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NEVADA POWER EARNINGS UP

 NEVADA POWER EARNINGS UP
 LAS VEGAS, Oct. 27 /PRNewswire/ -- Nevada Power Co. (NYSE: NVP)


today reported net income of $42,981,000 for the third quarter ended Sept. 30, 1992, compared with net income of $30,990,000 for the third quarter of 1991. Earnings after requirements for preferred stock dividends were $41,983,000, or $1.15 per average common share, compared with $30,378,000, or 94 cents per average common share, in 1991. Higher earnings for the quarter reflect two increases in general rates, in November 1991 and July 1992, and a 6 percent increase in sales due to customer growth and warmer weather.
 The company also reported net income for the 12 months ended Sept. 30, 1992 of $55,568,000 compared with $16,795,000 a year earlier. Earnings per average common share were $1.49, up $1.02 from the prior 12-month period. Higher earnings for the current 12-month period reflect a 7 percent increase in sales and an increase in rates.
 NEVADA POWER CO.
 Financial Summary
 Quarter Ended Sept. 30,
 1992 1991
 Revenues $204,109,000 $184,378,000
 Net income $42,981,000 $30,990,000
 Earnings available for
 common stock $41,983,000 $30,378,000
 Weighted average
 common shares outstanding 36,639,000 32,391,000
 Earnings per common share $1.15 $0.94
 12 Months Ended Sept. 30,
 1992 1991
 Revenues $584,342,000 $521,122,000
 Net income $55,568,000 $16,795,000
 Earnings available for
 common stock $51,325,000 $14,109,000
 Weighted average
 common shares outstanding 34,549,000 29,911,000
 Earnings per common share $1.49 $0.47
 -0- 10/27/92
 /CONTACT: Robyn A. Warsinske, manager of investor relations, 702-367-5610, or Rob McCoy, 702-367-5680, both of Nevada Power/
 (NVP) CO: Nevada Power Co. ST: Nevada IN: UTI SU: ERN


KJ -- LA030 -- 5695 10/27/92 18:11 EST
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Date:Oct 27, 1992
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