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) April 19, 2001
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Registrant, State of Incorporation, Address of
Commission File Principal Executive Offices and Telephone I.R.S. employer
Number Number Identification Number
1-8788 SIERRA PACIFIC RESOURCES 88-0198358
P.O. Box 10100
(6100 Neil Road)
Reno, Nevada 89520-0400 (89511)
(775) 834-4011
1-4698 NEVADA POWER COMPANY 88-0045330
6226 West Sahara Avenue
Las Vegas, Nevada 89146
(702) 367-5000
0-508 SIERRA PACIFIC POWER COMPANY 88-0044418
P.O. Box 10100
(6100 Neil Road)
Reno, Nevada 89520-0400 (89511)
(775) 834-4011
None
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(Former name, former address and former fiscal year, if changed since last
report)
Item 5. Other Events
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Nevada Legislative Activity
On April 18, 2001, Sierra Pacific Resources (the parent corporation of
Nevada Power Company (NVP) and Sierra Pacific Power Company (SPPC)) issued a
press release announcing that Assembly Bill 369 (AB 369) was passed by the
Nevada Legislature, signed by Governor Guinn, and is effective immediately. AB
369 ends utility deregulation in Nevada and prohibits NVP and SPPC from selling
their electric generation plants until July 1, 2003. After that date, sales of
generation plants would still require the prior approval of the Public Utilities
Commission of Nevada (PUCN). The legislation also (1) establishes deferred
energy accounting for the utilities which allows them to recover costs for
wholesale power over time, (2) establishes as NVP and SPPC's base rates the
rates in effect as of March 1, 2001 (including the Comprehensive Energy Plan
(CEP) rider and previously filed fuel and purchased power riders through April
1, 2001), (3) provides that the PUCN will take no further action on the NVP and
SPPC CEP, and (4) terminates the filing of fuel and purchased power riders by
the two utilities pursuant to their earlier settlement with the PUCN.
A copy of the press release, dated April 18, 2001, is attached as Exhibit
99.1 hereto. Information regarding the history and contents of AB 369 may be
found at www.leg.state.nv.us.
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Item 7. Financial Statements and Exhibits
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(a) Financial Statements of Businesses Acquired.
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Not required
(b) Pro forma financial information.
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Not required
(c) Exhibits.
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99.1 Sierra Pacific Resources- Press Release issued April 18, 2001
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Sierra Pacific Resources
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(Registrant)
Date: April 20, 2001 By: /s/ Mark A. Ruelle
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Mark A. Ruelle
Senior Vice President
Treasurer
Chief Financial Officer
(Principal Financial Officer)
Nevada Power Company
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(Registrant)
Date: April 20, 2001 By: /s/ Mark A. Ruelle
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Mark A. Ruelle
Senior Vice President
Treasurer
Chief Financial Officer
(Principal Financial Officer)
Sierra Pacific Power Company
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(Registrant)
Date: April 20, 2001 By: /s/ Mark A. Ruelle
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Mark A. Ruelle
Senior Vice President
Treasurer
Chief Financial Officer
(Principal Financial Officer)
Exhibit Index
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Exhibit 99.1
Sierra Pacific Resources- Press Release issued April 18, 2001.