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NEVADA POWER EMPLOYEES ACCEPT EARLY RETIREMENT

 LAS VEGAS, Nov. 23 /PRNewswire/ -- Nevada Power Co. announced today that 109 employees, or 62 percent of those eligible, have accepted the voluntary early retirement package. The figure represents 6 percent of the current work force. The company offered the package to 175 employees in mid-September.
 The offer applied to all employees who will be at least 55 years of age, and have completed at least 10 years of service by March 31, 1994.
 The voluntary early retirement program is part of a comprehensive organizational study under way at Nevada Power. The retirement package was designed to provide flexibility in streamlining operations and will offset potential layoffs.
 "We're still determining where everything fits," said Chief Executive Officer Charles A. Lenzie. "We're trying to fill all positions from within the company. However, a few will be filled from the outside. The net result from the organizational study will be a leaner work force that operates more efficiently and make us more competitive in a changing electric energy industry."
 Final results of the reorganization study are expected at the end of the year. Implementation is scheduled to begin in 1994.
 "We want to continue to give our customers the best possible deal for their electricity dollar. We're confident this study will help us find ways to do that," said Lenzie.
 -0- 11/23/93
 /CONTACT: Vince Alberta, 702-367-5680/


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

LM-MF -- LA026 -- 7440 11/23/93 17:27 EST
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Publication:PR Newswire
Date:Nov 23, 1993
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