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Article: Sierra Pacific, Nevada Power Offer Emergency Plan to Assure Reliable, Reasonably Priced Electricity for Nevadans.
- Article from:
- PR Newswire
- Article date:
- January 29, 2001
CopyrightCOPYRIGHT 2001 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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LAS VEGAS, Jan. 29 /PRNewswire/ --
Warning that Nevada must take rapid and dramatic action to avoid being "engulfed by the financial and operational chaos" of the California energy market, Sierra Pacific Resources (NYSE: SRP) Chairman and CEO Walt Higgins today outlined an emergency package of proposed long-term contracts, tiered price increases, low income assistance and conservation programs to stabilize the energy markets in the state.
In the plan filed today with the Public Utilities Commission of Nevada (PUCN), Sierra Pacific's Nevada Power and Sierra Pacific Power utility subsidiaries are proposing short-term emergency price increases ranging from ...