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SEVERANCE PROGRAMS
12 Months Ended
Dec. 31, 2011
Restructuring and Related Activities [Abstract]  
SEVERANCE PROGRAMS

NOTE 17.         SEVERANCE PROGRAMS

 

In response to reduced load growth and reductions in capital construction, NVE and the Utilities conducted reviews of their current operating costs to align future operating and maintenance expenses with forecasted load growth. During 2009, NVE and the Utilities reduced their workforce by approximately 5% through a combination of voluntary and involuntary severance programs.

 

As a result of the severance programs, NPC and SPPC recorded other operating expense in 2010 of approximately $222 thousand and $864 thousand, respectively; and in 2009 NVE, NPC and SPPC recorded other operating expense of approximately $197 thousand, $6.7 million and $6.3 million, respectively, of severance costs primarily for their management, professional administrative and technical (MPAT) class of employees. See Note 11, Pension and Other Post Retirement Benefits, for additional details regarding severance costs.