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NEVADA POWER RECEIVES FINAL RATE ORDER

 NEVADA POWER RECEIVES FINAL RATE ORDER
 LAS VEGAS, Aug. 6 /PRNewswire/ -- Nevada Power Co. (NYSE: NVP)


today received its final written rate order from the Public Service Commission of Nevada. Technical adjustments to the numbers released at the commission's agenda meeting on July 24, 1992, revised the general rate increase to $22.2 million or a 3.9 percent increase on a rate base of $994 million. The technical adjustments in general rates do not affect the average residential customer bill. The written order supersedes the numbers that were initially released following the commission's meeting on July 24, 1992.
 This was a combination case of a general rate increase and an energy rate decrease. Energy rates were decreased by $28.2 million, or 4.9 percent after the company reduced its cost of fuel and purchased power. The fuel decrease coupled with the general rate increase resulted in no change in the monthly bill to the average residential customer using 1100 kilowatt hours a month.
 The new rates were effective July 27, 1992. The final order reaffirms the commission's initial decision allowing the company to earn 10.02 percent rate of return. This includes a return on equity of 12.5 percent with a common equity ratio of 41.82 percent.
 -0- 8/6/92
 /CONTACT: Robyn A. Warsinske of Nevada Power Co. 702-367-5610/
 (NVP) CO: Nevada Power Co. ST: Nevada IN: UTI SU:


JB-JL -- LA032 -- 7750 08/06/92 16:44 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 6, 1992
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