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NV Energy, Inc. (NVE)

On Feb 9: 11.17 USD   0.00 (0.00%)  
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NV Energy, Inc.
6226 West Sahara Avenue
Las Vegas, NV 89146
Phone: 702-402-5000
Web Site: http://www.nvenergy.com

DETAILS
Index Membership: S&P 400 MidCap
S&P 1500 Super Comp
Sector: Utilities
Industry: Diversified Utilities
Employees (last reported count): 3,330

BUSINESS SUMMARY
NV Energy, Inc., through its subsidiaries, engages in the generation, transmission, and distribution of electric energy in southern Nevada. It operates in three segments: NPC Electric, SPPC Electric, and SPPC Natural Gas. The NPC Electric segment consists of a combination of 33 gas, oil, and coal generating units with a combined capacity of 4,002 megawatts. As of December 31, 2008, it served approximately 827,000 residential, commercial, industrial, wholesale, and public sector customers in Las Vegas, North Las Vegas, Henderson, Searchlight, and Laughlin, as well as in adjoining areas, including Nellis Air Force Base and the Department of Energy’s Nevada Test Site in Nye County. The SPPC Electric segment comprises a combination of 35 gas, oil and coal generating units with a combined capacity of 1,577 megawatts. It served approximately 366,000 customers in western, central, and northeastern Nevada, including the cities of Reno, Sparks, Carson City, and Elko, and a portion of eastern California, including the Lake Tahoe area. The SPPC Natural Gas segment provided natural gas services to approximately 149,000 customers in Reno/Sparks area, Nevada. As of the above date, it owned and operated 1,964 miles of three-inch equivalent natural gas distribution piping. NV Energy serves various industries, including gaming/recreation, mining, warehousing/manufacturing, offices, health care, education, military bases, and other governmental entities. The company was formerly known as Sierra Pacific Resources and changed its name to NV Energy, Inc. NV Energy was founded in 1906 and is based in Las Vegas, Nevada.
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    OFFICERS
      Pay Exercised
    Mr. Michael W. Yackira , 58
    Chief Exec. Officer, Pres, Director, Chairman of Renewables, Conservation & Recycling Committee, Member of Planning and Fin. Committee, Member of Corp. and Civic Responsibility Committee, Chief Exec. Officer of Nevada Power and Chief Exec. Officer of Sierra Pacific Power
    $ 1.44M $ 0
    Mr. Jeffrey L. Ceccarelli , 54
    Sr. VP of Energy Supply
    $ 577.00K $ 0
    Mr. Roberto R. Denis , 60
    Corp. Sr. VP of Energy Supply
    $ 543.00K $ 0
    Mr. Paul J. Kaleta , 54
    Sr. VP, Corp. Sec. and Gen. Counsel
    $ 572.00K $ 0
    Mr. E. Kevin Bethel , 46
    Interim Chief Financial Officer, Chief Accounting Officer, Corp. VP and Controller
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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