RENO, Nev., July 14 /PRNewswire/ -- Sierra Pacific Resources (NYSE: SRP)
today announced the formation of their new board of directors to lead the
merged companies of Sierra Pacific and Nevada Power Co. (NYSE: NVP; PSE). The
combined entity will be named Sierra Pacific Resources.
The new board, comprised of members from both companies' boards, will
assume their duties on July 28, the expected closing date of the merger
between the two Nevada utilities. They include:
Michael R. Niggli, Chairman and CEO of Sierra Pacific Resources.
Malyn K. Malquist, President and COO of Sierra Pacific Resources.
Edward P. Bliss, Consultant, Scudder Kemper Investment Co.,
retired partner, Loomis Sayles & Company, Inc.
Mary Kaye Cashman, CEO and Vice Chair of the Board of Cashman
Equipment Company.
Mary Lee Coleman, President of Coleman Enterprises.
Krestine M. Corbin, President and CEO of Sierra Machinery, Inc.
T.J. Day, Senior Partner, Hale Day Gallagher Co.
James R. Donnelley, Vice Chairman of the Board, R.R. Donnelley
& Sons Company.
Fred D. Gibson, Jr., Retired Chairman and Director of American
Pacific Corporation.
John L. Goolsby, Retired President and CEO of The Howard Hughes
Corporation.
Jerry E. Herbst, CEO of Terrible Herbst, Inc.
James L. Murphy, CPA, Retired Partner and Consultant to
Grant Thornton, L.L.P.
John F. O'Reilly, Chairman and CEO of Keefer, O'Reilly,
Ferrario & Lubbers.
Dennis E. Wheeler, Chairman, President and CEO of Coeur d'Alene
Mines Corporation.
The new Sierra Pacific Resources will have a market capitalization of
approximately $2 billion. The merged companies will serve more than 800,000
electric customers throughout Nevada and parts of northeastern California,
plus serve more than 100,000 natural gas and more than 65,000 water customers
in the Reno-Sparks metropolitan area.
Editor's Note: Today's news release is available on the Internet at:
http://www.sierrapacific.com/whatsnew/releases
http://www.nevadapower.com/investors/npcnewsframe.html
SOURCE Nevada Power Company
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Related links:
http://www.nevadapower.com/investors/npcnewsframe.html
Company News On-Call:
http://www.prnewswire.com/comp/604296.html or fax,
800-758-5804, ext. 604296
CONTACT:
Media: Faye I. Andersen, 775-834-4822, or
Investors: Richard Atkinson, 775-834-4358, both of Sierra
Pacific; or Media: Sonya Headen, 702-367-5680, or Investors:
Lauran M. Watson, 702-367-5610, both of Nevada Power
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