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NEVADA POWER CO. REPORTS EARNINGS

 NEVADA POWER CO. REPORTS EARNINGS
 LAS VEGAS, Aug. 3 /PRNewswire/ -- Nevada Power Co. (NYSE: NVP)


today reported net income of $10,245,000 for the second quarter ending June 30, 1992, as compared to net income of $3,899,000 for the second quarter of 1991. Earnings after requirements for preferred stock dividends were $9,181,000, or 26 cents per average common share, as compared to $3,296,000, or 11 cents per average common share, in 1991. Higher earnings for the quarter reflect a 13 percent increase in sales because of warmer weather. The annualized customer growth rate was 3.6 percent.
 The company also reported net income for the 12 months ended June 30, 1992 of $43,577,000 compared to $17,801,000 a year earlier. Higher earnings for the current 12-month period reflect a 6 percent increase in sales and a 4.5 percent increase in rates effective November 1991. As previously reported, prior period earnings reflect an after-tax write-off of $3,815,000 due to the November rate decision.
 NEVADA POWER CO.
 Financial Summary
 Quarter Ended June 30,
 1992 1991
 Revenues $139,045,000 $121,886,000
 Net income $10,245,000 $3,899,000
 Earnings available
 for common stock $9,181,000 $3,296,000
 Weighted average
 common shares
 outstanding 35,868,000 29,347,000
 Earnings per common share $0.26 $0.11
 12 Months Ended June 30,
 1992 1991
 Revenues $564,611,000 $506,493,000
 Net income $43,577,000 $17,801,000
 Earnings available
 for common stock $39,720,000 $15,029,000
 Weighted average
 common shares
 outstanding 33,481,000 28,987,000
 Earnings per common share $1.19 $0.52
 -0- 8/3/92
 /CONTACT: Rob McCoy, 702-367-5680, or Robyn A. Warsinske (investors), 702-367-5610, both of Nevada Power/
 (NVP) CO: Nevada Power Co. ST: Nevada IN: UTI SU: ERN


EH -- LA008 -- 5939 08/03/92 06:30 EDT
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Date:Aug 3, 1992
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