form8-k.htm

0000741508-08-000025.txt : 20080509 0000741508-08-000025.hdr.sgml : 20080509 20080509165959 ACCESSION NUMBER: 0000741508-08-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080506 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080509 DATE AS OF CHANGE: 20080509 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: 08819424 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 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: 08819423 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: 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: 08819422 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 8-K 1 form8-k.htm FORM 8-K form8-k.htm

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) May 6, 2008


	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

0-00508	SIERRA PACIFIC POWER COMPANY	88-0044418
	Nevada
	P.O. Box 10100 (6100 Neil Road)
	Reno, Nevada 89520-0400 (89511)
	(775) 834-4011

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 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Table of Contents

TABLE OF CONTENTS

	Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
	Item 5.03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year
	Item 9.01 Financial Statements and Exhibits.
SIGNATURES
EX-99.1 PRESS RELEASE DATED MAY 6, 2008

Table of Contents

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

On May 6, 2008, Sierra Pacific Resources (SPR) announced that Walter M. Higgins will retire as chairman and member of the board of directors, effective July 31, 2008. Effective August 1, 2008, Philip G. Satre, SPR’s current lead outside director, will succeed Mr. Higgins as non-executive chairman. Mr. Higgins will simultaneously retire as chairman and director of both of SPR’s utility subsidiaries, Nevada Power Company and Sierra Pacific Power Company, and Mr. Satre will succeed Mr. Higgins as non-executive chairman of those companies. Mr. Satre has been a member of the SPR board since January 2005. A copy of the press release is filed herewith as Exhibit 99.1.

Item 5.03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year

On May 6, 2008, the board of directors amended SPR’s Bylaws to provide that the Chairman of the Board preside over all shareholder meetings. The change is effective May 6, 2008.

Item 9.01 Financial Statements and Exhibits

EX-99.1 - Press Release dated May 6, 2008.

Table of Contents

SIGNATURES

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: May 9, 2008	By:	/s/ E. Kevin Bethel
		E. Kevin Bethel
		Chief Accounting Officer

	Nevada Power Company (Registrant)
Date: May 9, 2008	By:	/s/ E. Kevin Bethel
		E. Kevin Bethel
		Chief Accounting Officer

	Sierra Pacific Power Company (Registrant)
Date: May 9, 2008	By:	/s/ E. Kevin Bethel
		E. Kevin Bethel
		Chief Accounting Officer

EX-99.1 2 exhibit99-1.htm EXHIBIT 99.1 exhibit99-1.htm

EXHIBIT 99.1

FOR IMMEDIATE RELEASE Media Contact: Andrea Smith

May 6, 2008 702-367-5843

Analyst Contact: Britta Carlson

702-367-5624

Philip G. Satre to Succeed Walter M. Higgins

As Sierra Pacific Resources’ Chairman on August 1

LAS VEGAS – Sierra Pacific Resources (NYSE: SRP) today announced that Walter M. Higgins will retire as chairman and a member of the board of directors, effective July 31, 2008. Effective August 1, Higgins will be succeeded as chairman by Philip G. Satre, the company’s current lead outside director, who has been a member of the Sierra Pacific board since January 2005.

Michael W. Yackira, president and chief executive officer of the company, said, "Walt Higgins has been a major force in the recovery and growth of Sierra Pacific Resources. We are very appreciative for his tremendous contributions to the success of our company."

Higgins said: "Phil Satre joined the Sierra Pacific board as a proven leader in both business and community affairs in Nevada over many years, and his contributions to our company have been and will continue to be invaluable as he and Michael work together in the years ahead. I will certainly miss my fellow directors, management and all of the fine employees I've dealt with during my tenure with the company. I am convinced Sierra Pacific Resources will continue to realize the success that has emerged in recent years."

"In the comparatively short time I've served on the Sierra Pacific board, I've seen the company make unprecedented progress," Satre said. "I will do everything I can to see that the momentum generated by Walt, Michael and entire team will continue from both the financial and operational perspectives."

Satre, 59, was formerly the chairman of the board of Harrah's Entertainment Inc. before retiring in 2005. He also served as Harrah's CEO for 10 years and, during his 25-year career with that organization, held numerous top management positions. He currently is a director of Nordstrom Inc., Rite Aid Corporation, the National Center for Responsible Gaming and Nevada Cancer Institute. He is a trustee of Stanford University and vice chairman of the National World War II Museum Inc.

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.

This press release may contain forward-looking statements regarding the future performance of Sierra Pacific Resources 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, the cautionary statements contained in Sierra Pacific Resources' Quarterly Report on Form 10-Q for the quarter ended March 31, 2008, filed with the SEC. Sierra Pacific Resources 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.