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NEVADA POWER COMPANY REPORTS EARNINGS

 NEVADA POWER COMPANY REPORTS EARNINGS
 LAS VEGAS, May 1 /PR Newswire/ -- Nevada Power Company (NYSE: NVP)


today reported net income of $2,022,000 for the first quarter ended March 31, 1992, as compared to a net loss of $32,000 for the first quarter of 1991. Earnings after requirement for preferred stock dividends were $820,000 or 2 cents per common share, compared to a loss of $718,000 or 2 cents per common share a year ago. Earnings were higher due mostly to an increase in general rates in November 1991.
 The company also reported net income for the twelve months ended March 31, 1992, of $37,231,000 compared to $20,424,000 a year earlier.
 12 Months Ended March 31
 1992 1991
 Revenues $547,452,000 $496,688,000
 Net Income $ 37,231,000 $ 20,424,000
 Earnings Available for
 Common Stock $ 33,835,000 $17,527,000
 Weighted Average
 Common Shares Outstanding 31,859,000 28,796,000
 Earnings Per Share $1.06 $.61
 Quarter Ended March 31
 Revenues $118,109,000 $109,432,000
 Net Income (Loss) $ 2,022,000 ($32,000)
 Earnings (Loss) Available for
 Common Stock $ 820,000 ($718,000)
 Weighted Average
 Common Shares Outstanding 33,077,000 29,016,000
 Earnings (Loss) Per
 Common Share $.02 ($.02)
 -0- 5/1/92
 /CONTACT: Rob McCoy, 702-367-5680, or for investor information contact Robyn A. Warsinske, Manager of Investor Relations, 702-367-5610, both of Nevada Power Company/
 (NVP) CO: Nevada Power Company ST: Nevada IN: UTI SU: ERN


DM -- LA029 -- 5638 05/01/92 17:05 EDT
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Date:May 1, 1992
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