Nevada Power replaces $115 million mortgage notes with general and refunding mortgage notes

By Angela McDaniels

Seattle, Aug. 30 - Nevada Power Co. cancelled the remaining $115 million of bonds outstanding under its mortgage indenture with trustee Deutsche Bank Trust Co. Americas and replaced them with a like amount of bonds issued under its general and refunding mortgage indenture with The Bank of New York as trustee, according to an 8-K report filed with the Securities and Exchange Commission on Wednesday.

With no bonds currently outstanding under the mortgage indenture with Deutsche Bank, Nevada Power said it will discharge the mortgage indenture and the lien upon it will also be discharged. The lien on the general and refunding mortgage indenture will become the company's first-priority lien.

Nevada Power is a Las Vegas utility provider and a subsidiary of Sierra Pacific Resources.

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