-----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, FeR7EioIuoxSRtdFILY8QMkG26PvuQlf9Ko4QVIRPYMEpJw7SGVg1b3HWb0pG84l wpmnbsoo5LZXfzAuSpibQw== /in/edgar/work/0000898430-00-002036/0000898430-00-002036.txt : 20000717 0000898430-00-002036.hdr.sgml : 20000717 ACCESSION NUMBER: 0000898430-00-002036 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000714 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000714 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEVADA POWER CO CENTRAL INDEX KEY: 0000071180 STANDARD INDUSTRIAL CLASSIFICATION: [4911 ] IRS NUMBER: 880045330 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 002-28348 FILM NUMBER: 673300 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 230 CITY: LAS VEGAS STATE: NV ZIP: 89151 FORMER COMPANY: FORMER CONFORMED NAME: SOUTHERN NEVADA POWER CO DATE OF NAME CHANGE: 19701113 8-K 1 0001.txt 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) July 14, 2000 ------------- NEVADA POWER COMPANY -------------------- (Exact name of the registrant as specified in its charter) NEVADA 1-4698 88-0045330 - ------------------------------- ------------ ------------------- (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 6226 West Sahara Avenue, Las Vegas, Nevada 89146 - ------------------------------------------ ----------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 702-367-5000 ------------- None - -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events - --------------------- On July 12, 2000, Sierra Pacific Resources (the parent corporation of Nevada Power Company and Sierra Pacific Power Company) issued a press release announcing second quarter fuel and purchased power costs for the company's two Nevada utility subsidiaries will likely exceed budgeted expenses by an estimated $70-80 million. A copy of the press release, dated July 12, 2000, relating to the above described matter is attached as Exhibit 99.1 hereto. Item 7. Financial Statements and Exhibits - ----------------------------------------- (a) Financial Statements of Businesses Acquired. ------------------------------------------- Not required (b) Pro forma financial information. ------------------------------- Not required (c) Exhibits. -------- 99.1 Sierra Pacific Resources- Press Release issued July 12, 2000 Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Sierra Pacific Resources Date: July 14, 2000 By: /s/ Mark A. Ruelle ------------- -------------------- Mark A. Ruelle Senior Vice President Chief Financial Officer and Treasurer Exhibit Index ------------- Exhibit 99.1 Sierra Pacific Resources- Press Release issued July 12, 2000. EX-99.1 2 0002.txt PRESS RELEASE Exhibit 99.1 RENO, Nev., (July 12) Sierra Pacific Resources announced today that unanticipated second quarter fuel and purchased power costs for the company's two Nevada utility subsidiaries will likely exceed budgeted expenses by an estimated $70-80 million. "Similar to other electric utilities in the West, we have confronted an unprecedented and extremely volatile energy market over the last several months," said Mark Ruelle, senior vice president, chief financial officer and treasurer for Sierra Pacific Resources. "As a result, we've been forced to pay significantly more for fuel and purchased power than we had budgeted at the same time that above-normal temperatures increased the demand for electricity, particularly in southern Nevada. "We expect fuel and purchased power expenses to have a negative impact on second quarter earnings and an ongoing negative earnings impact for the remainder of the year," Ruelle added. The Company has pending litigation which, in combination with future energy cost rate filings, would, if successful, mitigate the impact of these higher energy costs. Court hearings are scheduled to begin July 13. The company is currently involved in settlement discussions pertaining to these and other issues. The company cannot predict the outcome of such discussions. Headquartered in Reno, Nev., Sierra Pacific Resources is a holding company whose principal subsidiaries are Nevada Power Co., the electric utility for southern Nevada, and Sierra Pacific Power Co., the electric utility for most of northern Nevada and the Lake Tahoe area of California, and a natural gas and water distributor in the Reno - Sparks area. Other subsidiaries include the Tuscarora Gas Pipeline Co., which owns 50 percent interest in an interstate natural gas transmission partnership and Sierra Pacific Communications, a telecommunications company. -----END PRIVACY-ENHANCED MESSAGE-----