March 9 (Reuters) - Just Energy Group Inc JE.TO :
* FOLLOWING UNPRECEDENTED WINTER STORM IN TEXAS, JUST ENERGY FILES FOR RELIEF UNDER CCAA IN CANADA AND CHAPTER 15 IN U.S. AND HAS ARRANGED US$125 MILLION DEBTOR IN POSSESSION FINANCING
* JUST ENERGY GROUP INC - STAY OF PROCEEDINGS IN FAVOUR OF JUST ENERGY HAS AN INITIAL TERM OF 10 DAYS, SUBJECT TO EXTENSION AS COURT DEEMS APPROPRIATE
* JUST ENERGY - FILINGS ENABLE CO TO CONTINUE ALL OPERATIONS WITHOUT INTERRUPTION THROUGHOUT U.S. AND CANADA, CONTINUE MAKING PAYMENTS REQUIRED BY ERCOT
* JUST ENERGY GROUP INC - FILINGS HAVE NO IMPACT ON CUSTOMER BILLS
* JUST ENERGY GROUP - FILINGS ARE RESULT OF CORRESPONDING CHARGES FROM ERCOT CURRENTLY TOTALING OVER US$250 MILLION THAT JUST ENERGY MUST PAY IN NEAR TERM
* JUST ENERGY - RECEIVED A STAY OF PROCEEDINGS AND OTHER PROTECTIONS PROVIDED BY CCAA IN ORDER TO PROVIDE CO WITH BREATHING ROOM TO PURSUE ALTERNATIVES
* JUST ENERGY GROUP INC - TOTAL FINANCIAL IMPACT MAY CHANGE DUE TO ERCOT RESETTLEMENTS, POTENTIAL ORDERS OF PUBLIC UTILITY COMMISSION
* JUST ENERGY GROUP - CO'S LARGEST COMMODITY SUPPLIERS HAVE AGREED TO CONTINUE TO SUPPORT CO WITH COMMODITY SUPPLY AND ISO SERVICES