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Capp Electric Co history
Capp Electric Co company history timeline
In 1935, the Agricultural Census indicated that less than ten percent of the nation’s 6.8 million farms enjoyed electric power.
By August 1939, an application had been sent to the REA for a project that would involve 500 members and 205 miles of electric lines.
In 1941, Cap Rock instituted group purchasing of various electric appliances for its members, which then totaled about 125.
By 1945, expansion was a realistic prospect, and Cap Rock grew as fast as new lines could be installed.
In June 1947, two-way radio was instituted at Cap Rock, significantly improving safety and efficiency.
Cap Rock’s reach extended to ten counties in west Texas by 1952.
In 1960, the co-op received approval to expand and remodel its headquarters at a cost of $191,415.
Other important developments included Manager O.B. Bryan being named to the board of Texas Electric Cooperatives Inc. (TEC) in 1968.
In 1971, Cap Rock joined other Texas co-op’s in a data processing program that allowed things like capital credit payments and billing to be handled at a data center located in Austin, Texas.
In 1972, the co-op received a certificate of commendation from the National Safety Council when it went 260,446 man-hours without any injuries.
The increased energy costs began in 1974 when TESCO, Cap Rock’s supplier, increased its rates by 15 percent.
In August of 1980, James Eiland was appointed secretary-treasurer of the Association of Texas Electric Cooperatives (TEC) and named to the association’s board of directors.
In 1983, it began allowing customers to pay their bills by credit card.
In 1983, the co-op purchased a former Doctor Pepper bottling plant adjacent to its headquarters and used the area for storage.
The following year, an average payment plan was implemented, followed by a bank draft service in 1985.
He was named CEO of Cap Rock in 1988.
“Cap Rock Co-op to Link with SPS,” Electrical World, November 1993.
“Cap Rock Co-op Becomes Cap Rock IOU,” Electricity Daily, February 23, 2000.
However, the deal—which would have added about 91,500 meters to Cap Rock’s customer base—fell through in March 2001 when Cap Rock could not obtain financing.
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"Cap Rock Energy Corporation ." International Directory of Company Histories. . Retrieved April 16, 2021 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/cap-rock-energy-corporation
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Capp Electric Co competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Huston Electric | 1939 | $127.0M | 100 | 7 |
| ADVANCED ELECTRICAL SYSTEMS, Inc. | 1993 | $40.7M | 2 | - |
| JE Richards Electric | - | $43.0M | 350 | - |
| Power Systems Electric | - | $1.7M | 13 | 2 |
| Cleveland Electric Company | 1925 | $136.6M | 700 | - |
| JMEG Electrical Contractors | 2000 | $210.0M | 900 | - |
| Hill Electric | 1954 | $4.5M | 50 | - |
| Starr Electric | 1928 | $210.0M | 750 | 7 |
| Excel Electric | - | $3.0M | 50 | 17 |
| Frank Electric | - | $3.9M | 50 | - |
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Capp Electric Co may also be known as or be related to Capp Electric Co, Capp Electric Co. and Evelyn Baird Gentry Corporation.