Sierra Pacific Resources 8-K

0000950135-04-003430.txt : 20040708 0000950135-04-003430.hdr.sgml : 20040708 20040708163021 ACCESSION NUMBER: 0000950135-04-003430 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040707 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040708 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: 04906375 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: 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: 04906374 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 b51179spe8vk.htm SIERRA PACIFIC RESOURCES 8-K Sierra Pacific Resources 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 7, 2004


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

1-8788	SIERRA PACIFIC RESOURCES P.O. Box 10100 (6100 Neil Road) Reno, Nevada 89520-0400 (89511) (775) 834-4011	88-0198358

0-508	SIERRA PACIFIC POWER COMPANY P.O. Box 10100 (6100 Neil Road) Reno, Nevada 89520-0400 (89511) (775) 834-4011	88-0044418

None

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

TABLE OF CONTENTS


	Item 5. Other Events
	Item 7. Financial Statements and Exhibits
Signatures
Sierra Pacific Power Company Press Release

Item 5. Other Events

On July 7, 2004, Sierra Pacific Power Company, a wholly-owned subsidiary of Sierra Pacific Resources announced that the Public Utilities Commission of Nevada approved an overall increase of 4.4 percent in electric rates for Sierra Pacific Power Company’s northern Nevada customers, effective July 15. The increase means a rise in electric prices for the typical residential customer of approximately $2.80 per month, or 3.4 percent. A copy of the press release is attached as Exhibit 99.1.

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 Power Company – Press Release issued July 7, 2004

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: July 8, 2004 By:   /s/ John E. Brown
John E. Brown
Vice President and Controller

Sierra Pacific Power Company
(Registrant)

Date: July 8, 2004 By:   /s/ John E. Brown
John E. Brown
Vice President and Controller

EX-99.1 2 b51179spexv99w1.htm SIERRA PACIFIC POWER COMPANY PRESS RELEASE Sierra Pacific Power Company Press Release

Exhibit 99.1

July 1, 2004

Sierra Pacific Power Company

Contact: Faye I. Andersen

Phone: (775) 834-4822

PUCN grants electric price increase to reflect rising fuel and energy costs

Reno, Nev. — The Public Utilities Commission of Nevada (PUCN) today approved an overall increase of 4.4 percent in electric rates for Sierra Pacific Power Company’s northern Nevada customers, effective July 15. The increase means a rise in electric prices for the typical residential customer of approximately $2.80 per month, or 3.4 percent. Sierra Pacific Power Company is a wholly-owned subsidiary of Sierra Pacific Resources (NYSE: SRP).

Today’s action by the PUCN is a dollar-for-dollar recovery of fuel and purchased power costs. Sierra Pacific made its annual mandatory deferred energy filing in January 2004. Each year the company makes the filing to recover these costs and set a new rate which reflects the current and future market price for energy.

In its original filing six months ago, Sierra Pacific requested no net increase in its deferred energy rates, resulting from an increase to recover current balances that would be offset by a decrease that went into effect June 1. Since January, energy prices have continued to rise and today’s PUCN decision acknowledges those increases by setting rates to cover anticipated increases over the next year.

“We are pleased that the Commission granted us full recovery of money we have already spent on behalf of our customers,” said Jeff Ceccarelli, President of Sierra Pacific Power Company. “We do everything possible to mitigate price increases for our customers, but these rates reflect the increases we are all seeing in fuel costs and in the energy markets for the year ahead.”

As a result of this increase, a Sierra Pacific residential customer in Nevada using 715 kilowatt hours of electricity per month will pay $84.43.

Table of Contents

Table of Contents

Table of Contents

	(a)		Financial Statements of Businesses Acquired

			Not required

	(b)		Pro forma financial information

			Not required

	(c)		Exhibits


	Sierra Pacific Resources (Registrant)
Date: July 8, 2004	By:	/s/ John E. Brown
		John E. Brown
		Vice President and Controller


	Sierra Pacific Power Company (Registrant)
Date: July 8, 2004	By:	/s/ John E. Brown
		John E. Brown
		Vice President and Controller