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Article: Sierra Pacific - Nevada Power Complete Merger Today.
- Article from:
- PR Newswire
- Article date:
- July 28, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RENO, Nev., July 28 /PRNewswire/ -- Sierra Pacific Resources (NYSE: SRP) and Nevada Power Co. have completed their merger. Today's close of the merger transaction is the last step in a 15-month process to merge the two Nevada utilities that included approvals from both companies' shareholders, state and federal regulators.
"We're done," exclaimed the new Sierra Pacific Resources Chairman and CEO, Michael R. Niggli. "It's been a long road to complete a merger, yet ours has been one of the fastest mergers among electric utilities in the nation." He credited the success to a good working relationship between the merged companies and praised state and federal ...