-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KdhRp1hMzFDxUup7CkPZ+lnSNM/rqcwSTOLeTCXOoZSzfUonWULX1bg9zdkAOd3Z MqqEHw7bT7P3vyPwejrEuQ== 0000741508-07-000020.txt : 20070323 0000741508-07-000020.hdr.sgml : 20070323 20070323170737 ACCESSION NUMBER: 0000741508-07-000020 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070322 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070323 DATE AS OF CHANGE: 20070323 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIERRA PACIFIC RESOURCES /NV/ CENTRAL INDEX KEY: 0000741508 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 880198358 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08788 FILM NUMBER: 07715912 BUSINESS ADDRESS: STREET 1: PO BOX 30150 STREET 2: 6100 NEIL RD CITY: RENO STATE: NV ZIP: 89511 BUSINESS PHONE: 7758344011 MAIL ADDRESS: STREET 1: P O BOX 30150 STREET 2: 6100 NEIL ROAD CITY: RENO STATE: NV ZIP: 89511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIERRA PACIFIC POWER CO CENTRAL INDEX KEY: 0000090144 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 880044418 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00508 FILM NUMBER: 07715913 BUSINESS ADDRESS: STREET 1: 6100 NEIL RD STREET 2: P O BOX 10100 CITY: RENO STATE: NV ZIP: 89520-0400 BUSINESS PHONE: 7758344011 MAIL ADDRESS: STREET 1: 6100 NEIL ROAD STREET 2: P.O. BOX 10100 CITY: RENO STATE: NV ZIP: 89520 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEVADA POWER CO CENTRAL INDEX KEY: 0000071180 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 880045330 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-52378 FILM NUMBER: 07715914 BUSINESS ADDRESS: STREET 1: 6226 W SAHARA AVE CITY: LAS VEGAS STATE: NV ZIP: 89146 BUSINESS PHONE: 7023675000 MAIL ADDRESS: STREET 1: P O BOX 98910 CITY: LAS VEGAS STATE: NV ZIP: 89151 FORMER COMPANY: FORMER CONFORMED NAME: SOUTHERN NEVADA POWER CO DATE OF NAME CHANGE: 19701113 8-K 1 form8-k.htm FORM 8-K Form 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) March 22, 2007


 
 
 
 
 
 
 
Registrant, State of Incorporation, Address of
 
I.R.S. Employer
Commission File
 
Principal Executive Offices and Telephone
 
Identification
Number
 
Number
 
Number
 
 
 
 
 
1-08788
 
SIERRA PACIFIC RESOURCES
 
88-0198358
 
 
Nevada
 
 
 
 
P.O. Box 30150 (6100 Neil Road)
 
 
 
 
Reno, Nevada 89520-0400 (89511)
 
 
 
 
(775) 834-4011
 
 
 
 
 
 
 
2-28348
 
NEVADA POWER COMPANY
 
88-0420104
 
 
Nevada
 
 
 
 
6226 West Sahara Avenue
 
 
 
 
Las Vegas, Nevada 89146
 
 
 
 
(702) 367-5000
 
 
         
None
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
o
Pre-commencement communications pursuant to Rule 14(d)-2(b) under the Exchane Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under theExchange Act (17 CFR 240.13e-4(c))


 
TABLE OF CONTENTS



 

 


        On March 22, 2007, Nevada Power Company (NPC), a subsidiary of Sierra Pacific Resources (SRP), announced that the Public Utility Commission of Nevada (PUCN) approved two settlement agreements between NPC, the PUCN staff, the Nevada Attorney General’s Bureau of Consumer Protection and other parties.
 
        The agreements allow NPC to collect over a three year period approximately $83 million in costs incurred to resolve claims associated with terminated power contracts emanating from the western energy crisis, and to recover over a 10 year period $180 million and certain carrying charges related to a previous regulatory disallowance.

        A copy of the press release is attached hereto as Exhibit 99.1.
 
 
 
(c) Exhibits.

99.1 - Press Release dated March 22, 2007
 

 

 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have each duly caused this report to be signed on their behalf by the undersigned, thereunto duly authorized.
 

 
 
Sierra Pacific Resources
(Registrant)
 
       
       
Date: March 23, 2007 
By:  
/s/ John E. Brown  
 
 
 
John E. Brown 
 
 
 
Controller 
 
 
 
Nevada Power Company
(Registrant)
 
       
       
Date: March 23, 2007 
By:  
/s/ John E. Brown  
 
 
 
John E. Brown 
 
 
 
Controller 
 

EX-99.1 2 ex99-1.htm EXHIBIT 99.1 Exhibit 99.1
Settlement Agreements Approved by Public Utilities Commission of Nevada
 
LAS VEGAS, NV, Mar 22, 2007 (MARKET WIRE via COMTEX News Network) -- The Public Utilities Commission of Nevada (PUCN) today unanimously approved two settlement agreements reached by Nevada Power Company, a wholly owned subsidiary of Sierra Pacific Resources (NYSE: SRP), the PUCN staff, the Nevada Attorney General's Bureau of Consumer Protection and other parties. As a result of these two agreements, typical residential customers can expect to see an increase of approximately two percent to their electric bill.
 
"All of the parties worked together to reach a reasonable compromise that mitigates the impact of this recovery on our customers," said Michael Yackira, president and chief operating officer of Sierra Pacific Resources. "These agreements bring closure to many of the negative effects caused by the western energy crisis of 2000-2001."
 
The agreements allow Nevada Power Company to collect over three years, approximately $83 million in costs incurred to resolve claims associated with terminated power contracts emanating from western energy crisis, and to recover over 10 years, $180 million and certain carrying charges related to a previous regulatory disallowance.
 
For the average residential customer using 1,250 kilowatts per month, the increase from these agreements will be approximately $2.88 per month, beginning June 1, 2007. This does not include other cases pending before the PUCN: a general rate case and an annual deferred energy filing.
 
Nevada Power Company is a regulated public utility engaged in the distribution, transmission, generation, purchase and sale of electric energy in the southern Nevada communities of Las Vegas, North Las Vegas, Henderson, Searchlight, Laughlin and their adjoining areas. The Company also provides electricity to Nellis Air Force Base, the Department of Energy at Mercury and Jackass Flats at the Nevada Test Site. Nevada Power Company provides electricity to approximately 800,000 residential and business customers in a 4,500 square mile service area.
 
Headquartered in Reno, Nevada, Sierra Pacific Power Company is the principal utility for most of northern Nevada and the Lake Tahoe area of California. It is a wholly owned subsidiary of Sierra Pacific Resources which also is the holding company for Nevada Power Company, the electric utility for southern Nevada. Sierra Pacific Power also distributes natural gas in the Reno-Sparks area of northern Nevada.
 
Forward-Looking Statements: This press release contains forward-looking statements regarding the future performance of Nevada Power Company, within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from current expectations. These risks and uncertainties include, but are not limited to, unfavorable rulings in Nevada Power's deferred energy rate cases and general rate cases. Additional cautionary statements regarding other risk factors that could have an effect on the future performance of Nevada Power Company are contained in its Annual Report on Form 10-K for the year ended December 31, 2006, filed with the SEC. Nevada Power Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
 
Media Contact:
Andrea Smith
702-367-5843
 
Analyst Contact:
Britta Carlson
702-367-5624
 
SOURCE: Nevada Power Company

-----END PRIVACY-ENHANCED MESSAGE-----