Proposals for Renewable Energy Resources Sought By Sierra Pacific Resources' Nevada Utilities
Posted on: Thursday, 7 September 2006, 21:00 CDT
Sierra Pacific Resources (NYSE: SRP) announced today that its two Nevada based utility subsidiaries, Nevada Power and Sierra Pacific Power Company, have issued a Request for Proposals (RFP) for renewable energy resources.
Proposals will be considered for the following types of renewable energy resources: wind, geothermal, biomass and other non-solar resources eligible for portfolio energy credits under the Nevada renewable portfolio standard. Responses to the RFP are due back to the utilities no later than October 23, 2006.
"This is a major step forward in our plan to acquire more renewable generation," said Thomas Fair, renewable energy executive, Sierra Pacific Resources. "Diversifying our energy portfolio with additional renewable energy resources will help us to provide our customers with environmentally sound, low-cost energy."
The request is part of the companies' plan to fulfill the goals of legislation that requires an increasing percentage of the electricity provided by Nevada Power Company and Sierra Pacific Power Company to come from renewable sources.
Parties interested in submitting a response to the RFP, or those seeking more information related to the RFP or renewable energy laws should go to Sierra Pacific Resources' websites at:
http://www.nevadapower.com/company/RFPs/renewable
http://www.sierrapacific.com/company/RFPs/renewable
Headquartered in Nevada, Sierra Pacific Resources is a holding company whose principal subsidiaries are Nevada Power Company, the electric utility for most of southern Nevada, and Sierra Pacific Power Company, the electric utility for most of northern Nevada and the Lake Tahoe area of California. Sierra Pacific Power Company also distributes natural gas in the Reno-Sparks area of northern Nevada. Other subsidiaries include the Tuscarora Gas Pipeline Company, which owns 50 percent interest in an interstate natural gas transmission partnership and several unregulated energy services companies.
Media Contact: Sonya Headen (702) 367-5222 Analyst Contact: Britta Carlson (702) 367-5624
SOURCE: Nevada Power Company
Source: MARKET WIRE
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