Printer Friendly

NEVADA POWER ANNOUNCES AUCTION PREFERRED EXTENDED

 NEVADA POWER ANNOUNCES AUCTION PREFERRED EXTENDED
 LAS VEGAS, April 30 /PRNewswire/ -- Nevada Power Co. (NYSE: NVP)


today concluded the extension of its 49 day Auction Preferred Stock to a period of 10 years. The 10-year preferred has an annual dividend rate of 9.90 percent and is not callable for the first five years.
 The company received approval from the Public Service Commission of Nevada last fall to extend the auction period up to 25 years. The plan was also approved by a two-thirds majority of auction preferred stockholders. The ability to extend the auction periods allowed the company to access new preferred stock investors.
 -0- 4/30/92
 /NOTE: Questions regarding this press release should be directed to: Richard C. Schmalz at Nevada Power Co. at 702-367-5608./
 /CONTACT: Rob McCoy of Nevada Power Co., 702-367-5680/
 (NVP) CO: Nevada Power Co. ST: Nevada IN: SU:


AL -- LA020 -- 4922 04/30/92 12:15 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 30, 1992
Words:154
Previous Article:OPENING CEREMONIES SET FOR U.S. PAVILION AT WORLD'S FAIR IN BIRTHPLACE OF COLUMBUS
Next Article:GENSIA RECEIVES PATENT ON GENESA SYSTEM TECHNOLOGY


Related Articles
AUCTION PREFERRED STOCK AMENDMENTS ADOPTED
DELMARVA POWER ANNOUNCES DIVIDEND ON AUCTION PREFERRED STOCK
DELMARVA DECLARES DIVIDEND ON AUCTION PREFERRED STOCK
DELMARVA POWER ANNOUNCES DIVIDEND ON AUCTION PREFERRED STOCK
DELMARVA DECLARES DIVIDEND ON AUCTION PREFERRED STOCK
DELMARVA POWER & LIGHT ANNOUNCES DIVIDEND ON AUCTION PREFERRED STOCK
DUFF & PHELPS: IDAHO POWER COMPANY $200 MILLION SHELF REGISTRATION; FIRST MORTGAGE BONDS RATED 'A+'; SERIAL PREFERRED STOCK RATED 'A'
Results from Nevada Power Company Preferred Securities Offering
Nevada Power Company $70 Million Trust Preferred Rated 'BBB' By Fitch IBCA - Fitch IBCA -.
DCR Rates Nevada Power's $70 Million Trust Preferred Issuance 'BBB-'.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters