NV Energy NYSE: NVE is a utility holding company based in Reno, Nevada.
The company's focus is in energy distribution and commercial and retail sales of electricity and natural gas. It wants to build a new coal-burning plant in Nevada.[1]
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History
Sierra Pacific Resources was created in 1984 in the reorganization of Sierra Pacific Power Company (formed 1928). In 1999, it merged with Las Vegas based Nevada Power Company.
On January 9, 2006 the company announced a plan to connect the Nevada Power and Sierra Pacific electrical networks. In addition the company announced plans to construct two 750MW pulverized coal generation units near Ely. The plant site will be designed to allow the addition of two 500MW coal gasification units if that technology becomes affordable.
On September 22, 2008, Nevada Power and Sierra Pacific Power began doing business as NV Energy. This is the result of the corporate decision to unify its image under a single brand. The company is seeking approval from shareholders to change the company's name to NV Energy, Inc.[2]
Subsidiaries
- Nevada Power Company provides electric power in southern Nevada
- Sierra Pacific Power Company provides electric power and natural gas in northern Nevada and parts of California
- Company was formed in 1928, but has roots dating back to the 1850s.
- December 15, 2005 received approval to add an additional 514 MW natural gas fired unit to the Tracy Generating Station to be online in 2008.
R&R Partners
R&R Partners represents Sierra Pacific Resources.[1]
References
- ^ a b http://blogforcleanair.blogspot.com/2008/01/obama-coal-connection-nevada-adviser-is.html
- ^ Sierra Pacific Resources (2008-09-22). "Nevada Power and Sierra Pacific Power Renamed NV Energy". Press release. http://investors.sierrapacificresources.com/phoenix.zhtml?c=117698&p=irol-newsArticle&ID=1199473&highlight=. Retrieved 2008-09-22.
External links
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