-----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, T2tN0Wn/9Zo88duqmYR8fiGSx3wVih96X46vCXtyevPatW0qKY9LS29hdjdSkvG0 T52EZcQZQi6z3DhpDLnxPg== /in/edgar/work/0000898430-00-003592/0000898430-00-003592.txt : 20001121 0000898430-00-003592.hdr.sgml : 20001121 ACCESSION NUMBER: 0000898430-00-003592 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000930 FILED AS OF DATE: 20001120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIERRA PACIFIC RESOURCES CENTRAL INDEX KEY: 0000741508 STANDARD INDUSTRIAL CLASSIFICATION: [4931 ] IRS NUMBER: 880198358 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: SEC FILE NUMBER: 001-08788 FILM NUMBER: 773146 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: 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: 10-Q/A SEC ACT: SEC FILE NUMBER: 002-28348 FILM NUMBER: 773147 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIERRA PACIFIC POWER CO CENTRAL INDEX KEY: 0000090144 STANDARD INDUSTRIAL CLASSIFICATION: [4931 ] IRS NUMBER: 880044418 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: SEC FILE NUMBER: 000-00508 FILM NUMBER: 773148 BUSINESS ADDRESS: STREET 1: 6100 NEIL RD STREET 2: P O BOX 10100 CITY: RENO STATE: NV ZIP: 89520-0400 BUSINESS PHONE: 7026895408 MAIL ADDRESS: STREET 1: 6100 NEIL ROAD STREET 2: P.O. BOX 10100 CITY: RENO STATE: NV ZIP: 89520 10-Q/A 1 0001.txt AMENDMENT NO. 1 TO QUARTERLY REPORT ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2000 OR [_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO
Registrant, State of Incorporation, Address of Commission File Principal Executive Offices and Telephone I.R.S. employer Number Number Identification Number 1-8788 SIERRA PACIFIC RESOURCES 88-0198358 P.O. Box 10100 (6100 Neil Road) Reno, Nevada 89520-0400 (89511) (775) 834-4011 1-4698 NEVADA POWER COMPANY 88-0045330 6226 West Sahara Avenue Las Vegas, Nevada 89146 (702) 367-5000 0-508 SIERRA PACIFIC POWER COMPANY 88-0044418 P.O. Box 10100 (6100 Neil Road) Reno, Nevada 89520-0400 (89511) (775) 834-4011
Indicate by check mark whether registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No ---- ---- Indicate the number of shares outstanding of each of the issuer's classes of Common Stock, as of the latest practicable date. Class Outstanding at November 3, 2000 Common Stock, $1.00 par value 78,450,966 Shares of Sierra Pacific Resources Sierra Pacific Resources is the sole holder of the 1,000 shares of outstanding Common Stock, $1.00 stated value, of Nevada Power Company. Sierra Pacific Resources is the sole holder of the 1,000 shares of outstanding Common Stock, $1.00 stated value, of Sierra Pacific Power Company. This combined Quarterly Report on Form 10-Q is separately filed by Sierra Pacific Resources, Nevada Power Company and Sierra Pacific Power Company. Information contained in this document relating to Nevada Power Company is filed by Sierra Pacific Resources and separately by Nevada Power Company on its own behalf. Nevada Power Company makes no representation as to information relating to Sierra Pacific Resources or its subsidiaries, except as it may relate to Nevada Power Company. Information contained in this document relating to Sierra Pacific Power Company is filed by Sierra Pacific Resources and separately by Sierra Pacific Power Company on its own behalf. Sierra Pacific Power Company makes no representation as to information relating to Sierra Pacific Resources or its subsidiaries, except as it may relate to Sierra Pacific Power Company. ================================================================================ The undersigned registrants hereby amend their Quarterly Reports on Form 10-Q for the quarterly period ended September 30, 2000 by revising Note 4 of the Condensed Consolidated Financial Statements included in Item 1. As set forth in the original filing, Note 4 incorrectly stated that the change in the fair value of hedges could result in a $25-$35 million loss. The disclosure should have reported that the change in fair value could result in a $25-$35 million gain. The Note has been revised accordingly, and the revised version of Note 4 is set forth in its entirety below. NOTE 4. RECENT PRONOUNCEMENTS (SPR, NVP, SPPC) - ------------------------------- Financial Accounting Standards Board - ------------------------------------ In June 1998, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards (SFAS) 133, entitled "Accounting for Derivative Instruments and Hedging Activities." This statement establishes accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts (collectively referred to as derivatives), and for hedging activities. It requires an entity to recognize all derivatives as either assets or liabilities in the statement of financial position, and measure those instruments at fair value. In May 1999, members of the FASB agreed to delay the effective date of Statement 133 to fiscal years beginning after June 15, 2000. In June 2000, the FASB issued SFAS 138 that amended SFAS 133 in a number of respects. Among other revisions, SFAS 138 exempted from the fair value requirements normal purchases and normal sales (as defined by SFAS 133) that contain settlement provisions, if it is probable that the contracts will not settle net and will result in physical delivery. SPR has evaluated the impact of SFAS 133 and SFAS 138 and considers all derivative transactions identified to date to be either subject to the normal purchases and normal sales exclusion or hedges of forecasted transactions. The change in the fair value of the hedges will be reported on the balance sheet as other comprehensive income on January 1, 2001 and could result in a $25-$35 million gain. This amount will be reclassified into earnings in the same period in which the hedged forecasted transaction affects earnings. Securities and Exchange Commission - ---------------------------------- In December 1999, the Staff of the Securities and Exchange Commission released Staff Accounting Bulletin (SAB) No. 101, which summarizes certain of the staff's views in applying generally accepted accounting principles to revenue recognition in financial statements. Subsequently, SAB No. 101A and SAB No. 101B were released delaying the implementation date of SAB No. 101 until no later than the fourth fiscal quarter of fiscal years beginning after December 15, 1999. SPR does not believe that the SAB will have a material effect on its financial statements. 1 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this amendment to be signed on their behalf by the undersigned thereunto duly authorized. Sierra Pacific Resources ------------------------ (Registrant) Date: November 20, 2000 By: /s/ Mark A. Ruelle ----------------- ----------------------- Mark A. Ruelle Senior Vice President Treasurer Chief Financial Officer (Principal Financial Officer) Date: November 20, 2000 By: /s/ Mary O. Simmons ------------------ ----------------------- Mary O. Simmons Controller (Principal Accounting Officer) Nevada Power Company -------------------- (Registrant) Date: November 20, 2000 By: /s/ Mark A. Ruelle ----------------- ----------------------- Mark A. Ruelle Senior Vice President Treasurer Chief Financial Officer (Principal Financial Officer) Date: November 20, 2000 By: /s/ Mary O. Simmons ------------------ ----------------------- Mary O. Simmons Controller (Principal Accounting Officer) Sierra Pacific Power Company ---------------------------- (Registrant) Date: November 20, 2000 By: /s/ Mark A. Ruelle ----------------- ----------------------- Mark A. Ruelle Senior Vice President Treasurer Chief Financial Officer (Principal Financial Officer) Date: November 20, 2000 By: /s/ Mary O. Simmons ------------------ ----------------------- Mary O. Simmons Controller (Principal Accounting Officer) 2 -----END PRIVACY-ENHANCED MESSAGE-----