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Just Energy Group - Court Orders

The following Court Orders have been granted in the proceedings:

 Order (Stay Extension and Other Relief) September 15, 2021
This Order provides certain relief that includes, among other things:
a) Extending the Stay Period to December 17, 2021;
b) Approving certain adjustments to the Key Employee Retention Plan;
c) Authorizing the Just Energy Entities to enter into blocked account control agreements with respect to new bank accounts opened in the ordinary course of business subject to relevant agreements, Court orders and provisions; and
d) Approving the Monitor's activities, conduct, and fees and disbursements, and the fees and disbursements of its Canadian and U.S. legal counsel;

 
 Claims Procedure Order September 15, 2021
This Order provides certain relief that includes, among other things:
a) Approving the Claims Process for the Just Energy Entities;
b) Establishing the Claims Bar Date of 5:00 p.m. (Toronto time) on November 1, 2021 and Restructuring Period Claims Bar Date; and
c) Authorizing the Monitor, Omni Agent Solutions as the Claims Agent, and the Claims Officer to perform their respective obligations under the Claims Procedure Order.

 
 Endorsement September 15, 2021
This email endorsement of the Honourable Justice Koehnen was issued in regards to the Claims Procedure Order and Order (Stay Extension and Other Relief) granted on September 15, 2021.

 
 Endorsement May 26, 2021
The email endorsement of the Honourable Justice Koehnen issued on May 26, 2021 regarding the Second Amended and Restated Initial Order and the Order (Stay Extension & Other Relief).

 
 Second Amended and Restated Initial Order May 26, 2021
The Second Amended and Restated Initial Order (amending the Initial Order dated March 9, 2021, as amended and restated on March 19, 2021) provides certain relief and amendments that include, among other things:
a) Expanding the definition of "Qualified Commodity/ISO Supplier" in the Amended & Restated Initial Order, granted March 19, 2021 ("ARIO") to include counterparties to a Commodity Agreement or ISO Agreement (each as defined in the ARIO) executed after March 9, 2021;
b) Limiting the number of Qualified Support Agreements to eight;
c) Amending the definition of "Commodity Agreement" to include contracts entered into for protection against fluctuations in U.S. dollar to Canadian dollar foreign currency exchange rates related to certain customer obligations; and
d) Permit a Qualified Commodity/ISO Supplier, unless otherwise ordered by the Court, to terminate its Commodity Agreement and Qualified Support Agreement entered into after May 26, 2021 without obtaining Court authorization in certain limited circumstances.

 
 Order (Stay Extension & Other Relief) May 26, 2021
This Order provides certain relief that includes, among other things:
a) Extending the Stay Period (as defined in paragraph 17 of the Amended and Restated Initial Order dated March 19, 2021 (the "ARIO")) to September 30, 2021;
b) Relieving the Applicant Just Energy Group Inc. ("Just Energy") of any obligation to call an annual meeting of shareholders until further Order of this Court; and
c) Authorizing certain intercompany payments of pre-filing intercompany indebtedness, including interest, to ensure sufficient working capital is held by each Canadian Just Energy Entity (as defined within) to fund its ongoing operations within these proceedings under the Companies' Creditors Arrangement Act, RSC 1986 c C-36 (the "CCAA").

 
 Amended and Restated Initial Order March 19, 2021
The Amended and Restated Initial Order provides certain relief that includes, inter alia:
a) Increasing the Administration Charge to $3 million, the FA Charge to $8.6 million, and the Directors' Charge to $44.1 million;
b) Approving the proposed key employee retention plan and granting a Court-ordered charge as security for payments under the retention plan;
c) Authorizing the Applicants to, with the consent of the Monitor, provide cash collateral to third parties and to grant security interests in favour of the collateral recipients;
d) Authorizing the payment of certain bonuses pertaining to the quarter ended December 31, 2020; and
e) Extending the Stay Period until and including June 4, 2021.

 
 Endorsement March 19, 2021
The email endorsement of the Honourable Justice Koehnen issued on March 19, 2021 regarding the Amended and Restated Initial Order.

 
 Endorsement March 9, 2021
The endorsement of the Honourable Justice Koehnen issued on March 9, 2021 regarding the Initial Order.

 
 Initial Order March 9, 2021
The Initial Order provides certain relief, inter alia, a stay of proceedings against the Just Energy Group until and including March 19, 2021.

 

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