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Retail Supplier To Acquire Just Energy
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IGS Energy announced that it has signed an agreement to acquire Just Energy
The combined company will serve 7.5 million residential customer equivalents (RCEs)
"Just Energy will continue to operate independently under its existing brands and maintain its proven operating model," the companies said
"This strategic deal offers both companies substantial opportunities to use their strengths in expanding customer offerings," the companies said
"The acquisition of Just Energy allows IGS Energy to significantly expand its footprint in the ERCOT (Texas) market, a region of long-standing interest to IGS Energy, while also further strengthening its presence in PJM markets," the companies said
"Just Energy's 'plug and play platform' will allow the company to operate independently from Day 1. This flexibility reinforces IGS Energy's commitment to preserving the autonomy of Just Energy's operations, which have been a key driver of its success," the companies said
Scott White, president and CEO of IGS Energy, stated, "Just Energy's highly successful origination channels, marquee retail relationships, and deep industry expertise are complementary to our current capabilities and open new opportunities for growth, particularly in Texas."
Just Energy's brands include Just Energy, Hudson Energy, Amigo Energy and Tara Energy.
IGS currently serves over 5 million residential and commercial customer equivalents (RCEs).
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April 9, 2025
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Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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