News Releases

STATEMENT OF CLARIFICATION FROM STEVE RIGAZIO, PRESIDENT NEVADA POWER

Aug 30, 2000
9:00pm

Nevada Power
Contact: Sonya Headon
Phone: (702)367-5680

For Immediate Release

Regrettably, statements attributed to a company spokesman in today's Las Vegas Review-Journal mischaracterize Nevada Power's and Sierra Pacific Resources unwavering support for the implementation of the global settlement.

The fact remains that our position has not changed since we first entered into the agreement this past summer.

For the record, we have every intention of honoring and supporting the full and complete implementation of the negotiated agreement so that Nevada can take aggressive steps to avoid rate increases such as those occurring in other states, while at the same time begin the process of building more power supply for the state and region.