UNITED STATES
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) January 16, 2007
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 | ||||
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)) 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events | ||||||||
Item 9.01 Financial Statements and Exhibits | ||||||||
SIGNATURES | ||||||||
Item 8.01 Other Events
On January 16, 2007, Nevada Power Company (NPC), a subsidiary of Sierra Pacific Resources, submitted to the Public Utilities Commission of Nevada (PUCN) two applications: NPC's annual mandatory deferred energy rate case filing and a request to recover costs associated with terminated power contracts. If approved by the PUCN, the overall effect of both filings would be an approximate one percent decrease in NPC's overall customer revenues. In its deferred filing, NPC seeks to reduce its base tariff energy rate due to expected lower fuel costs and asks for recovery of approximately $72 million in past fuel and purchased power costs, both effective June 1, 2007. The filing, if approved, would lessen the impact of NPC's general rate case filing, previously filed on November 15, 2006, which requests a general rate increase to be effective as of June 1, 2007. The second filing requests recovery of costs associated with the settlement of claims for power contracts executed during the western energy crisis. NPC is seeking approximately $21 million, over a period of four years, to recover costs relating to the settlement of these claims. While the PUCN has up to 210 days to decide a fuel and purchased power case, NPC has requested that the rates become effective June 1, 2007. |
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits— The following exhibit is filed with this Form 8-K:
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: January 18, 2007 | By: | /s/ John E. Brown | |
John E. Brown | |||
Controller | |||
Nevada Power Company (Registrant) | |||
Date: January 18, 2007 | By: | /s/ John E. Brown | |
John E. Brown | |||
Controller | |||