Nevada Power borrows $466.4 million under revolver

By Sara Rosenberg

New York, Oct. 20 - Nevada Power Co. drew down $466.4 million under its revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission Monday.

The draw was made on Oct. 14.

The revolver borrowings, along with cash on hand, was used to fund the about $510 million purchase of the Bighorn Power Plant.

Nevada Power is a Las Vegas-based regulated public utility engaged in the distribution, transmission, generation, purchase and sale of electric energy.

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