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NEVADA POWER ANNOUNCES RESULTS FROM COMMON STOCK OFFERING

 NEVADA POWER ANNOUNCES RESULTS FROM COMMON STOCK OFFERING
 LAS VEGAS, April 14 /PRNewswire/ -- Nevada Power Company (NYSE: NVP)


today announced the successful sale of 2,990,000 shares of common stock. The company had been approved to sell 2.6 million shares, plus an additional 390,000 shares to cover over allotment.
 Net proceeds from the sale of $52.3 million will be used to pay down short-term debt incurred mainly as a result of new construction to meet major growth demands in the company's Southern Nevada service territory. The company added more than 18,000 new customers in 1991, a 5.3 percent increase from the previous year.
 "We are pleased by the response from those who are willing to invest in Nevada Power," said Steven Rigazio, vice president and chief financial officer. "This is an important part of our overall corporate financial strategy."
 As of April 14, 1992, Nevada Power Company had approximately 36 million shares of common stock outstanding.
 -0- 4/14/92
 /CONTACT: Robyn A. Warsinske (investors), 702-367-5610, or Rob McCoy, 702-367-5680, both of Nevada Power/
 (NVP) CO: Nevada Power Company ST: Nevada IN: UTI SU: OFR


CH -- LA029 -- 5930 04/14/92 14:49 EDT
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Publication:PR Newswire
Date:Apr 14, 1992
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