September 17, 2014 7:14 PM ET

Electric Utilities

Company Overview of Sierra Pacific Power Company

Company Overview

Sierra Pacific Power Company, through its subsidiaries, operates as a regulated electric and natural gas utility company in the United States. It operates through two segments, Regulated Electric and Regulated Natural Gas. The company is engaged in generating, transmitting, distributing, and selling electricity; and distributing, selling, and transporting natural gas to residential and commercial customers, and governments, as well as to industrial customers, including gaming, recreation, warehousing, and manufacturing industries. It also sells electricity and natural gas to other utilities, municipalities, and energy marketing companies on a wholesale basis. Sierra Pacific Power Company ser...

6100 Neil Road

Reno, NV 89511

United States

Founded in 1912

1,000 Employees

Phone:

775-834-4011

Key Executives for Sierra Pacific Power Company

Principal Executive Officer
Age: 60
Chief Financial Officer
Age: 50
Chief Operating Officer and Executive Vice President
Age: 58
Senior Vice President of Energy Delivery
Age: 64
Senior Vice President
Compensation as of Fiscal Year 2014.

Sierra Pacific Power Company Key Developments

NV Energy, Inc., Nevada Power Company and Sierra Pacific Power Company Commence Tender Offers for Entire Principal Amount Outstanding of Certain Series of Notes

NV Energy, Inc. and its wholly owned subsidiaries, Nevada Power Company and Sierra Pacific Power Company announced that each has commenced tender offers for the entire principal amount outstanding of certain series of notes at a purchase price equal to $1,010 per $1,000 principal amount of notes tendered resulting in an aggregate purchase price of approximately $4.06 billion in the event all notes are tendered. The tender offers will expire January 21, 2014, unless extended or earlier terminated, and payment for tendered notes will be made on or about January 24, 2014.

FERC Issues Order to Truckee Donner Public Utility District Versus NV Energy Operating Companies Regarding Shortening Time to Answer

On November 7, 2013, Nevada Power Company and Sierra Pacific Power Co., both doing business as NV Energy Inc. (collectively, NV Energy Operating Companies), filed a Motion for Interim Rates and Request for Expedited Consideration seeking authorization to implement the Schedule 4 rates contained in the Settlement on an interim basis, effective September 1, 2013. For good cause shown, the Chief Judge shortens the time to answer to 12:00 p.m. Eastern Standard Time on November 13, 2013.

Sierra Pacific Power Company Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Sierra Pacific Power Company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported operating revenues of $213,463,000 against $212,073,000 a year ago. Operating income was $57,518,000 against $65,664,000 a year ago. Income before income tax expense was $42,942,000 against $50,948,000 a year ago. Net income was $29,251,000 against $34,427,000 a year ago. For the nine months period, the company reported operating revenues of $560,392,000 against $549,886,000 a year ago. Operating income was $135,828,000 against $145,296,000 a year ago. Income before income tax expense was $92,278,000 against $99,346,000 a year ago. Net income was $61,931,000 against $65,750,000 a year ago.

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Recent Private Companies Transactions

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Date
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