The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Subscribers Only

New financing stops bleeding at Just Energy

The uncertainty surrounding Just Energy Group Inc.’s dividend is dissipating after Canada Pension Plan Investment Board stepped in as a saviour.

The retailer of natural gas and electricity is borrowing $105-million from CPPIB at a coupon of 9.75 per cent, and will pay the money back in five and a half years. Without the emergency funding, no one knew how Just Energy would pay its rich dividend in the near future.