| Business Summary | | Sierra
Pacific
Resources
operates
three
business
segments
providing
regulated
electric,
natural
gas
and
water
service.
Electric
service
is
provided
to
Las
Vegas
and
surrounding
Clark
County,
northern
Nevada
and
the
Lake
Tahoe
area
of
California.
Natural
gas
and
water
services
are
provided
in
the
Reno-Sparks
area
of
Nevada.
The
Company
has
eight
primary,
wholly
owned
subsidiaries:
Nevada
Power
Company,
Sierra
Pacific
Power
Company,
Tuscarora
Gas
Pipeline
Company,
Sierra
Pacific
Communications,
Sierra
Energy
Company,
doing
business
as
e.three,
Sierra
Pacific
Energy
Company,
Lands
of
Sierra
and
Nevada
Electric
Investment
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sierra
Pacific
Resources,
a
holding
company
for
Nevada
Power
Co.
and
Sierra
Pacific
Power
Co.,
serves
electric
customers
in
NV
and
CA,
and
natural
gas
customers
in
NV.
For
the
six
months
ended
6/30/01,
revenues
totaled
$1.89
billion,
up
from
$867
million.
Net
loss
from
continuing
operations
totaled
$56.3
million,
up
from
$6.8
million.
Results
reflect
warmer
than
normal
weather,
rate
increase
and
an
increased
number
of
customers,
offset
by
an
increased
purchased
power
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Walter Higgins, 56 Chairman,
Pres, CEO | $917K | Fred Gibson, Jr., 73 Acting
Vice Chairman | -- | Dennis Schiffel CFO,
Sr. VP | -- | Mark Ruelle, 39 Pres
of Sierra Pacific's Southern Nevada Utility, Nevada Power | 285K | Victor Pena, 52 Sr.
VP, CAO | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|