News Releases

Stephen E. Frank, Former Southern California Edison CEO, Elected to NV Energy, Inc.'s Board of Directors

Feb 23, 2009

NV Energy, Inc. (NYSE: NVE) today announced that Stephen E. Frank, long-time utility industry leader who served as chairman, president and CEO of Southern California Edison from 1995 until his retirement in 2002, has been elected to NV Energy’s board of directors, effective immediately.

Frank, whose career has included top management, as well as directorship positions with major corporations throughout America, was president and chief operating officer of Florida Power and Light Company, as well as a director of FPL Group, the parent company, from 1990 until 1995. Other management positions held during his career have included executive vice president and CFO of TRW Inc., and vice president, controller and treasurer of GTE Corporation.

“We are delighted to have Steve’s vast utility industry experience available to our company and board of directors, but also his breadth of knowledge gained in a variety of diversified industries and organizations,” said Michael Yackira, NV Energy’s president and chief executive officer.

A resident of Reno, Nevada, Frank currently serves on the boards of Northrop Grumman Corporation, Aegis Insurance Services, Inc., Washington Mutual, Inc., and the Los Angeles Philharmonic. In recent years, he has served on the boards of Puget Energy, Inc., Edison International, and Intermec, Inc.

He holds a bachelor’s degree from Dartmouth College, an MBA in finance from the University of Michigan, and completed the Advanced Management Program at Harvard Business School. Frank was named a Class of 2008 Outstanding Director by the ODX Outstanding Directors Program.

Headquartered in Nevada, NV Energy, Inc. is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, are doing business as NV Energy. Serving a 54,500-square-mile service territory that stretches north to south from Elko to Laughlin, NV Energy provides a wide range of energy services and products to approximately 2.4 million citizens of Nevada, as well as approximately 40 million tourists annually.

For further information: p>Source: NV Energy, Inc.

NV Energy, Inc., Las Vegas
Media Contact: Andrea Smith, 702-402-5843
Analyst Contact: Britta Carlson, 702-402-5624