Cap Rock Energy Announces Extension of Bank Financing
25 September 2004 - 8:05AM
PR Newswire (US)
Cap Rock Energy Announces Extension of Bank Financing MIDLAND,
Texas, Sept. 24 /PRNewswire-FirstCall/ -- Cap Rock Energy
Corporation (AMEX:RKE) today announced that its transmission
affiliate has entered into an agreement with Beal Bank, S.S.B
("Beal Savings Bank") to extend the due date of the initial advance
of funds of $14,169,000, which was originally due September 9,
2004. The parties have entered into an extension of that initial
advance through September 30, 2004. The Company currently believes
that it will be able to obtain additional extensions if needed. Cap
Rock Energy provides electric distribution services to over 35,000
meters in 28 counties in Texas. Its corporate office is located in
Midland, Texas, with service divisions in Stanton, Colorado City,
Brady and Celeste, Texas. The Company also provides management
services to the Farmersville Municipal Electric System. The
Company's predecessor, Cap Rock Electric Cooperative, Inc., was
incorporated as an electric cooperative in the State of Texas in
1939. 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 and 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: Valerie Newsom of Cap Rock Energy Corporation,
+1-432-684-0301, Email:
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