Sierra Pacific (SRP) Shareholders Approve Name Change to NV Energy - Stock Symbol "NVE"
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Shareholders of Sierra Pacific Resources (NYSE: SRP) approved changing the corporate name to NV Energy, Inc. Effective tomorrow, November 20, 2008, NV Energy, Inc. will be traded on the New York Stock Exchange under the trading symbol "NVE."
The proposal to change the name to NV Energy, Inc. received a preliminary total of 206,548,499 affirmative votes, constituting 88.2 percent of the company's outstanding shares and 98.2% of the total votes that were recorded at today's meeting.
Headquartered in Nevada, NV Energy, Inc. 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. Both subsidiaries are doing business as NV Energy. [SM]
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