Cap Rock Energy Corporation Announces New Procedural Schedule in Rate Proceeding
02 July 2004 - 3:00AM
PR Newswire (US)
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
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