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
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported)March 2, 2009
Commission File | Registrant, State of Incorporation, Address of | I.R.S. employer | ||
Number | Principal Executive Offices and Telephone | Identification | ||
Number | Number | |||
1-08788 | NV ENERGY, INC. | 88-0198358 | ||
Nevada | ||||
6226 West Sahara Avenue | ||||
Las Vegas, Nevada 895146 | ||||
(702) 402-5000 | ||||
2-28348 | NEVADA POWER COMPANY | 88-0420104 | ||
d/b/a NV Energy | ||||
Nevada | ||||
6226 West Sahara Avenue | ||||
Las Vegas, Nevada 895146 | ||||
(702) 402-5000 |
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)) |
2.03 — Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On March 2, 2009, Nevada Power Company d/b/a NV Energy (“Nevada Power”), a wholly-owned subsidiary of NV Energy, Inc., issued and sold $500 million of its 7.125% General and Refunding Mortgage Notes, Series V, due 2019 (the “Series V Notes”). Nevada Power will pay interest on the Series V Notes on March 15 and September 15 of each year, beginning on September 15, 2009. The Series V Notes will mature on March 15, 2019. The Series V Notes were issued pursuant to a registration statement (No. 333-146100-02) previously filed with the Securities and Exchange Commission (“SEC”). Nevada Power filed a prospectus supplement with the SEC in connection with the issuance of the Series V Notes.
The net proceeds from the issuance of the Series V Notes will be approximately $495.8 million, after deducting the underwriting discount and estimated expenses. Nevada Power intends to use approximately $403.6 million of the net proceeds from the sale of the Series V Notes to repay amounts outstanding under Nevada Power’s Revolving Credit Facility with Wachovia Bank, N.A., dated November 4, 2005, as amended, and the remaining approximately $92.2 million of the net proceeds from the sale of the Series V Notes for general corporate purposes.
Nevada Power 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 V Notes being redeemed plus a make-whole premium.
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.
NV Energy, Inc. (Registrant) | ||||
Date: March 2, 2009 | By: | /s/ E. Kevin Bethel | ||
E. Kevin Bethel | ||||
Chief Accounting Officer |
Nevada Power Company d/b/a NV Energy (Registrant) | ||||
Date: March 2, 2009 | By: | /s/ E. Kevin Bethel | ||
E. Kevin Bethel | ||||
Chief Accounting Officer | ||||