-----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, SKwQ4dHNqyyTDiSqdGQ9ruvO/wLZBJGNIziS3bz45mdTUdphfsXtDkfeC7AK5pCY JLNG2QN7vja1TaP5o0XvwA== 0000950135-08-005906.txt : 20080902 0000950135-08-005906.hdr.sgml : 20080901 20080902115517 ACCESSION NUMBER: 0000950135-08-005906 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080902 ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20080902 DATE AS OF CHANGE: 20080902 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: 081050817 BUSINESS ADDRESS: STREET 1: 6100 NEIL RD STREET 2: P O BOX 10100 CITY: RENO STATE: NV ZIP: 89520-0400 BUSINESS PHONE: 7758344011 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: 081050818 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 b72156sre8vk.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)   September 2, 2008
             
Commission File
  Registrant, Address of Principal   I.R.S. employer   State of
Number
  Executive Offices and Telephone Number   Identification Number   Incorporation
 
            
1-08788
  SIERRA PACIFIC RESOURCES
P. O. Box 10100 (6100 Neil Road)
Reno, Nevada 89520-0400 (89511)
(775) 834-4011 		  88-0198358   Nevada
 
            
0-00508
  SIERRA PACIFIC POWER COMPANY
P. O. Box 10100 (6100 Neil Road)
Reno, Nevada 89520-0400 (89511)
(775) 834-4011 		  88-0044418   Nevada
None
 
(Former name, former address and former fiscal year, 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))
 
 

 

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Item 2.03 — Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
Signatures

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2.03 — Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
Issuance and Sale of Sierra Pacific Power Company’s Series Q Notes
          On September 2, 2008, Sierra Pacific Power Company (“SPPC”), a wholly-owned subsidiary of Sierra Pacific Resources, issued and sold $250 million of its 5.45% General and Refunding Mortgage Notes, Series Q, due 2013 (the “Series Q Notes”). SPPC will pay interest on the Series Q Notes on March 1 and September 1 of each year, beginning on March 1, 2009. The Series Q Notes will mature on September 1, 2013. The Series Q Notes were issued pursuant to a registration statement (No. 333-146100-01) previously filed with the Securities and Exchange Commission (“SEC”). SPPC filed a prospectus supplement with the SEC in connection with the issuance of the Series Q Notes.
          The net proceeds from the issuance of the Series Q Notes will be approximately $247.7 million, after deducting the underwriting discount and estimated expenses. Approximately $238 million of the net proceeds from the sale of the Series Q Notes will be used to repay amounts outstanding under SPPC’s Revolving Credit Facility dated November 4, 2005, as amended, which matures November 2010. As of August 22, 2008, amounts outstanding under SPPC’s Revolving Credit Facility were borrowed at a weighted average interest rate of 3.22%. The remaining approximately $9.7 million of net proceeds will be used for general corporate purposes.
          SPPC may redeem the notes at its option at any time, in whole or in part, at a price of 100% of the principal amount of the Series Q Notes being redeemed plus a make-whole premium.

 

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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: September 2, 2008  By:   /s/ E. Kevin Bethel    
    E. Kevin Bethel   
    Chief Accounting Officer   
 
         
  Sierra Pacific Power Company
(Registrant)
 		  
Date: September 2, 2008  By:   /s/ E. Kevin Bethel    
    E. Kevin Bethel   
    Chief Accounting Officer   
 

 

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