-----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, WYLDDGKZ77XsmRJf/GzBBbryKY+53MoBe9a163lh4mnPoygfw+8kj9xL+fZeqjmh e5Nf0NAmAzpTlgOEw8/Ong== 0000741508-10-000025.txt : 20100504 0000741508-10-000025.hdr.sgml : 20100504 20100504161355 ACCESSION NUMBER: 0000741508-10-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100428 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100504 DATE AS OF CHANGE: 20100504 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: 10797416 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: 10797415 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: NV ENERGY, INC. 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: 10797417 BUSINESS ADDRESS: STREET 1: 6226 WEST SAHARA AVENUE CITY: LAS VEGAS STATE: NV ZIP: 89146 BUSINESS PHONE: 702-367-5000 MAIL ADDRESS: STREET 1: 6226 WEST SAHARA AVENUE CITY: LAS VEGAS STATE: NV ZIP: 89146 FORMER COMPANY: FORMER CONFORMED NAME: SIERRA PACIFIC RESOURCES /NV/ DATE OF NAME CHANGE: 19920703 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) April 28, 2010


         
   
Registrant, State of Incorporation, Address of
 
I.R.S. Employer
Commission File
 
Principal Executive Offices and Telephone
 
Identification
Number
 
Number
 
Number

1-08788
 
NV ENERGY, INC.
 
88-0198358
   
Nevada
   
   
6226 West Sahara Avenue
   
   
Las Vegas, Nevada  89146
   
   
(702)  402-5000
   
         

2-28348
 
NEVADA POWER COMPANY d/b/a
 
88-0420104
   
NV ENERGY
   
   
Nevada
   
   
6226 West Sahara Avenue
   
   
Las Vegas, Nevada 89146
   
   
(702) 402-5000 
   
         

0-00508
 
SIERRA PACIFIC POWER COMPANY d/b/a
 
88-0044418
   
NV ENERGY
   
   
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))
 







 

(c)  On May 3, 2010, NV Energy, Inc. (“NVE”) issued a press release announcing that Dilek L. Samil has been named as Senior Vice President Finance, Chief Financial Officer and Treasurer for NV Energy Inc. and its two wholly-owned utility subsidiaries, Nevada Power Company d/b/a NV Energy and Sierra Pacific Power Company d/b/a/ NV Energy, effective June 1, 2010.  Prior to joining NVE, Ms. Samil, 54, served as President and Chief Operating Officer of CLECO Power LLC, a subsidiary of Cleco Corp. (NYSE: CNL).  Prior to her promotion to President and COO of Cleco Power in 2005, Ms. Samil served as the Chief Financial Officer of Cleco Corp. since she joined the company in 2001.  A copy of the press release is filed herewith as Exhibit 99.1.
 
    Pursuant to the terms of her employment, Ms. Samil is eligible to participate in NVE’s Short Term Incentive Plan (“STIP”) with an initial target award equal to 60% of her annual base salary of $475,000.  Payments under the STIP are made at the discretion of the Board of Directors and are based on corporate, business unit and individual performance.  If STIP payments are made to other officers under the 2010 STIP plan, Ms. Samil is guaranteed a minimum STIP payment of $285,000 for the 2010 plan year, payable in February 2011 so long as she is then employed by NVE.  Ms. Samil is also eligible to participate in NVE’s Long Term Incentive Plan (“LTIP”).  Grants under the LTIP are det ermined by the Board of Directors annually.  The value of Ms. Samil’s LTIP incentive is currently targeted at 140% of her base salary.  Ms. Samil will also receive a cash bonus of $100,000 and 110,000 shares of NVE stock in the form of restricted shares which will vest in equal installments over a three year period from the date of grant subject to Ms. Samil’s continued employment.
 

(d)  Exhibits—Press Release dated May 3, 2010.



 
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.

         
 
NV Energy, Inc.
 (Registrant)
  
 
Date:  May 4, 2010 
By:  
/s/ E. Kevin Bethel  
 
   
E. Kevin Bethel 
 
   
Interim Chief Financial Officer 
 
 
 
Nevada Power Company d/b/a
NV Energy
 (Registrant)
  
 
Date:  May 4, 2010 
By:  
/s/ E. Kevin Bethel  
 
   
E. Kevin Bethel 
 
   
Interim Chief Financial Officer 
 
 
 
Sierra Pacific Power Company d/b/a
NV Energy
 (Registrant)
  
 
Date:  May 4, 2010 
By:  
/s/ E. Kevin Bethel  
 
   
E. Kevin Bethel 
 
   
Interim Chief Financial Officer 
 

 



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

 
Utility Executive to Join NV Energy as Chief Financial Officer
 
 
LAS VEGAS, May 03, 2010 (BUSINESS WIRE) --NV Energy, Inc. (NYSE: NVE) announced today the election of Dilek L. Samil as Senior Vice President Finance, Chief Financial Officer and Treasurer, effective June 1, 2010. Samil, 54, has more than 30 years of experience in the electric industry. For the last five years she has served as President and Chief Operating Officer for CLECO Power LLC, after having been its Chief Financial Officer since 2001. Prior to that she was with FPL Group as Vice President, Finance of FPL Energy (now NextEra Energy Resources), a leader in renewable energy development, and treasurer of FPL Group and Florida Power & Light Company.
 
 
Michael Yackira, President and Chief Executive Officer for NV Energy, said, "Dilek's experience in both finance and operations, combined with her involvement in the growth of renewable energy, makes her an ideal and valuable addition to our talented management team. Having known her for more than 20 years, I am pleased that she will bring her talent and expertise to NV Energy."
 
 
Samil and her husband will relocate to Las Vegas. She is a graduate of City College of New York, part of the City University of New York, with a Bachelor of Science degree in computer science. She received her Master's degree in business administration from the University of Florida.
 
 
Headquartered in Las Vegas, NV Energy, Inc. is a holding company with principal subsidiaries Nevada Power Company and Sierra Pacific Power Company doing business as NV Energy. Serving a combined 54,500-square-mile service territory, NV Energy provides a wide range of energy services and products to approximately 2.4 million citizens of Nevada and nearly 40 million tourists annually.
 
 
SOURCE: NV Energy, Inc.
 
NV Energy, Inc., Las Vegas
Jennifer Schuricht, 702-402-5241
jschuricht@nvenergy.com
Rob Stillwell, 702-402-5683
rstillwell@nvenergy.com

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