Exhibit 99.2
![](https://capedge.com/proxy/8-K/0000950123-10-037963/b80642b80642z0001.gif)
Earnings Conference Call 1st Quarter 2010 Supplemental Slides April 26, 2010 |
![](https://capedge.com/proxy/8-K/0000950123-10-037963/b80642b80642z0008.gif)
Consolidated Margin Variance Allocations 1ST Quarter 2010 vs. 2009 (dollars in thousands) 155.4% (25.8%) (30.5%) 0.9% 100.0% $32,630 ($5,411) ($6,422) $196 $20,993 |
![](https://capedge.com/proxy/8-K/0000950123-10-037963/b80642b80642z0003.gif)
Reconciliation of Non-GAAP Financial Measures Gross Margin (dollars in thousands) NVE Consolidated % Change from 2010 2009 Prior Year Operating Revenues $716,969 $755,267 -5.1% Energy Costs: Fuel for power generation 221,619 230,104 Purchased Power 107,363 125,387 Gas purchased for resale 65,559 70,272 Deferred energy - net 17,566 45,635 412,107 471,398 -12.6% Gross Margin $304,862 $283,869 7.4% Other operating expenses 109,106 114,677 Maintenance 25,729 34,400 Depreciation and amortization 80,948 78,048 Taxes other than income 16,173 14,647 Operating Income $72,906 $42,097 73.2% |
![](https://capedge.com/proxy/8-K/0000950123-10-037963/b80642b80642z0004.gif)
Retail Electric Sales Volume by Customer Class Southern Territory MWh 4,086 3,789 4,002 4,194 4,121 4,293 |
![](https://capedge.com/proxy/8-K/0000950123-10-037963/b80642b80642z0005.gif)
Retail Electric Sales Volume by Customer Class Northern Territory 2,296 2,069 2,151 2,150 1,980 1,960 |
![](https://capedge.com/proxy/8-K/0000950123-10-037963/b80642b80642z0007.gif)
Residential Electric Customer Growth - 1st Quarter 2010 1.5% 5.0% 0.6% 2.2% 0.0% 2.7% 3.3% 1.2% - -0.2% - -0.4% |