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NV Energy Increases Quarterly Dividend 12 Percent



              NV Energy Increases Quarterly Dividend 12 Percent

PR Newswire

LAS VEGAS, Feb. 7, 2013

LAS VEGAS, Feb. 7, 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 March 20, 2013 to shareholders of record on March 5, 2013. This
represents a 12 percent increase compared to the most recent quarterly
dividend of $0.17 per share, paid on December 19, 2012.

(Logo: http://photos.prnewswire.com/prnh/20100825/LA55163LOGO)

"Today's increase reflects the board's confidence in NV Energy's financial
condition and the dividend growth policy we announced last year," said Michael
Yackira, president and chief executive officer of NV Energy. "In the future,
the board intends to review the dividend payout annually in the first
quarter."

Headquartered in Las Vegas, Nevada, NV Energy, Inc. is a holding company with
principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company,
doing business as NV Energy. Serving a combined service territory of nearly
46,000 square miles, NV Energy provides a wide range of energy services and
products to approximately 2.4 million citizens of Nevada and nearly 40 million
tourists annually.

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 d/b/a 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, 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 d/b/a 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 d/b/a NV Energy, these
risks and uncertainties include, but are not limited to, future economic
conditions both nationally and regionally, 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, 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, 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 demands and natural
gas demands for Sierra Pacific Power Company d/b/a NV Energy, financial market
conditions, and unfavorable rulings in their pending and future regulatory
filings. 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 d/b/a NV Energy are contained in their Annual Reports on
Form 10-K for the year ended December 31, 2011, and quarterly reports on Form
10-Q for the periods ended March 31, 2012, June 30, 2012, and September 30,
2012 each filed with the Securities and Exchange Commission. NV Energy Inc.,
Nevada Power Company and Sierra Pacific Power Company both d/b/a 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

Website: http://www.nvenergy.com
Contact: Media Contact: Jennifer Schuricht, +1-702-402-5241,
jschuricht@nvenergy.com; Analyst Contact: Max Kuniansky, +1-702-402-5627,
mkuniansky@nvenergy.com
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