Just Energy

Company Overview

Here’s the truth about Just Energy: They went bankrupt in 2021—and yes, that matters.

Just Energy is a Canadian company that filed for CCAA protection (Canadian bankruptcy equivalent) after Winter Storm Uri devastated their finances. They restructured and continue operating, but this isn’t ancient history. It was four years ago.

What this means: PUCT requires all REPs to meet financial standards. Just Energy wouldn’t have a license if they couldn’t keep the lights on. But financial instability affects customer service quality, plan availability, and corporate focus. Some customers prefer companies without bankruptcy in their recent past.

Just Energy also owns Amigo Energy (Spanish-focused) and Tara Energy—three brands, same corporate parent. If you’re comparing those against each other, you’re comparing one company against itself.

The Bankruptcy Question

In 2021, Just Energy filed for creditor protection after the Winter Storm Uri crisis. They emerged from restructuring, but what does this mean for customers?

The good news: PUCT requires all REPs to maintain financial standards. Your electricity service won’t disappear. If Just Energy ever failed completely, you’d be transferred to another provider automatically.

The concern: Financial instability can affect customer service quality, plan availability, and corporate focus on retail customers vs. creditor obligations.

Plan Options

Just Energy offers:

Long-term fixed rates: Up to 60-month contracts—longer than most competitors offer. Good for rate stability if you plan to stay put.

Green plans: JustGreen products offer 100% renewable energy with various carbon offset add-ons.

Variable plans: Month-to-month options available.

Where Just Energy Operates

Just Energy serves all major deregulated Texas markets:

• Dallas–Fort Worth through Oncor
• Houston through CenterPoint
• Corpus Christi through AEP Texas
• Various TNMP territories

The Just Energy Brands

Just Energy operates multiple brands in Texas:

• Just Energy: Main brand, standard plans
• Amigo Energy: Spanish-language focused
• Tara Energy: Another retail brand

Same parent company, different marketing approaches.

The Bottom Line

Just Energy is a legitimate electricity company that delivers reliable service. The bankruptcy history is worth knowing but shouldn’t necessarily be disqualifying—they restructured and continue operating.

If you value 5-year rate locks or comprehensive green programs, Just Energy offers things competitors don’t. If you want a company with cleaner financial history, TXU, Reliant, or Gexa might feel safer.