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Nevada Power Company Declares Common Dividend

    LAS VEGAS, July 1 /PRNewswire/ -- Nevada Power Company's (NYSE: NVP) Board
of Directors has declared a dividend of 25 cents per share on the common stock
of the Company, payable within 14 days to all shareholders of record on the
closing date of the merger with Sierra Pacific Resources, which is presently
scheduled for July 28, 1999.
    The Company's stock is listed on the New York Stock Exchange and on the
Pacific Exchange under the symbol "NVP".
    Nevada  Power Company provides  electricity and energy services to more
than 1.4 million residents of Las Vegas and southern Nevada and is the
nation's fastest-growing electric utility.  Nevada Power Company can be found
on the World Wide Web at http://www.nevadapower.com.


SOURCE Nevada Power Company




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Related links:
  • http://www.nevadapower.com
    Company News On-Call:
  • http://www.prnewswire.com/comp/604296.html or fax,
    800-758-5804, ext. 604296
    CONTACT:
    Media Contact: Sonya Headen, 702-367-5680;
    Investor Information: Lauran Watson 702-367-5610, both of Nevada
    Power Company