Nevada Power to repay series O notes, some series S notes

By Marisa Wong

Morgantown, W.Va., April 9 – Nevada Power Co. plans to repay its $325 million of 6.5% general and refunding mortgage notes, series O, due May 2018 and a portion of its $500 million of 6.5% general and refunding mortgage notes, series S, due August 2018 using proceeds from an offering of new notes, according to a 424B5 filing with the Securities and Exchange Commission.

The company expects to price general and refunding mortgage notes, series BB, due 2020.

The company also plans to use funds from the new notes for general corporate purposes.

The electric utility is a wholly owned subsidiary of Las Vegas-based NV Energy, Inc., which provides energy services.

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