Sierra Pacific says tender offer has expired

AP News
Posted: Dec 22, 2009 3:53 PM

Sierra Pacific Power Co. said Tuesday that a tender offer has expired for its 6.75 percent general and refunding mortgage notes due 2037.

Nearly $73.3 million of the notes were validly tendered, Sierra Pacific said.

Those who tendered their notes before Dec. 7 will receive $1,012.15 per $1,000 principal amount of the notes, which includes accrued interest. Those who tendered their notes after the early tender date will receive $1,062.15 per $1,000 principal amount.

Sierra Pacific is owned by NV Energy Inc.