able to sell the commodities to its customers and the related price at which it purchases the associated volumes from its suppliers. Just Energy's business involves the sale of natural gas and/or electricity supply to residential and commercial customers under long term fixed price, price-protected or variable-priced contracts and green energy products. In 2016, Just Energy further expanded with operations in Germany, followed by Ireland in 2017. In October 2013, the company expanded into the UK residential market under the Green Star Energy brand, but in October 2019 it agreed to sell Green Star's customers (around 200,000 in number) to Shell Energy. Just Energy entered the United Kingdom commercial energy market in July 2012 under its Hudson Energy UK brand. The company was listed and began trading on the New York Stock Exchange on Janu(NYSE:JE) and celebrated its 20-year anniversary in the energy industry in May 2017. Just Energy is a publicly traded company (TSX:JE, NYSE:JE) and serves 4.5 million customers collectively under its affiliate companies Just Energy, Hudson Energy, Commerce Energy, Tara Energy, Amigo Energy, Momentis and Hudson Energy Solar.
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