September 9, 2010 / 9:48 PM / in 7 years

New Issue-Nevada Power sells $250 mln debt

  Sept 9 (Reuters) - Nevada Power Company, a unit of NV
Energy Inc NVE.N on Thursday sold $250 million of mortgage
bonds, said IFR, a Thomson Reuters service.
  Barclays and JP Morgan were the joint bookrunning managers
for the sale.
BORROWER: NEVADA POWER COMPANY
AMT $250 MLN      COUPON 5.375 PCT    MATURITY 9/15/2040 
TYPE MORTG BONDS  ISS PRICE 99.689    FIRST PAY 3/15/2011
MOODY'S Baa3      YIELD 5.396 PCT     SETTLEMENT 9/14/2010
S&P TRIPLE-B      SPREAD 160 BPS      PAY FREQ SEMI-ANNUAL
FITCH TRIPLE-B     MORE THAN TREAS    MAKE-WHOLE CALL 25 BPS

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