LAS VEGAS, March 24 /PRNewswire/ -- The Public Utilities Commission of
Nevada (PUCN) today finalized separate orders allowing Nevada Power Company, a
wholly owned subsidiary of Sierra Pacific Resources (NYSE: SRP), to increase
general rates by approximately $45 million and to recover approximately
$169 million in deferred energy and fuel costs as well as conservation
programs, which will be collected over the next several years.
The company had originally sought a $133 million general rate increase and
to recover $173 million in deferred energy and fuel costs as well as
conservation programs.
Headquartered in Nevada, Sierra Pacific Resources is a holding company
whose principal subsidiaries are Nevada Power Company, the electric utility
for most of southern Nevada, and Sierra Pacific Power Company, the electric
utility for most of northern Nevada and the Lake Tahoe area of California.
Sierra Pacific Power Company also distributes natural gas in the Reno-Sparks
area of northern Nevada. Other subsidiaries include the Tuscarora Gas
Pipeline Company, which owns 50 percent interest in an interstate natural gas
transmission partnership and several unregulated energy services companies.
SOURCE Nevada Power Company
 back to top
CONTACT:
media, Andrea Smith, +1-702-367-5683, or
analysts, Vicki Erickson, +1-775-834-5646, both of Nevada Power
Company
|
