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NEVADA POWER RECEIVES RATE DECISION

 LAS VEGAS, June 28 /PRNewswire/ -- Nevada Power Co. (NYSE: NVP) today was granted a $44.2 million increase by the Public Service Commission of Nevada to recover energy costs already incurred by the company to meet the growing energy demands of Southern Nevada. Annual fuel and purchased power costs are passed directly to the customer on a dollar for dollar basis. The decision also includes authorization for Nevada Power to decrease revenues by $2 million for resource planning costs. Both cases are based on deferred accounting procedures and do not impact earnings.
 Higher costs for energy during the period of Dec. 1, 1991, to Nov. 30, 1992, are directly related to the cost of electricity the company purchased from local federally qualified facilities (QFs). Purchased power costs from the Saguaro facility in Henderson and the NCA No. 1 facility near Apex are reflected in the test period. These companies generate electricity which is sold to Nevada Power and waste heat or steam which is sold separately to nearby industries.
 Under Nevada's deferred energy procedure, electric utility companies may submit an application periodically to either increase or decrease energy rates to match changes in fuel and purchased power costs. Nevada Power's last deferred filing was in 1992 and amounted to a $28.2 million decrease in fuel costs. The company passed the savings on to its customers.
 Nevada Power Co. is an electric utility providing service to approximately 390,000 customers in Las Vegas and Southern Nevada. Even with the increase, Nevada Power Co.'s residential rates remain among the lowest in the western United States.
 -0- 6/28/93
 /CONTACT: Robyn A. Warsinske, manager of investor relations of Nevada Power, 702-367-5610/
 (NVP)


CO: Nevada Power Co. ST: Nevada IN: UTI SU:

LM-JL -- LA028 -- 6490 06/28/93 20:34 EDT
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Publication:PR Newswire
Date:Jun 28, 1993
Words:300
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