PROFILE |
 |
The namesake of an escarpment dividing the Texas High Plains from the Low Rolling Plains, Cap Rock Electric distributes power to about 34,000 customers in 31 Texas counties. Rather than owning generation facilities, Cap Rock buys power wholesale through long-term contracts. Cap Rock has agreed to acquire the Arizona and Vermont electric distribution businesses of Citizens Utilities, which will add more than 90,000 customers. Besides distribution, Cap Rock also provides installation and other electric services. Cap Rock Energy was formed in 1999 as a subsidiary of Cap Rock Electric Cooperative, which was founded in 1939. The cooperative has been liquidated by the transfer of its assets to the corporation.
COMPETITION |
 |
Brazos Electric Power Cooperative, Inc. (dossier)
El Paso Electric Company (EE)
TXU Corp. (TXU)
|
 |
FINANCIAL OVERVIEW |
 |
Fiscal Year-End: March
2000 Sales (mil.): 57.10
1-Yr. Sales Growth: 2.8%
Employees: 101
Revenue per employee: $565,346.53
KEY PEOPLE |
 |
David W. Pruitt
CEO
John D. Parker
CFO
CONTACT INFO |
 |
500 W. Wall St., Ste. 400
Midland, TX 79701
US
Phone: 915-683-5422
Fax: 915-756-2866
Online: Web Site
|