NV Energy, Inc.

Reno, NV United States

  (NYSE: NVE)

Company Description

As Nevada's dominant electric utility, NV Energy (formerly Sierra Pacific Resources) keeps casinos powered 24 hours a day. Subsidiaries Sierra Pacific Power and Nevada Power (which do business under the NV Energy brand) provide electricity to about 1.2 million customers and natural gas to 151,000 customers in Nevada and California. They also serve an annual tourist population of 40 million. The utilities generate more than 6,000 MW of fossil-fueled net capacity and sell power to wholesale customers in the western US. NV Energy also owns Sierra Pacific Communications, a fiber-optic telecommunications service, and Lands of Sierra, a real estate unit. Neither contribute materially to NV Energy's bottom line.