SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported) May 12, 2011

Commission File		Registrant, State of		I.R.S. employer
Number		Incorporation, Address		Identification
		of Principal Executive		Number
		Offices and Telephone
		Number
1-08788		NV ENERGY, INC.		88-0198358
		Nevada
		6226 West Sahara Avenue
		Las Vegas, Nevada 895146
		(702) 402-5000
2-28348		NEVADA POWER COMPANY		88-0420104
		d/b/a NV Energy
		Nevada
		6226 West Sahara Avenue
		Las Vegas, Nevada 895146
		(702) 402-5000

None
(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

     On May 12, 2011, Nevada Power Company d/b/a NV Energy (“Nevada Power”), a wholly-owned subsidiary of NV Energy, Inc., issued and sold $250 million of its 5.45% General and Refunding Mortgage Notes, Series Y, Due 2041 (the “Series Y Notes”). Nevada Power will pay interest on the Series Y Notes on May 15 and November 15 of each year, beginning on November 15, 2011. The Series Y Notes will mature on May 15, 2041. The Series Y Notes were issued pursuant to a registration statement (No. 333-168984-02) previously filed with the Securities and Exchange Commission (“SEC”). Nevada Power filed a prospectus supplement with the SEC in connection with the issuance of the Series Y Notes.

     The net proceeds from the issuance of the Series Y Notes will be approximately $247.2 million, after deducting the underwriting discount and estimated expenses. Nevada Power intends to use all of the net proceeds from the offering, together with available cash, to pay at maturity all of its $350 million 8.25% General and Refunding Mortgage Notes Series A, which mature on June 1, 2011.

     At any time prior to November 15, 2040, Nevada Power may redeem the Series Y Notes at its option, either in whole or in part at a make-whole redemption price. At any time on or after November 15, 2040, Nevada Power may redeem the Series Y Notes at its option, either in whole or in part, at a redemption price equal to 100% of the principal amount of the Series Y Notes being redeemed. In each case, the redemption price will include accrued interest thereon to the date of redemption.

Signatures

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have each duly caused this report to be signed on their behalf by the undersigned, thereunto duly authorized.