-----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, Lwj1qH07/e8T90+BDqsevO+5otSnbW3VUAfzyxgTE3v5z1XyJ5YhJVabzznYGDsB f9NU6cTSpBBFX42qpZmdzQ== 0000950135-02-002419.txt : 20020503 0000950135-02-002419.hdr.sgml : 20020503 ACCESSION NUMBER: 0000950135-02-002419 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020502 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020503 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: 02633594 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: 02633595 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 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: 002-28348 FILM NUMBER: 02633596 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 b43034spe8-k.txt SIERRA PACIFIC RESOURCES 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 2, 2002 -----------
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) FReno, Nevada 89520-0400 (89511) (775) 834-4011
None - -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) ITEM 5. OTHER EVENTS On May 2, 2002, Sierra Pacific Resources (the parent corporation of Nevada Power Company and Sierra Pacific Power Company) issued a press release announcing that Enron Power Marketing Inc. will end power deliveries to Sierra Pacific's two electric utilities effective May 7, 2002. A copy of the press release, dated May 2, 2002, is attached as Exhibits 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 May 2, 2002 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 (Registrant) Date: May 3, 2002 By: /s/ John E. Brown ----------- ------------------------------ John E. Brown Controller NEVADA POWER COMPANY (Registrant) Date: May 3, 2002 By: /s/ John E. Brown ----------- ------------------------------ John E. Brown Controller SIERRA PACIFIC POWER COMPANY (Registrant) Date: May 3, 2002 By: /s/ John E. Brown ----------- ------------------------------ John E. Brown Controller EXHIBIT INDEX Exhibit 99.1 Sierra Pacific Resources- Press Release issued May 2, 2002. EX-99.1 3 b43034spex99-1.txt PRESS RELEASE DATED 5/2/2002 EXHIBIT 99.1 Las Vegas, Nevada (May 2, 2002) Sierra Pacific Resources, whose electric utility subsidiaries provide power to much of Nevada and the Lake Tahoe area of California, announced today that Enron Power Marketing Inc. will end power deliveries to Sierra Pacific's two electric utilities effective May 7. Sierra Pacific said it was informed by Enron that Enron is taking the action in line with its recently announced new business configuration that does not include arrangements such as its existing contracts with Sierra Pacific's utilities. Enron also indicated that it had exercised what it believes to be its contractual right to end deliveries because of the recent change in the credit ratings of Sierra Pacific's utilities. "We are working to replace those supplies as needed to ensure our business and residential customers that their electric service will be uninterrupted," said Sierra Pacific Resources Chairman and CEO Walt Higgins. The Enron contracts covered approximately 10% of purchased power supplies for the combined utilities for the remainder of the year. Sierra Pacific's potential liability for the Enron contracts remains unchanged. Enron has asserted a claim of approximately $305 million, but that amount is subject to the Company's pending complaint proceeding at the Federal Energy Regulatory Commission (FERC) challenging the contract prices and to other defenses, which the utilities intend to pursue. Mr. Higgins also announced that Nevada Power has approached its other power suppliers to obtain extended payment terms that will help the Company overcome short-term liquidity problems created when the Public Utilities Commission of Nevada disallowed $437 million of a rate adjustment needed to reimburse Nevada Power for costs it incurred purchasing power during last year's energy crisis. Sierra Pacific also has requested that the FERC appoint an administrative law judge to preside over settlement discussions regarding its existing power-supply contracts. Those discussions relate to the Company's pending complaint proceedings at the FERC under Section 206 of the Federal Power Act regarding the appropriate market-rate pricing of those supply contracts. 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. Other subsidiaries include the Tuscarora Gas Pipeline Company, which owns 50 percent interest in an interstate natural gas transmission partnership and several unregulated energy services companies. This press release contains forward-looking statements regarding the future performance of Sierra Pacific Resources. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from current expectations. -----END PRIVACY-ENHANCED MESSAGE-----