Fitch affirms NV Energy

Fitch Ratings said it affirmed the BB long-term issuer default rating for NV Energy, Inc. and the BB+ long-term issuer default rating for subsidiaries, Nevada Power Co. and Sierra Pacific Power Co.

The outlook is stable.

Ratings concerns include the company's moderately high debt leverage and relatively weak financial metrics, along with tough economic conditions in Nevada, Fitch said.

These concerns are somewhat offset by the completion of a multi-year plan to significantly increase company-owned generation and a balanced regulatory environment in Nevada, the agency said.

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