| Business Summary | | RGC
Resources,
Inc.
was
initially
incorporated
for
the
primary
purpose
of
becoming
the
holding
company
for
Roanoke
Gas
Company
(Roanoke
Gas)
and
its
former
subsidiaries,
Bluefield
Gas
Company
(Bluefield)
and
Diversified
Energy
Company
(Diversified).
After
a
Company
reorganization,
Resources
became
the
holding
company
owned
by
the
former
shareholders
of
Roanoke
Gas;
became
the
sole
owner
of
the
stock
of
Roanoke
Gas,
Bluefield
and
Diversified;
Commonwealth
Public
Service
Corporation,
a
former
subsidiary
of
Bluefield,
merged
its
natural
gas
distribution
business
into
Roanoke
Gas;
Roanoke
Gas
and
Bluefield
continue
to
operate
in
the
natural
gas
distribution
business
as
subsidiaries
of
Resources,
and
Diversified
continues
to
carry
on
its
non-utility
propane
business
as
a
subsidiary
of
Resources. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RGC
Resources
a
holding
Co.
distribute
natural
gas
and
propane
to
Roanoke
and
Salem
VA
and
Bluefield
WV
through
its
three
subsidiaries:
Roanoke
Gas
Co.,
Bluefield
Gas
Co.,
and
Diversified
Energy.
For
the
nine
months
ended
6/30/01,
revenues
increased
63%
to
$104.6
million.
Net
income
fell
less
than
1%
to
$3.5
million.
Results
reflect
higher
gas
revenues
due
to
higher
natural
gas
deliveries.
Net
income
was
offset
by
higher
gas
utility
cost
of
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Frank Farmer, Jr., 68 Chairman | -- | John Williamson, III, 46 Pres,
CEO | $193K | John D'Orazio, 40 Pres
& COO - Diversified Energy Company | -- | Arthur Pendleton, 49 Pres
& COO - Roanoke Gas | 137K | Roger Baumgardner, 58 VP,
Sec. and Treasurer | -- | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|