This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nevada Power Company D/b/a NV Energy Announces Make-Whole Premium Relating To Redemption Of Notes

LAS VEGAS, Dec. 4, 2013 /PRNewswire/ -- Nevada Power Company d/b/a NV Energy (the "Company"), a wholly-owned subsidiary of NV Energy, Inc. (NYSE:NVE), announced today that it has established the make-whole premium for each $1,000 principal amount of its 7.375% General and Refunding Mortgage Notes, Series U, due 2014 (the "Notes") which the Company previously announced that it would redeem.  The redemption date will be December 9, 2013.


The redemption price for each $1,000 principal amount of the Notes will be $1,006.84, which includes a make-whole premium of $6.84.  The Company will also pay accrued and unpaid interest on the Notes to, but not including, the redemption date.

The make-whole premium for the Notes was calculated by J.P. Morgan Securities LLC in accordance with the terms of the Notes. The terms of the redemption are described in the notice of redemption which was sent to the registered holders of the Notes on or about November 8, 2013.  Notes are to be surrendered to The Bank of New York Mellon, the Paying Agent, in exchange for payment of the redemption price and accrued interest.  Questions relating to, and requests for additional copies of, the notice of redemption should be directed to The Bank of New York Mellon, which can be reached at (800) 254-2826 or by mail at:  The Bank of New York Mellon, Attn: Redemption Department, at 111 Sanders Creek Parkway, 2 nd Floor, East Syracuse, NY 13057.

Nevada Power Company d/b/a NV Energy is the electric utility for Las Vegas, North Las Vegas, Henderson and adjoining areas in southern Nevada. 

Headquartered in Las Vegas, NV Energy, Inc. is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, are doing business as NV Energy. Serving a combined service territory of nearly 46,000 square miles, NV Energy provides a wide range of energy services and products to approximately 2.4 million residents of Nevada and nearly 40 million tourists annually.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, the securities of the Company, nor shall there be any offer, solicitation or sale of any securities of the Company in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities law of any such state or jurisdiction.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs