LAS VEGAS, Nov. 7, 2013 /PRNewswire/ -- NV Energy, Inc.
(NYSE: NVE) announced today that initial results from its joint
study with California Independent System Operator Corporation (ISO)
have indicated that participation by NV Energy in the Energy
Imbalance Market (EIM) may benefit both California and Nevada customers.
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Upon completion of the studies, NV Energy intends to file a
report with the Public Utilities Commission of Nevada and intends to seek approval to join
the EIM.
This release contain forward-looking statements
regarding the future performance of NV Energy, Inc. and its
subsidiaries Nevada Power Company and Sierra Pacific Power Company,
each doing business as "NV Energy" (collectively "NV Energy"),
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are subject to a variety of
risks and uncertainties that could cause actual results to differ
materially from current expectations. These risks and uncertainties
include, but are not limited to, uncertainty concerning the final
outcome of the study and uncertainty concerning any subsequent
decisions on whether to proceed with the development of any
facilities, or not. Additional cautionary statements
regarding other risk factors that could have an effect on the
future performance of NV Energy are contained in the Annual Report
of NV Energy on Form 10-K for the year ended December 31, 2012 and the Quarterly Reports on
Form 10-Q for the quarters ended March 31,
2013, June 30, 2013, and
September 30, 2013 each filed with
the SEC. NV Energy undertakes 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, Inc.
