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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
OPERATING REVENUES:        
OPERATING REVENUES $ 1,026,488 $ 1,017,796 $ 2,378,606 $ 2,333,710
Operating Expenses        
Fuel for power generation 171,316 216,779 400,936 519,920
Purchased power 205,686 223,348 486,894 518,672
Gas purchased for resale 5,382 10,137 46,491 87,753
Deferred energy (29,036) (33,620) (30,285) (43,678)
Energy efficiency program costs 32,584 23,047 76,609 23,047
Other operating expenses 100,108 104,598 307,080 308,119
Maintenance 19,014 11,369 76,190 73,317
Depreciation and amortization 94,512 93,737 281,690 266,445
Taxes other than income 15,682 15,205 44,457 46,134
Total Operating Expenses 615,248 664,600 1,690,062 1,799,729
OPERATING INCOME 411,240 353,196 688,544 533,981
OTHER INCOME (EXPENSE):        
Interest expense (net of AFUDC-debt) (73,667) (80,496) (226,162) (238,718)
Interest income (expense) on regulatory items (2,024) (1,282) (6,203) (3,549)
AFUDC - equity 2,415 1,690 6,666 12,854
Other income 8,827 1,611 19,312 6,351
Other expense (4,209) (9,857) (11,909) (23,600)
Total Other Income (Expense) (68,658) (88,334) (218,296) (246,662)
Income Before Income Tax Expense 342,582 264,862 470,248 287,319
Income Tax Expense (Benefit) 119,412 91,400 165,466 98,639
NET INCOME 223,170 173,462 304,782 188,680
Other comprehensive income (loss):        
Change in compensation retirement benefits liability and amortization 155 544 464 2,417
Change in market value of risk management assets and liabilities (193) 0 (668) 0
OTHER COMPREHENSIVE INCOME(LOSS) (38) 544 (204) 2,417
COMPREHENSIVE INCOME 223,132 174,006 304,578 191,097
Amount per share basic and diluted        
Net income per share - basic $ 0.95 $ 0.74 $ 1.29 $ 0.80
Net income per share - diluted $ 0.94 $ 0.73 $ 1.28 $ 0.80
Weighted Average Shares of Common Stock Outstanding - basic 235,961,402 235,990,373 235,986,874 235,796,321
Weighted Average Shares of Common Stock Outstanding - diluted 238,121,732 [1] 237,901,330 [1] 237,850,530 [1] 237,320,796 [1]
Dividends Declared Per Share of Common Stock $ 0.17 $ 0.12 $ 0.47 $ 0.36
Nevada Power Company [Member]
       
OPERATING REVENUES:        
OPERATING REVENUES 802,334 798,914 1,751,165 1,662,880
Operating Expenses        
Fuel for power generation 123,992 162,976 285,799 378,790
Purchased power 171,687 181,733 388,494 399,707
Deferred energy (22,685) (10,354) (15,461) (1,274)
Energy efficiency program costs 28,492 20,451 65,466 20,451
Other operating expenses 65,372 68,004 200,484 195,040
Maintenance 12,533 3,460 52,594 45,122
Depreciation and amortization 66,975 67,212 201,096 186,798
Taxes other than income 9,743 9,105 26,793 28,209
Total Operating Expenses 456,109 502,587 1,205,265 1,252,843
OPERATING INCOME 346,225 296,327 545,900 410,037
OTHER INCOME (EXPENSE):        
Interest expense (net of AFUDC-debt) (51,784) (55,267) (158,791) (163,036)
Interest income (expense) on regulatory items (1,623) (82) (5,488) 679
AFUDC - equity 1,833 1,026 4,823 10,979
Other income 7,096 594 14,197 2,708
Other expense (2,823) (7,324) (7,162) (15,235)
Total Other Income (Expense) (47,301) (61,053) (152,421) (163,905)
Income Before Income Tax Expense 298,924 235,274 393,479 246,132
Income Tax Expense (Benefit) 103,754 80,666 137,328 84,481
NET INCOME 195,170 154,608 256,151 161,651
Other comprehensive income (loss):        
Change in compensation retirement benefits liability and amortization 65 75 192 1,028
COMPREHENSIVE INCOME 195,235 154,683 256,343 162,679
Sierra Pacific Power Company [Member]
       
OPERATING REVENUES:        
Electric 212,073 202,263 549,886 545,462
Gas 12,077 16,615 77,543 125,357
OPERATING REVENUES 224,150 218,878 627,429 670,819
Operating Expenses        
Fuel for power generation 47,324 53,803 115,137 141,130
Purchased power 33,999 41,615 98,400 118,965
Gas purchased for resale 5,382 10,137 46,491 87,753
Deferral of energy - electric-net (5,498) (22,095) (13,854) (45,924)
Deferral of energy - gas-net (853) (1,171) (970) 3,520
Energy efficiency program costs 4,092 2,596 11,143 2,596
Other operating expenses 34,128 35,933 104,214 110,836
Maintenance 6,481 7,909 23,596 28,195
Depreciation and amortization 27,537 26,525 80,594 79,647
Taxes other than income 5,894 6,052 17,382 17,675
Total Operating Expenses 158,486 161,304 482,133 544,393
OPERATING INCOME 65,664 57,574 145,296 126,426
OTHER INCOME (EXPENSE):        
Interest expense (net of AFUDC-debt) (15,298) (16,861) (47,650) (50,581)
Interest income (expense) on regulatory items (401) (1,200) (715) (4,228)
AFUDC - equity 582 664 1,843 1,875
Other income 1,399 810 4,181 2,676
Other expense (998) (2,255) (3,609) (7,403)
Total Other Income (Expense) (14,716) (18,842) (45,950) (57,661)
Income Before Income Tax Expense 50,948 38,732 99,346 68,765
Income Tax Expense (Benefit) 16,521 13,396 33,596 23,341
NET INCOME 34,427 25,336 65,750 45,424
Other comprehensive income (loss):        
Change in compensation retirement benefits liability and amortization 42 279 127 2,230
COMPREHENSIVE INCOME $ 34,469 $ 25,615 $ 65,877 $ 47,654
[1] The denominator does not include stock equivalents for options issued under the non-qualified stock option plan due to conversion prices higher than market prices for all periods. If the conditions for conversion were met under this plan, 327,503 and 329,382 shares would be included for the three and nine months ended September 30, 2012, respectively, and 409,080 would be included for both the three and nine months ended September 30, 2011.