Cap Rock Energy Corporation Announces Results of Annual Shareholders Meeting
15 Juni 2005 - 2:29AM
PR Newswire (US)
Cap Rock Energy Corporation Announces Results of Annual
Shareholders Meeting MIDLAND, Texas, June 14 /PRNewswire-FirstCall/
-- Cap Rock Energy Corporation (AMEX:RKE) held its Annual
Shareholders meeting on June 14, 2005, at its Stanton Division
Office in Stanton, Texas. Shareholders re-elected Michael Schaffner
and William West. "It is hard to believe that this was our fourth
annual shareholders meeting since becoming a publicly traded
corporation," stated Russell Jones, Co-Chairman of Cap Rock Energy
Corporation. "We continue to be excited about our company and its
future. We have faced many obstacles from those who thought we
would never get to this point, but we are excited to report another
successful year in which we have been able to survive the political
efforts of our detractors to harm us at the PUC while continuing to
create value for our shareholders and continue to provide
impeccable service to our customers." David W. Pruitt, CEO and
Co-Chairman of the Company added, "We saw many changes this year
and overcame numerous hurdles. We were forced to file our first
rate case and we faced challenges from powerful trade organizations
and special interest groups who do not want us to succeed. In our
third year as a public company, we continued to do what we do best:
provide the best service of any electric distribution company at
the lowest possible price. Our stock prices remained strong and we
continued to build value for our shareholders. We will be able to
continue to do this unless the PUC approves the rate decrease
promoted by these special interest groups. If the PUC adopts the
previous recommendations for a rate decrease, we may be unable to
continue this type of performance in the near future. While we will
do everything possible to provide the exemplary customer service we
are known for and that our customers have come to expect, decreases
in our rates forced upon us by the PUC could result in us having to
cut costs that could affect the reliability of our service. As
always though, we will fight to do what is in the best interests of
our shareholders, customers and employees." Cap Rock Energy
supplies electricity to over 35,000 meters in counties throughout
Texas. Its corporate office is located in Midland, Texas with
service divisions in Stanton, Colorado City, Brady and Celeste. It
also manages a municipal electric system in the City of
Farmersville. Any statements made in this release that are not
historical facts are forward-looking statements intended to be
covered by the safe harbor provisions of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Because forward-looking statements involve risks and
uncertainties, actual results may differ materially from current
results expected by the Company. The Company is providing this
information as of June 14, 2005, and expressly disclaims any duty
to update any forward-looking statements in this release, whether
as a result of new information or future events. DATASOURCE: Cap
Rock Energy Corporation CONTACT: Ronnie Lyon, VP-General Counsel of
Cap Rock Energy Corporation, +1-903-813-0377, or Web site:
http://www.caprockenergy.com/
Copyright
Cap Rock Energy (AMEX:RKE)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Cap Rock Energy (AMEX:RKE)
Historical Stock Chart
Von Jun 2023 bis Jun 2024
Echtzeit-Nachrichten über Cap Rock Energy Corp (Amerikanische Börse): 0 Nachrichtenartikel
Weitere Cap Rock Energy Corp News-Artikel