Sierra Pacific Resources
Contact: Shareholder Relations Department
Phone: (800) 662-7575

For Immediate Release

Sierra Pacific Resources 2004 Annual Shareholders'Meeting is scheduled for 10 a.m. Pacific Daylight Time on Monday, May 3, in the convention center at Harrah's Hotel/Casino, 219 North Center St., in Reno, Nevada.

The meeting is open to registered shareholders of the company but not to the general public.

Among ballot issues to be considered by shareholders are the election of three members of the company's Board of Directors, a measure regarding renewal of the Executive Long-Term Incentive Plan, and a shareholder proposal to submit to shareholder vote at the earliest practicable time any decision to maintain, continue or adopt a Shareholders'Rights Plan.

Nominees for election to the Board of Directors for a three- year term expiring in 2007 are Walter M. Higgins, chairman, president and chief executive officer of the company since Aug. 8, 2000; James R. Donnelley, director and past chairman, PMP, Inc., a publishing and distribution company, and a Sierra Pacific Board member since 1987; and John F. O'Reilly, chairman and chief executive officer of the law firm of O'Reilly& Ferrario, LLC, and a Sierra Pacific Board member since 1995.

Following the business meeting, senior management will update shareholders on the company's financial performance and review other matters affecting the company.

For more information about the meeting, please contact Sierra Pacific's Shareholder Relations Department at (800) 662-7575 or (775) 834-3610, or at sharerelations@sppc.com.