Cap Rock Energy (AMEX:RKE)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Cap Rock Energy Charts. Click Here for more Cap Rock Energy Charts.](/p.php?pid=staticchart&s=A%5ERKE&p=8&t=15)
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/