Sierra Pacific Resources Form 8-K

0000950135-05-006732.txt : 20051130 0000950135-05-006732.hdr.sgml : 20051130 20051130172714 ACCESSION NUMBER: 0000950135-05-006732 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051128 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051130 DATE AS OF CHANGE: 20051130 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: 051235457 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: 051235458 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: 051235456 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 b58002spe8vk.htm SIERRA PACIFIC RESOURCES FORM 8-K Sierra Pacific Resources 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) November 28, 2005


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

1-08788	SIERRA PACIFIC RESOURCES	88-0198358
	Nevada
	P.O. Box 10100 (6100 Neil Road)
	Reno, Nevada 89520-0400 (89511)
	(775) 834-4011

2-28348	NEVADA POWER COMPANY	88-0420104
	Nevada
	6226 West Sahara Avenue
	Las Vegas, Nevada 89146
	(702) 367-5000

0-00508	SIERRA PACIFIC POWER COMPANY	88-0044418
	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))

TABLE OF CONTENTS


	Item 5.02 Departure of Directors or Principal Officers; Appointment of Principal Officers
	Item 8.01 Other Events
	Item 9.01 Financial Statements and Exhibits.
SIGNATURES
Ex-99.1 Press release dated November 28, 2005

Sierra Pacific Resources/Nevada Power Company/Sierra Pacific Power Company

Section 5—Corporate Governance and Management

Item 5.02 Departure of Directors or Principal Officers; Appointment of Principal Officers

	(a)		Not required

	(b)		Not required

	(c)		Not required

	(d)		On November 28, 2005, Sierra Pacific Resources announced that Donald D. Snyder has been elected to its board of directors, effective immediately. Mr. Snyder also joins the boards of Sierra Pacific Resources’ two utility subsidiaries, Sierra Pacific Power Company and Nevada Power Company. Mr. Snyder’s term as a Sierra Pacific Resources’ director will run until Sierra Pacific Resource’s 2006 annual meeting. A copy of the press release is filed herewith as Exhibit 99.1.

Sierra Pacific Resources/Nevada Power Company

Section 8—Other Events

Item 8.01 Other Events

On November 29, 2005, Sierra Pacific Resources (“SPR”) and Nevada Power Company (“NPC”) entered into a settlement agreement with Morgan Stanley Capital Group Inc. (“MSCG”) that resolves the ongoing litigation in the United States District Court, District of Nevada against MSCG related to various power supply contracts that were terminated by MSCG in April 2002, for which MSCG was seeking an aggregate of $25.3 million of termination payments from NPC, and also resolves related Federal Energy Regulatory Commission (FERC) proceedings insofar as they pertain to MSCG. The terms of the settlement agreement provide that NPC will pay $17.5 million to MSCG and that the parties will dismiss the litigation concerning the terminated power contracts and related FERC proceedings.

Section 9—Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

99.1 Press release dated November 28, 2005

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: November 28, 2005	By:	/s/ John E. Brown
		John E. Brown
		Controller


	Nevada Power Company (Registrant)
Date: November 28, 2005	By:	/s/ John E. Brown
		John E. Brown
		Controller


	Sierra Pacific Power Company (Registrant)
Date: November 28, 2005	By:	/s/ John E. Brown
		John E. Brown
		Controller

EX-99.1 2 b58002spexv99w1.htm EX-99.1 PRESS RELEASE DATED NOVEMBER 28, 2005 Ex-99.1 Press release dated November 28, 2005

Exhibit 99.1


For Immediate Release		Media Contact: Sonya Headen
November 28, 2005		(702) 367-5222

		Analyst Contact: Britta Carlson (702) 367-5624

Donald D. Snyder Elected to Sierra Pacific Resources

Board of Directors

Sierra Pacific Resources (NYSE: SRP) today announced that Donald D. Snyder, former president and board member of Boyd Gaming Corporation and a long-time leader in the State of Nevada business community, has been elected to its board of directors, effective immediately.

Walter Higgins, chairman and chief executive officer of Sierra Pacific Resources, said, “Don Snyder brings a wealth of management and financial expertise in key industries within our State and currently is active on numerous boards and community endeavors important to our company’s customer base. These activities, coupled with his diversified and distinguished career history in Nevada, demonstrate that he understands our areas of operation — both past and present — and will be very helpful as our company moves forward.”

Snyder, 58, retired from Boyd Gaming in March, 2005, having served as the casino company’s president since January 1997. His prior business experience included 22 years with First Interstate Bank, including four years as chairman of the board and CEO of First Interstate Bank Nevada which was then the state’s largest full service bank. Immediately prior to joining Boyd, he was president and chief executive officer of the Fremont Street Experience in downtown Las Vegas and remains chairman of that organization’s governing board.

Among his many business, charitable and civic activities, Snyder presently is chairman of the Las Vegas Performing Arts Center Foundation and serves on the boards of the Nevada Development Authority (past chairman), UNLV Foundation (past chairman), and Nathan Adelson Hospice (past chairman). His other board service in recent years has included the Las Vegas Convention and Visitors Authority, Nevada Resort Association and United Way of Southern Nevada (past chairman).

-more-

He has founded or co-founded several new businesses, including BankWest of Nevada. He also was a board member for several gaming and non-gaming companies, including current service on the boards of BankWest and its parent, Western Alliance Bancorporation, Cash Systems, Inc. and Switch Business Solutions L.L.C.

A cum laude graduate of the University of Wyoming with a Bachelor of Science degree in Business Administration, Snyder also completed the Graduate School of Credit and Financial Management program at Stanford University. In 2002, he received an Honorary Doctor of Laws degree from University of Nevada, Las Vegas. He and his wife, Dee, have been married 34 years and have three children.

ABOUT SIERRA PACIFIC RESOURCES
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 a 50 % interest in an interstate natural gas transmission partnership.

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