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 28, 2003
Registrant, State of Incorporation, Address of
Commission File Principal Executive Offices and Telephone I.R.S. employer
Number Number Identification Number
1-08788 SIERRA PACIFIC RESOURCES 88-0198358
P.O. Box 10100
(6100 Neil Road)
Reno, Nevada 89520-0400 (89511)
(775) 834-4011
2-28348 NEVADA POWER COMPANY 88-0420104
6226 West Sahara Avenue
Las Vegas, Nevada 89146
(702) 367-5000
0-00508 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
On April 28, 2003, the First District Court of Nevada (the "Court") issued its
decision on Nevada Power Company's appeal of the March 29, 2002 decision of the
Public Utilities Commission of Nevada (the "PUCN") denying the recovery of $437
million of deferred energy costs incurred by Nevada Power Company (the
"Company") on behalf of its customers in 2001. In its decision, the Court denied
the Company's requests and affirmed the PUCN's order.
In its lawsuit, which was filed on April 11, 2002, the Company had requested
that the Court reverse portions of the PUCN's order and remand the matter to the
PUCN with direction that the PUCN authorize the Company to immediately establish
rates that would allow the Company to recover its entire deferred energy balance
of $922 million, with a carrying charge, over three years.
Management of the Company is currently evaluating its options in regard to the
Court's decision.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Businesses Acquired.
Not required
(b) Pro forma financial information.
Not required
(c) Exhibits.
None
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
(Registrant)
Date: April 29, 2003 By: /s/ John E. Brown
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John E. Brown
Vice President, Controller
NEVADA POWER COMPANY
(Registrant)
Date: April 29, 2003 By: /s/ John E. Brown
-------------- --------------------------------
John E. Brown
Vice President, Controller
SIERRA PACIFIC POWER COMPANY
(Registrant)
Date: April 29, 2003 By: /s/ John E. Brown
-------------- --------------------------------
John E. Brown
Vice President, Controller