SUGAR LAND, TX — (Marketwire) — 08/02/11 — Researched by Industrial Info Resources (Sugar Land, Texas) — (NYSE:NVE) (Reno, Nevada), the holding company for 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.
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