LAS VEGAS, Nov. 6, 2013 /PRNewswire/ -- NV Energy, Inc.
(NYSE: NVE) announced that its board of directors today declared a
cash dividend of $0.19 per share,
payable on December 18, 2013 to
shareholders of record on December 3,
2013.
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This press release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 regarding the future performance of NV Energy, Inc. and its
subsidiaries, Nevada Power Company and Sierra Pacific Power Company
both doing business as NV Energy. Forward-looking statements
include earnings guidance and estimates or forecasts of operating
and financial metrics. These statements reflect current
expectations of future conditions and events and as such are
subject to a variety of risks, uncertainties and assumptions that
could cause actual results to differ materially from current
expectations. These risks, uncertainties and assumptions include,
but are not limited to, the risk that the transaction between NV
Energy, Inc. and MidAmerican will not be consummated due to a
failure to satisfy the remaining closing conditions to the
transaction, including the receipt of regulatory approvals from the
PUCN and FERC on the terms and schedules contemplated by the
parties; the risk that an event, effect or change occurs that gives
rise to a termination of the definitive agreement entered into with
MidAmerican; the risk that NV Energy Inc. or MidAmerican will be
unable to perform certain obligations under the transaction
agreements; the risk relating to unanticipated difficulties and/or
expenditures relating to the transaction; the risk that legal
proceedings against NV Energy, Inc. and others related to the
definitive agreement entered into with MidAmerican will be
successful; the risk that the proposed transaction disrupts current
plans and operations and creates potential difficulties in employee
retention; and the impact of delay or failure to complete the
merger with MidAmerican on NV Energy, Inc.'s common stock price.
Additional risks and uncertainties relating to NV Energy, Inc.
include, but are not limited to, NV Energy Inc.'s ability to
maintain access to the capital markets, NV Energy, Inc.'s ability
to receive dividends from its subsidiaries, the financial
performance of NV Energy, Inc.'s subsidiaries, particularly Nevada
Power Company and Sierra Pacific Power Company both doing business
as NV Energy, and the discretion of NV Energy, Inc.'s Board of
Directors with respect to the payment of future dividends based on
its periodic review of factors that ordinarily affect dividend
policy, such as current and prospective financial condition,
earnings and liquidity, prospective business conditions, regulatory
factors, and dividend restrictions in NV Energy, Inc.'s and its
subsidiaries' financing agreements. For Nevada Power Company and
Sierra Pacific Power Company both doing business as NV Energy,
these risks and uncertainties include, but are not limited to,
future economic conditions, changes in the rate of
industrial, commercial and residential growth in their service
territories, their ability to procure sufficient renewable energy
sources in each compliance year to satisfy the Nevada Renewable
Energy Portfolio Standard, the effect of future or existing
Nevada or federal laws or
regulations affecting the electric industry, changes in
environmental laws and regulations, construction risks, including
but not limited to those associated with the ON Line project, their
ability to maintain access to the capital markets for general
corporate purposes and to finance construction projects, employee
workforce factors, unseasonable weather, drought, wildfire and
other natural phenomena, explosions, fires, accidents, vandalism,
or mechanical breakdowns that may occur while operating and
maintaining an electric and natural gas system, their ability to
purchase sufficient fuel, natural gas and power to meet their power
and natural gas demands for Sierra Pacific Power Company doing
business as NV Energy, financial market conditions, and unfavorable
rulings, penalties or findings in their rate or other cases.
Further risks, uncertainties and assumptions that may cause actual
results to differ from current expectations pertain to weather
conditions, customer and sales growth, plant outages, operations
and maintenance expense, depreciation and allowance for funds used
during construction, interest rates and expense, cash flow and
regulatory matters. Additional cautionary statements regarding
other risk factors that could have an effect on the future
performance of NV Energy, Inc., Nevada Power Company and Sierra
Pacific Power Company both doing business as NV Energy are
contained in their Annual Reports on Form 10-K for the year ended
December 31, 2012, and Quarterly
Reports on Form 10-Q for the period ended March 31, 2013 and June
30, 2013, as filed with the Securities and Exchange
Commission. NV Energy, Inc., Nevada Power Company and Sierra
Pacific Power Company both doing business as NV Energy undertake no
obligation to release publicly the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
SOURCE NV Energy