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NEVADA POWER FILES FOR STOCK ISSUANCE

 NEVADA POWER FILES FOR STOCK ISSUANCE
 LAS VEGAS, Feb. 18 /PRNewswire/ -- Nevada Power Co. (NYSE: NVP)


today filed with the Securities and Exchange Commission for approval to issue 2.6 million shares of common stock. Net proceeds from the sale, expected to be $47.9 million, will help pay down short-term debt incurred mainly as a result of new construction to meet major growth demands in the company's Southern Nevada service territory. The company added more than 18,000 new customers in 1991, a 5.3 percent increase from the previous year. The common stock offering will be underwritten by Paine Webber Inc., Lehman Brothers, and Dean Witter Reynolds Inc. As of December 31, 1991, 32,975,000 shares of common stock were outstanding.
 Additionally, on Feb. 14, the company gave notice of its intention to redeem on April 14, 1992, all of its outstanding First Mortgage Bonds Series G and Series H totalling $21 million. Redemption of these series will, among other things, eliminate certain restrictions on retained earnings available for payment of dividends on capital stock.
 -0- 2/18/92
 /CONTACT: Rob McCoy (media), 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:


KJ -- LA035 -- 0213 02/18/92 19:42 EST
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Date:Feb 18, 1992
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