Facebook
Fark
Digg
Reddit
StumbleSierra Pacific Resources and Nevada Power merge
Wednesday, July 28, 1999 | 3:03 a.m.
RENO, Nev. - Sierra Pacific Resources and Nevada Power are now one in the same.
Nevada's two utility giants completed their $2.5 billion merger on Wednesday.
As of Thursday, the combined Sierra Pacific Resources based in Reno will begin trading under SRP on the New York Stock Exchange.
The new company plans on focusing on transmission and distribution of electricity as Nevada moves closer to deregulation of the industry early next year.
About 300 jobs are being eliminated. Company officials said about 100 positions have been left vacant since the merger was announced and nearly 200 employees have accepted severance packages.
archive
Most Popular
- Viewed
- Discussed
- E-mailed
- Photos: J.Lo, Marc Anthony and Jamie King celebrate ‘The Chosen’ at Mandalay
- Two dead after being hit near Las Vegas Outlet Center
- Photos: Ice-T and Coco party at Venus Pool Club and host at LAX
- Entering debut at Tryst, Nick Hissom is a model for a rapid rise to prominence
- Dario Franchitti wins the 96th Indianapolis 500
Everything Under the Sun
Blogs
The Kats Report
Entering debut at Tryst, Nick Hissom is a model for a rapid rise to prominence
Michael Gaughan says no to return of 'Vegas Stripped' to South Point; Steve Wynn has enough nightclubs (3 Comments)
Cosmopolitan sizzling over serving as host hotel for Bravo's 'Top Chef Masters'
Suffering from respiratory illness, Elton John spikes three shows at Caesars
Jeff Tracta, Rich Little, Jonathan Clark and a few words about impressionists
Monti Rock III on the mend; Carla Pellegrino's Bacio marks one year at Trop; Barbara Cook postpones shows
For a moment, the circus halts to honor one of its greats (1 Comment)
- Locally owned and independent since 1950; Winner of the Pulitzer Prize for Public Service, best news website in the nation & DuPont Award for broadcast journalism
Facebook Connect