http://www.mysanantonio.com/sharedcontent/APStories/stories/D88V8JJ04.htmlAccording to testimony presented to a panel of three administrative judges last week in Austin, Midland-based Cap Rock Energy Corp. paid for trips to Bermuda, the Caribbean, Arizona and Colorado for its chief executive officer, David Pruitt and his wife, even though the company was suffering operating losses and looking to increase rates.
Cap Rock also paid for the use of a private jet for other executives and spent more than $16,000 on questionable hotel expenses.
The company also made headlines in 2003, after revelations that it received exclusive, behind-the-scenes help from then-state Rep. Tom Craddick, before he became speaker of the Texas House.
Craddick, R-Midland, also accepted more than $10,000 in a deal with a Cap Rock subsidiary, and was offered a position on the company's board. Craddick declined the board position and has downplayed his involvement with the company.