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Direct Energy Resources
Direct Energy , LP
12 Greenway Plaza Ste. 600
About Direct Energy Services-Direct Energy is one of North America's largest energy and energy-related services providers with more than five million residential and commercial customer relationships. Direct Energy operates in 46 states in the United Stat
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Bonterra - Board of Directors
Gary J. Drummond(1)(2)
Mr. Drummond is a private investor and a director of Pine Cliff Energy Ltd.
"You can never say 100 per ...
"You can never say 100 per cent, but it's the next thing to that,'' said Gary Drummond, chairman of Terra Grain Fuels and a former Regina lawyer, in an exclusive interview Tuesday with the Leader-Post.
In the 1990s, Drummond was president and CEO of Direct Energy, a Calgary-based natural gas direct seller.
, which sold natural gas to 1.4 million customers in Canada, was acquired by Centrica
, a U.K. gas utility, for about $900 million in 2000.
, whose family owns farmland south of Regina, said he
began thinking about getting into the ethanol business in February.
"There were two or three of us out there and we got talking about the price of wheat ... and the price of crude oil.
Then we got talking that the pricing dynamics must be very favourable for ethanol.
"From that point on, we got on to a pretty fast track,'' Drummond
former executive vice-president at Direct Energy
, Tim LaFrance, to do due diligence on a proposed ethanol plant.
"I felt we had to assess the business opportunity in the North American context of (ethanol) being an energy commodity,'' Drummond
With ethanol replacing MTBE (methyl tertiary-butyl ether) as an octane enhancer in gasoline in the U.S. and with the federal government's commitment to five-per-cent renewable fuels content in gasoline and diesel in Canada by 2010, the time was right to build an ethanol plant in Saskatchewan, Drummond
I took on the easy part, raising all the money," Drummond
said with a chuckle.
partners -- "family, friends and business associates'' -- will put up the lion's share of the equity.
"It really will provide significant additional demand for wheat in the province,'' Drummond
globeandmail.com: You want a piece of Domi? Buy into this ethanol IPO
The company was founded by Mark Silver and Gary Drummond, two business partners that were behind the creation of Optus Natural Gas Distribution Income Fund in 1996.
...Mr. Silver and Mr. Drummond, who was chief executive officer of Direct Energy, signed non-compete agreements as part of the sale, and are now preparing to re-enter the public markets.
Centrica : Our company : Media centre : Recent Centrica news : News archive : 2000
Gary J Drummond, President of Direct Energy Marketing Limited, said: "Centrica's experience and investment capability will enhance our rapidly-growing operations and allow us to further develop our strategy in North America, at a critical time as more markets are deregulated."
Since its formation in 1997, Centrica
has focussed on developing relationships with its traditional gas customer base, successfully expanding into new products and services.
Baytex Energy Ltd. Announces First Quarter 2003 Results
In this regard, Baytex is pleased to announce that Mr. Edward Chwyl and Mr. Gary J. Drummond, Q.C., have been nominated for election to Baytex's Board of Directors at the upcoming annual general meeting on May 27, 2003.
...Mr. Drummond has a distinguished career in the energy business, including serving as President and CEO of Direct Energy Marketing Limited, a subsidiary of Centrica plc., until the end of 2002.