RGC Resources Inc. Announces Board and Executive Appointments
January 31, 2012 at 07:30 pm IST
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RGC Resources Inc. announced election of Directors at its shareholders meeting held on January 30, 2012. Shareholders approved the election of Maryellen F. Goodlatte, Attorney and Principal in the law firm of Glenn, Feldman, Darby & Goodlatte, and George W. Logan, Principal, Pine Street Partners, LLC to the Board of Directors for three-year terms. At a meeting of the Board of Directors, following the annual shareholders meeting, John B. Williamson, III was elected Chairman of the Board, President, CEO and CFO of RGC Resources Inc. and its subsidiary companies. The Board of Directors also elected the following senior officers: Dale P. Lee, Vice President and Secretary of RGC Resources Inc. and its subsidiary companies; Howard T. Lyon, Treasurer of RGC Resources Inc. and its subsidiary companies; Robert L. Wells, II, Vice President, Information Technology and Assistant Secretary/Assistant Treasurer of RGC Resources Inc., and its subsidiary companies; John S. D'Orazio, Vice President and COO of Roanoke Gas Company and certain affiliated companies.
RGC Resources, Inc. is an energy services company. It is primarily engaged in the sale and distribution of natural gas to residential, commercial and industrial customers in Roanoke, Virginia, and the surrounding localities, through its subsidiary, Roanoke Gas Company (Roanoke Gas). Roanoke Gas also provides certain unregulated services. Roanoke Gas maintains an integrated natural gas distribution system to deliver natural gas purchased from suppliers to residential, commercial, and industrial users in its service territory. Roanoke Gas owns and operates about six metering stations through, which it measures and regulates the gas being delivered by its suppliers. These stations are located at various points throughout its distribution system. Roanoke Gas owns a liquefied natural gas storage facility located in its service territory that has the capacity to store up to 200,000 dekatherms (DTH) of natural gas. It has approximately 1,168 miles of transmission and distribution pipeline.