Las Vegas Sun

May 30, 2012

Currently: 86° | Complete forecast | Log in

Nevada electric utility loses $20.2 million in quarter

Tuesday, Aug. 8, 2000 | 10:58 a.m.

Sierra Pacific Resources of Reno, parent company of Nevada Power Co., Monday reported a loss for the second quarter ended June 30 of $20.2 million or 26 cents per share vs. a pro forma profit in the year-ago quarter of $26.5 million.

The 1999 quarter's loss included $70 million of unanticipated fuel and purchased power price increases caused by hot temperatures and tight power markets in the West.

archive

Most Popular