Las Vegas-based utility
Sierra Pacific Resources
said its units, Nevada Power company and Sierra Pacific Power company have increased their existing credit facility by $100 million each.
These amended facilities consist of a $600 million revolving facility for Nevada Power and a $350 million revolving facility for Sierra Pacific Power, both to mature in November 2010.
The company intends to use the facilities for general corporate purposes, including increasing its liquidity to cover increased commodity prices, it said.
This story was created through a joint venture between TheStreet.com and IRIS.