Cap Rock Energy (AMEX:RKE)
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Cap Rock Energy Corporation Announces New Procedural Schedule in
Rate Proceeding
MIDLAND, Texas, July 1 /PRNewswire-FirstCall/ -- Cap Rock Energy Corporation
(AMEX:RKE) announced the procedural schedule for the rate case it filed with
the Public Utility Commission of Texas (PUCT) has been amended. The final
hearing, which was originally scheduled for July 6, 2004, has been rescheduled
for October 2004. The PUCT was originally expected to issue a final order by
the end of 2004. The Company anticipates that the PUCT will issue a final
order by the end of the first quarter of 2005.
The Company agreed to a revised procedural schedule, which included a delayed
hearing date, to allow all parties more time to prepare for the hearing. "We
believe this revised schedule will allow us additional time to respond to the
massive number of discovery requests we have received from opposing
intervenors. It will also enable us to gather additional information which the
PUCT staff can use to more accurately evaluate our filing," stated Ronnie Lyon,
Vice-President and General Counsel for the Company.
Cap Rock Energy supplies electricity to over 34,000 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 for the City of Farmersville.
All statements, other than statements of historical fact included in this news
release are forward looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Any such forward looking statements
involve risks and uncertainties. Actual results, performance or achievements
of Cap Rock Energy may be different from those expressed or implied in the
forward looking statements.
DATASOURCE: Cap Rock Energy Corporation
CONTACT: Ronnie Lyon, VP-General Counsel of Cap Rock Energy Corporation,
+1-903-813-0377, or