-----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, CPusOiD3PpzUf8bbVhwrJ9MpNXG+5vQWckGzbqu0YHzmA66+mHKOkolOzoNhonLD NaF1HQ5ZH80Z/7mlsTefrQ== 0000950135-04-000093.txt : 20040114 0000950135-04-000093.hdr.sgml : 20040114 20040113204312 ACCESSION NUMBER: 0000950135-04-000093 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040112 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040114 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: 04523760 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 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: 04523759 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 b49144spe8vk.htm SIERRA PACIFIC RESOURCES e8vk
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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) January 12, 2004

         
    Registrant, State of Incorporation, Address of    
Commission File   Principal Executive Offices and Telephone   I.R.S. employer
Number   Number   Identification Number
         
1-08788   SIERRA PACIFIC RESOURCES   88-0198358
    P.O. Box 10100 (6100 Neil Road)    
    Reno, Nevada 89520-0400 (89511)    
    (775) 834-4011    
         
2-28348   NEVADA POWER COMPANY   88-0420104
    6226 West Sahara Avenue    
    Las Vegas, Nevada 89146    
    (702) 367-5000    

None

(Former name, former address and former fiscal year, if changed since last report)

 

Item 5. Other Events
Item 7. Financial Statements and Exhibits
Signatures

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Item 5. Other Events

     On January 12, 2004, Nevada Power Company (“NPC”) received the consent of the holders of its 8.5% Series Z First Mortgage Bonds to amend the dividend restriction contained in Section 8.13 of NPC’s Indenture of Mortgage, dated as of October 1, 1953, between NPC and Deutsche Bank Trust Company Americas (the “First Mortgage Indenture”). Section 8.13 of the First Mortgage Indenture limits the cumulative amount of dividends and other distributions that NPC may pay on its capital stock to the cumulative net earnings of NPC since 1953, subject to adjustments for the net proceeds of sales of capital stock since 1953. Currently, NPC is precluded from making payments of dividends to Sierra Pacific Resources (“Resources”), NPC’s parent, under this dividend restriction. The amendment to the First Mortgage Indenture will (1) change the starting point for the measurement of cumulative net earnings available for the payment of dividends on NPC’s capital stock from March 31, 1953 to July 28, 1999 (the date of NPC’s merger with Resources), and (2) permit NPC to include in its calculation of proceeds available for dividends and other distributions the capital contributions made to NPC by Resources.

     Prior to receiving the consent of the holders of its Series Z First Mortgage Bonds, NPC had obtained the consent of the holders of each of the other series of its First Mortgage Bonds entitled to independently consent with respect to the proposed amendment to the First Mortgage Indenture. The amendment to the First Mortgage Indenture will become effective upon the satisfaction of certain procedural requirements under NPC’s First Mortgage Indenture and other applicable financing agreements. NPC’s other existing dividend restrictions (see NPC’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2003 and NPC’s Current Report on Form 8-K dated December 17, 2003) will continue to apply after the amendment to the First Mortgage Indenture.

Item 7. Financial Statements and Exhibits

         
    (a)   Financial Statements of Businesses Acquired
         
        Not required
         
    (b)   Pro forma financial information
         
        Not required
         
    (c)   Exhibits
         
        None

 

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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: January 13, 2004   By:   /s/ Michael W. Yackira
        Michael W. Yackira
        Executive Vice President and Chief
             Financial Officer
         
         
    Nevada Power Company
(Registrant)
         
         
Date: January 13, 2004   By:   /s/ Michael W. Yackira
        Michael W. Yackira
        Executive Vice President and Chief
             Financial Officer

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