Greg Noval, who founded and ran Canadian 88 Energy Corp. for 14 years only to be ousted last year when Duke Energy Corp. bought a 20% stake in the company, now faces not only being kicked off the board of directors but also a C$150 million lawsuit filed against him last week by Canadian 88, which alleges Noval breached his fiduciary duties as a director for attempting a hostile takeover. The lawsuit seeks C$140 million in damages for Noval’s breach of fiduciary duty and C$10 million in general damages.
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Ohio Gas Retailer Ousted for Delivery Failure
Columbia Gas of Ohio said it had no other choice but toterminate Energy Max of Northeast Ohio from participation in itsCustomer Choice program after the gas supplier failed to delivergas to Columbia for transportation to Energy Max’s 8,000 OhioChoice customers for the majority of August. As supplier of lastresort, Columbia picked up the slack using its own natural gassupply.
September 11, 2000
Ohio Retailer Ousted for Delivery Failure
Columbia Gas of Ohio said it had no other choice but toterminate Energy Max of Northeast Ohio from participation in itsCustomer Choice program after the gas supplier failed to delivergas to Columbia for transportation to Energy Max’s 8,000 OhioChoice customers for the majority of August. As supplier of lastresort, Columbia picked up the slack using its own natural gassupply.
September 11, 2000
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