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Sierra Pacific Resources (SRP) is in the Energy Industry

Revenue
Dec 31 2007
$3.6B
Profit
Dec 31 2007
$197.2M
Market Cap
Nov 18 2008
$2.1B

Latest News and Analysis

  • Shareholders Approve Sierra Pacific Resources' Name Change to NV Energy, Inc

    LAS VEGAS -- Shareholders of Sierra Pacific Resources (NYSE:SRP) today approved changing the corporate name to NV Energy, Inc. Effective tomorrow, November 20, 2008, NV Energy, Inc. will be traded on the New York Stock Exchange under the trading symbol "NVE." Michael Yackira, president and chief executive officer,...

    Articles 2008-11-19

  • Sierra Pacific Resources Reports Third Quarter 2008 Earnings

    LAS VEGAS, Nov. 3 /PRNewswire-FirstCall/ -- Sierra Pacific Resources today announced consolidated net income applicable to common stock of $150.8 million, or 64 cents per share, for the quarter ended September 30, 2008, compared with consolidated net income applicable to common stock of $152.2 million, or 69 cents...

    Articles 2008-11-03

  • Sierra Pacific Resources Announces Quarterly Dividend

    LAS VEGAS -- Sierra Pacific Resources (NYSE: SRP) announced that its board of directors yesterday declared a cash dividend of 10 cents per share, payable on December 17, 2008, to shareholders of record on December 2, 2008. The company had previously paid 8 cents per share since resuming...

    Articles 2008-10-31

  • Sierra Pacific Resources' Board of Directors Declares Quarterly Dividend

    LAS VEGAS -- Sierra Pacific Resources (NYSE: SRP) announced that its board of directors today declared a cash dividend of 10 cents per share, payable on December 17, 2008, to shareholders of record on December 2, 2008. The company had previously paid 8 cents per share since resuming...

    Articles 2008-10-31

  • Energy Expert and Former Florida Regulatory Chairman Elected to Sierra Pacific Resources Board of Directors

    LAS VEGAS -- Sierra Pacific Resources (NYSE: SRP) today announced that Susan F. Clark, an attorney with 28 years experience specializing in energy law and utility regulation matters, has been elected to Sierra Pacific's board of directors, effective immediately. Clark, who formerly served as chairman of the state...

    Articles 2008-10-30

  • Reliant Energy Completes Sale of Bighorn Generating Facility

    HOUSTON -- Reliant Energy today completed the previously announced sale of its Bighorn Generating Station for approximately $500 million to Nevada Power Company DBA NV Energy, a wholly owned subsidiary of Sierra Pacific Resources. Reliant Energy expects to record a pre-tax gain of approximately $45 million during the...

    Articles 2008-10-20

  • NV Energy Purchase of Bighorn Generating Facility Completed

    LAS VEGAS -- NV Energy announced today the completion of the acquisition of the 598-megawatt Bighorn Generating Facility from a subsidiary of Reliant Energy, Inc. The purchase by Nevada Power Company, d/b/a NV Energy, amounted to approximately $510 million, including inventory and other closing costs and adjustments. NV...

    Articles 2008-10-20

  • Sierra Pacific Resources to Report Third Quarter Financial Results on Nov. 3

    LAS VEGAS, Oct. 20 /PRNewswire-FirstCall/ -- Senior management of Sierra Pacific Resources will review the company's third quarter 2008 financial results, regulatory issues and other matters during a conference call and webcast on Monday, Nov. 3, at 7 a.m. Pacific Standard Time. The live webcast will...

    Articles 2008-10-20

  • Vertex announces contract extension with NV Energy

    CORPORATE IT UPDATE-C1995-2008 M2 COMMUNICATIONS LTD Vertex, a business process outsourcer and IT services company, announced on Thursday (9 October) the signing of a seven-year contract with NV Energy (NYSE:SRP), a public utility company in the US formerly called Sierra Pacific Resources Company. According to the...

    Articles 2008-10-10

  • Vertex announces contract extension with NV Energy

    TELECOMWORLDWIRE-10 October 2008-Vertex announces contract extension with NV EnergyC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Vertex, a business process outsourcer and IT services company, announced on Thursday (9 October) the signing of a seven-year contract with NV Energy (NYSE:SRP), a public utility company in the US formerly called Sierra Pacific...

    Articles 2008-10-10

  • Shaw Awarded EPC Contract for 500-Megawatt Natural Gas Combined Cycle Electric Generating Plant by NV Energy

    BATON ROUGE, La. -- The Shaw Group Inc. (NYSE: SGR) today announced that the Fossil/Nuclear segment within its Power Group has been awarded an engineering, procurement and construction EPC contract by NV Energy, a wholly owned subsidiary of Sierra Pacific Resources (NYSE: SRP), for the continuing construction of a new...

    Articles 2008-10-06

  • Beacon Equity Issues Technical Trade Alerts on Recent Analyst Upgrades: ALU, SRP, ES, CMI, INFA, AKS

    DALLAS, Oct. 2 /PRNewswire/ -- BeaconEquity.com announces the availability of Trade Alerts on stocks making news today. Investors can view all of the daily trading notes for free by visiting: http://www.beaconequity.com/m Today's Trade Alerts include: Alcatel-Lucent , Sierra Pacific Resources , EnergySolutions Inc. , Cummins...

    Articles 2008-10-02

  • NV Energy Receives PUCN Approval for Construction of Harry Allen Generating Plant and Acquisition of Bighorn Power Facility

    LAS VEGAS -- NV Energy, a Sierra Pacific Resources (NYSE: SRP) company, today received approval from the Public Utilities Commission of Nevada PUCN to construct a new 484-megawatt MW natural gas combined cycle electric generating plant at its Harry Allen Generating Station and to acquire the 562-MW natural gas combined...

    Articles 2008-10-01

  • Proposals for Renewable Energy Resources Sought by Sierra Pacific Resources' Nevada Utilities

    LAS VEGAS -- Sierra Pacific Resources (NYSE:SRP) announced today that its two Nevada-based utility subsidiaries, now doing business as NV Energy, have issued a Request for Proposals RFP for renewable energy resources. Proposals will be considered for the following types of renewable energy resources: solar, wind, geothermal, biomass...

    Articles 2008-09-29

  • Sierra Pacific Resources Announces Date of Special Meeting of Stockholders

    LAS VEGAS -- Sierra Pacific Resources (NYSE: SRP) announced today that a special meeting of its stockholders has been called for Wednesday, Nov. 19, at 10 a.m., Pacific time, at the offices of Nevada Power Company - now doing business as NV Energy - 6226 W. Sahara Ave., Las Vegas....

    Articles 2008-09-23

  • Nevada Power and Sierra Pacific Power Renamed NV Energy

    Sierra Pacific Resources to Seek Shareholder Approval for Same Corporate Name to Reflect Sharper Focus, Emphasis on Nevada LAS VEGAS & RENO, Nev. -- Sierra Pacific Resources (NYSE: SRP) today announced that, effective immediately, the company's utilities, Nevada Power Company and Sierra Pacific Power Company, will do business...

    Articles 2008-09-22

  • Kern River Pipeline Reports Successful Open Season

    SALT LAKE CITY -- Kern River Gas Transmission Company today announced it completed a successful binding open season to expand its system. John Dushinske, Kern River vice president of marketing and regulatory affairs, made the announcement at the Wyoming Natural Gas Fair in Jackson Hole, Wyo. Based on...

    Articles 2008-09-18

  • Cover Story. Gas-Fired Top Plants: Frank A. Tracy Combined Cycle Plant, Reno, Nevada

    Owner/Operator: Sierra Pacific Resources face=+Italic; At 564 MW, Sierra Pacific Resources' Frank A. Tracy Combined Cycle Plant is the largest power project constructed in northern Nevada in 24 years and will reduce the state's dependence on expensive power purchases from out-of-state suppliers. The project achieved a significant safety milestone...

    Articles 2008-09-01

  • Sierra Pacific Resources CEO Michael Yackira Addresses Clean Energy Summit

    LAS VEGAS -- In a presentation today at the National Clean Energy Summit, Sierra Pacific Resources (NYSE:SRP) President and Chief Executive Officer Michael Yackira outlined a three-part energy supply strategy that focuses on increasing investments in energy efficiency and conservation, expanding renewable energy initiatives and adding generation that uses clean,...

    Articles 2008-08-19

  • Renewables Investments and Transmission Studies for Sierra Pacific Resources Utility Approved By PUCN

    Nevada Power Company Moves Forward with Its First Renewables Investment in Southern Nevada LAS VEGAS -- Nevada Power Company, a wholly owned subsidiary of Sierra Pacific Resources (NYSE:SRP), today received approval from the Public Utilities Commission of Nevada for development of two renewable energy generating plants. Combined, both...

    Articles 2008-07-30

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  • Incorporated: 1983
  • CEO: Mr. Michael W. Yackira CPA

Sierra Pacific Resources is a holding company. Co. has six primary, wholly-owned subsidiaries: Nevada Power Company (NPC), Sierra Pacific Power Company (SPPC), Tuscarora Gas Pipeline Company, Sierra Pacific Communications, Sierra Pacific Energy Company, and Lands of Sierra. NPC and SPPC provides electric service to Las Vegas and surrounding Clark County, northern Nevada and the Lake Tahoe area of California, and also provides natural gas service in the Reno-Sparks area of Nevada. As of Dec 31 2007, NPC served approximately 826,000 electric customers, while SPPC served about 366,000 electric customers and about 149,000 natural gas customers.

Key Competitors

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Sierra Pacific Resources Company Info

Board of Directors

Mr. Philip G. Satre

Non-Executive Chairman

Mr. John F. O'Reilly

Mr. Michael W. Yackira CPA

Mr. Joseph B. Anderson Jr.

Mr. Glenn C. Christenson

Ms. Mary Lee Coleman

Mr. Theodore J. Day

Mr. Jerry E. Herbst

Mr. Donald D. Snyder

Mr. Brian J. Kennedy

Contact Information

6100 Neil Road

Reno, NV

http://www.sierrapacificresources.com

775 834-4011

NAICS Code

Hydroelectric Power Generation: 221111
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