Sierra Pacific Resources (NYSE: SRP) Board of Directors, meeting today in Las Vegas, approved a quarterly dividend on common stock of 25 cents per share, a continuation of the dividend level previously established. The dividend is payable Nov. 1, 2000, to shareholders of record at the close of business on Oct. 13, 2000.

Headquartered in Reno, Nev., Sierra Pacific Resources is an investor-owned corporation whose principal subsidiaries are Nevada Power Co., the electric utility for southern Nevada, and Sierra Pacific Power Co., the electric utility for most of northern Nevada and the Lake Tahoe area of California, and a natural gas and water distributor in the Reno - Sparks area. Other subsidiaries include the Tuscarora Gas Pipeline Co., which owns 50 percent interest in an interstate natural gas transmission partnership, and Sierra Pacific Communications, a telecommunications company.

SOURCE: Sierra Pacific Resources

Contact: Mark Ruelle, 775-834-5400, or Rich Atkinson, 775-834-4358, both
of Sierra Pacific Resources

Website: http://www.sierrapacific.com/