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Published on 7/15/2008 in the Prospect News High Yield Daily.

Nevada Power calls 9% series G mortgage notes due 2013

By Devika Patel

Knoxville, Tenn., July 15 - Nevada Power Co. said it will redeem the remaining $17.24 million of its 9% general and refunding mortgage notes, series G, due 2013 on Aug. 15.

The company will pay $1,045 for each $1,000 in notes, which includes interest to the redemption date.

Bank of New York Mellon (formerly Bank of New York) is the trustee.

The Las Vegas-based electric utility is a subsidiary of Sierra Pacific Resources.


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