SOURCE: Industrial Info Resources

Industrial Info Resources

August 02, 2011 06:45 ET

NV Energy Reports Lower Results for Second-Quarter 2011 as Weather, Projects Affect Bottom Line, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 2, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- NV Energy Incorporated (NYSE:NVE) (Reno, Nevada), the holding company for energy subsidiaries Nevada Power Company and Sierra Pacific Power Company, reported lower revenues and profits in second-quarter 2011 when compared to the same period last year, as the cost of completing a major project, regulatory adjustments, and milder-than-expected weather dragged on the company's numbers. Net income was reported to be $12.89 million, compared with $36.95 million in second-quarter 2010.

Industrial Info is tracking more than $970 million in active NV Energy projects. For more information, visit Industrial Info's North American Power Project Database.

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