Sierra Pacific Resources
Contact:
Analyst Contact: Jim McMorran (775)834-4640
Media Contact: Karl Walquist (775)834-3891
Phone: See above

For Immediate Release

Reno, Nev. -- Sierra Pacific Resources (NYSE: SRP) Chairman and Chief Executive Officer Walter M. Higgins and other company executives will review the company's fourth quarter 2000 financial results during a live webcast on Tuesday, Feb. 20, 2001, at 7 a.m. Pacific Standard Time. Interested parties can access the webcast using this link:www.sierrapacificresources.com/investors/news. Click on the StreetFusion icon to access the webcast.

A recording of the conference call will be available for two weeks on the Sierra PacificInvestor Newswebsite andStreetFusionat www.streetfusion.com. An 800 number will also be listed on the web sites for those who'd rather listen to the recording by telephone.

Headquartered in Reno, Nevada, Sierra Pacific Resources is a holding company whose principal subsidiaries are Nevada Power Company, the electric utility for southern Nevada, and Sierra Pacific Power Company, 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 Company, which owns 50% interest in an interstate natural gas transmission partnership, and Sierra Pacific Communications, a telecommunications company.