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NEVADA POWER FILES FOR ENERGY RATE ADJUSTMENT

 NEVADA POWER FILES FOR ENERGY RATE ADJUSTMENT
 LAS VEGAS, Jan. 14 /PRNewswire/ -- Nevada Power Co. (NYSE: NVP)


filed today with the Public Service Commission of Nevada an application relating to its deferred energy account that would reduce the average residential bill by about 2.5 percent or $1.52 per month for a period of one year. The account balance, which tracks the cost of fuel and purchased power for the last 15 months, has declined to $12,143,568 since the company's last fuel adjustment case.
 If approved, as filed, the new rates would take effect March 1, 1992. Nevada Power files once a year to collect or refund the change in cost of purchased power from neighboring utilities and independent power producers and of fuel to generate electricity. Changes in these costs are passed to the customer on a dollar-for-dollar basis, with no profit to the company.
 The company is preparing, and expects to file later in January, an application for a general rate increase to primarily recover increased cost to finance plant additions necessary to keep pace with the continued customer growth in Las Vegas. The customer growth rate in 1991 was 5.3 percent.
 -0- 1/14/92
 /CONTACT: Rob McCoy of Nevada Power Co., 702-367-5680/
 (NVP) CO: Nevada Power Co. ST: Nevada IN: UTI OIL SU:


AL-JL -- LA023 -- 9781 01/14/92 17:56 EST
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Date:Jan 14, 1992
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