MIDLAND, Texas, March 1 /PRNewswire-FirstCall/ -- Cap Rock Energy Corporation today announced that Melissa D. Davis has been appointed Vice President, Controller and Chief Accounting Officer, effective immediately. Ms. Davis holds a BBA in Accounting from Texas Tech University and is a certified public accountant. Prior to joining the Company, she was Vice President-Human Resources of Texas-New Mexico Power Company from February 1999 to June 2005, Vice President-Customer Operations from March 1997 to February 1999, and Controller and Chief Accounting Officer prior to that. Ms. Davis joined Cap Rock as Controller in December 2005.
Celia B. Page, who had served as interim Chief Accounting Officer, will move as of today to the newly created position of Vice President Special Projects.
"I am delighted to have Melissa join our financial team in a leadership role," stated Will West, President. "Our current regulatory, legal and business environment presents special challenges for our financial team and I am confident that her background and experience will prove invaluable in the months and years ahead. In addition, Ms. Page's financial background and experience with the Company provide us with a unique skill set particularly suited to focusing on special challenges as they arise."
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.
Management believes certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's current expectations, views and assumptions and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations, views and assumptions. The foregoing information should be read in conjunction with Cap Rock Energy's filings with the Securities and Exchange Commission, including, but not limited to, reports on forms 10-K and 10-Q. Cap Rock Energy Corporation does not intend to update or revise these "forward-looking statements" to reflect current or future events or circumstances.
On November 4, 2005, Cap Rock Energy entered into an agreement and plan of share exchange with Cap Rock Holding Corporation. Subject to the terms and conditions set forth in the agreement, Cap Rock Holding Corporation will acquire all the outstanding shares of Cap Rock Energy common stock for $21.75 per share. For more information, please see Cap Rock Energy's public filings with the Securities and Exchange Commission, which are publicly available at http://www.sec.gov/ .
