Cap Rock's Expansion Costly For Odessa Area Co op
Cap Rock, once a rural electric cooperative serving the Odessa Midland area, pursued national growth in the 1990s. The strategy led to $7.2 million in losses from 2001 to 2002 and a $1.4 million loss in attempting to take Lamar County Electric Cooperative. Despite losses, officers and directors awarded themselves over $1 million in bonuses funded by revolving credit. The lender ceased guarantees in 2001, prompting new loans and equity issuance to convert to investor ownership. Litigation costs to customers total about $4 million, with opposition from groups including St. Lawrence Cotton Growers Association, Texas Farm Bureau, and others.
MENTIONED IN THIS ARTICLE
Page 1A Rock
Cap Rock
Odessa-Midland
Lamar County Electric Cooperative
North
Texas
West
Energy price runup spurs exploration in Delaware Basin
Oldham notes sustained energy price rise while Brady sees brokers active in Culberson County for mineral rights ahead of deep gas drilling in Barnett Shale. Burns of the Permian Basin Petroleum Association cites Dawson Geophysical's Midland plan to add seismic rigs and staff as sign of optimism. He warns years of increased activity needed before prices drop from recent highs.
MENTIONED IN THIS ARTICLE
Oldham
Brady
Culberson County
Delaware Basin
Morris Burns
Permian Basin Petroleum Association
Dawson Geophysical of Midland
Dawson
Midland
Burns
West Texas
Baghdad slum residents reflect on postinvasion life and vote
In Sadr City and across Baghdad, residents face higher rents and job hardship while celebrating a free election that empowered public criticism. Al-Eiby ferries people to Basra as looters and insurgents turn roads deadly. Balasim sees salary cuts after the Nuclear dismantling era, yet views the vote as a path to self-rule as 8 million Iraqis cast ballots for a 275 member National Assembly.
MENTIONED IN THIS ARTICLE
City
Baghdad
Al-Eiby
Basra
Iraq
Sadr City
Balasim
United States
Science and Technology Ministry
Suspect admits killing Jessica Lunsford in Florida case
Sheriff says John Evander Coney a 46 year old registered sex offender confessed Friday to kidnapping and killing 9 year old Jessica Lunsford who vanished from her bedroom over three weeks ago He led investigators to where the body could be found after a polygraph test and apologized for wasting time as officers searched near the home of a half sister 150 yards away authorities said no body had been recovered by Friday.
MENTIONED IN THIS ARTICLE
Homosassa
Fla
John Evander Coney
Jessica Lunsford
Citrus County
Jeff Dawsy
Dawsy
Couey
Jessica
Lunsford
Also Mentioned on This Page
Cap
Exploration
Sprint
PCS
Vision
Audiovox
Sprint Pcs
Samsung
Actate
Ruidoso
Sprintpcs.com
Santa Fe Shopping Center
East 42Nd St
K Midland Plaza
Midland Mall
N. Midkiff
Mos
Espasio
Penasco Valley Telecom
N. Grimes
Big Spring
Wireless Depot
S. Birdwell Ln. Ste
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