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twitterEarnings decline for LV utility
Wednesday, April 14, 1999 | 10:36 a.m.
Nevada Power Co. today reported a first quarter profit of $4.4 million, or 9 cents per share; down from $6.9 million or 14 cents in the year-ago quarter.
Revenue of $182 million was up from $165 million.
"Despite customer growth, earnings decreased primarily due to mild weather and increases in interest and depreciation expenses due to infrastructure requirements associated with customer growth," the utility said.
Nevada Power, which serves the Las Vegas area, is merging with Sierra Pacific Resources Inc. of Reno.
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