Nevada Power to Redeem Bonds

The redemption is May 30.
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Nevada Power, a wholly owned subsidiary of

Sierra Pacific Resources

(SRP)

, said it will redeem its 7.2% industrial development refunding revenue bonds series 1992C, on May 30, 2006. The aggregate principal outstanding for the bond is $78 million.

The bonds will be redeemed at 100% of its principal amount together with the accrued and unpaid interest as of redemption, the company said in a press release.

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