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NEVADA POWER'S TAX-EXEMPT BONDS ARE REFINANCED

 NEVADA POWER'S TAX-EXEMPT BONDS ARE REFINANCED
 LAS VEGAS, Nov. 4 /PRNewswire/ -- Nevada Power Co. (NYSE: NVP)


continues to take advantage of low interest rates to refinance its long-term debt. The Las Vegas-based company announced today the sale of $78 million of Clark County, Industrial Development Refunding Revenue Bonds, (Nevada Power Co. Project) Series 1992C. The 30-year tax-exempt bonds bear interest of 7.2 percent.
 Proceeds from the sale will be used to refund $78 million 10-percent Industrial Development Revenue Bonds originally issued in 1983. Interest savings on the bonds is approximately $1.9 million per year. This is the second such refinancing in the last six months with combined savings expected to be approximately $4.5 million annually over the next 20 years.
 The 7.2 percent bonds sold today are rated Baa3 by Moody's Investors Service, BBB- by Standard & Poor's Corp., BBB by Fitch Investors Service and BBB by Duff & Phelps. Payment of principal and interest on the bonds are guaranteed by Nevada Power.
 -0- 11/4/92
 /CONTACT: Rob McCoy, 702-367-5680, or (investor information) Robyn A. Warsinske, manager-investor relations, 702-367-5610, both of Nevada Power/
 (NVP) CO: Nevada Power Co. ST: Nevada IN: UTI SU:


BP-JB -- LA035 -- 2617 11/04/92 15:20 EST
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Publication:PR Newswire
Date:Nov 4, 1992
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