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Just Energy Group Inc. Message Board

  • shiftsuper175607 shiftsuper175607 Nov 10, 2013 10:13 PM Flag

    the conference call answer

    Read the total is a part answer...the 4th attempt, the others have been blocked....

    The natural gas and electricity contracts are a noncash item for us. We've sold all of that supply to our customers, whether it's a residential customer or commercial customer, and we'll liquidate the supply contracts and collect revenue from the customer based on the customer contract price.
    So we will have periods of time where we have a massive net income gain, which we did in Q4, or a net income loss, which we do in this quarter. Both of which are meaningless because that supply, we've already sold to a customer. So our focus is very much on FFO and EBITDA, and we recognize that there's a lot of earnings volatility because of the mark-to-market requirement, but it doesn't reflect in any way on the actual economic performance of the business, whether it's positive or negative.

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