XML 47 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 3.       SEGMENT INFORMATION

 

The Utilities operate three regulated business segments, NPC electric, SPPC electric and SPPC natural gas service, which are reported in accordance with Segment Reporting of the FASC. Electric service is provided to Las Vegas and surrounding Clark County by NPC, and to northern Nevada by SPPC. Natural gas services are provided by SPPC in the Reno-Sparks area of Nevada. Other information includes amounts below the quantitative thresholds for separate disclosure.

 

Operational information of the different business segments is set forth below based on the nature of products and services offered. NVE evaluates performance based on several factors, of which the primary financial measure is business segment gross margin. Gross margin, which the Utilities calculate as operating revenues less energy and energy efficiency program costs, provides a measure of income available to support the other operating expenses of the Utilities. See Note 1, Summary of Significant Accounting Policies, of the Notes to Financial Statements in the 2012 Form 10-K for further information regarding energy efficiency program costs.

 

Operating expenses are provided by segment in order to reconcile to operating income as reported in the consolidated financial statements (dollars in thousands).

Three Months Ended   
June 30, 2013 NVE               
  Consolidated NVE Other NPC Electric SPPC Total SPPC Electric SPPC Gas
Operating Revenues $731,638 $4 $537,124 $194,510 $174,302 $20,208
                   
Energy Costs:                 
 Fuel for power generation 188,979   -  144,246  44,733  44,733   -
 Purchased power 170,861   -  129,396  41,465  41,465   -
 Gas purchased for resale 17,274   -   -  17,274   -  17,274
 Deferred energy (86,687)   -  (63,748)  (22,939)  (16,963)  (5,976)
Energy efficiency program costs 12,599   -  10,842  1,757  1,757   -
Total Costs$303,026 $ - $220,736 $82,290 $70,992 $11,298
                   
Gross Margin$428,612 $4 $316,388 $112,220 $103,310 $8,910
                   
Merger related costs  13,552   1,165  8,867  3,520      
Other operating expenses 106,798  442  70,100  36,256      
Maintenance 24,046   -  15,889  8,157      
Depreciation and amortization 98,884   -  70,405  28,479      
Taxes other than income 15,846  39  9,632  6,175      
                   
Operating Income (Loss)$169,486 $(1,642) $141,495 $29,633      

Six Months Ended   
June 30, 2013 NVE               
  Consolidated NVE Other NPC Electric SPPC Total SPPC Electric SPPC Gas
Operating Revenues $1,315,860 $7 $908,987 $406,866 $346,929 $59,937
                   
Energy Costs:                 
 Fuel for power generation 336,227   -  249,777  86,450  86,450   -
 Purchased power 292,171   -  210,804  81,367  81,367   -
 Gas purchased for resale 54,894   -   -  54,894   -  54,894
 Deferred energy (165,752)   -  (109,103)  (56,649)  (36,298)  (20,351)
Energy efficiency program costs 22,444   -  18,809  3,635  3,635   -
Total Costs$539,984 $ - $370,287 $169,697 $135,154 $34,543
                   
Gross Margin$775,876 $7 $538,700 $237,169 $211,775 $25,394
                   
Merger related costs  13,552   1,165  8,867  3,520      
Other operating expenses 211,470  1,917  137,492  72,061      
Maintenance 48,952   -  33,964  14,988      
Depreciation and amortization 194,886   -  139,066  55,820      
Taxes other than income 32,322  261  19,591  12,470      
                   
Operating Income (Loss)$274,694 $(3,336) $199,720 $78,310      

Three Months Ended   
June 30, 2012 NVE               
  Consolidated NVE Other NPC Electric SPPC Total SPPC Electric SPPC Gas
Operating Revenues $740,698 $4 $553,143 $187,551 $168,007 $19,544
                   
Energy Costs:                 
 Fuel for power generation 112,585   -  81,258  31,327  31,327   -
 Purchased power 164,092   -  135,276  28,816  28,816   -
 Gas purchased for resale 9,492   -     9,492   -  9,492
 Deferred energy 10,490   -  5,053  5,437  4,314  1,123
Energy efficiency program costs  24,600   -   21,200   3,400   3,400   -
Total Costs$321,259 $ - $242,787 $78,472 $67,857 $10,615
                   
Gross Margin$419,439 $4 $310,356 $109,079 $100,150 $8,929
                   
Other operating expenses 103,371  1,067  68,650  33,654      
Maintenance 24,650   -  16,988  7,662      
Depreciation and amortization 96,316   -  69,131  27,185      
Taxes other than income 14,266  45  8,596  5,625      
                   
Operating Income (Loss)$180,836 $(1,108) $146,991 $34,953      

Six Months Ended
June 30, 2012 NVE               
  Consolidated NVE Other NPC Electric SPPC Total SPPC Electric SPPC Gas
Operating Revenues $1,352,118 $8 $948,831 $403,279 $337,813 $65,466
                   
Energy Costs:                 
 Fuel for power generation 229,620   -  161,807  67,813  67,813   -
 Purchased power 281,208   -  216,807  64,401  64,401   -
 Gas purchased for resale 41,109   -   -  41,109   -   41,109
 Deferred Energy (1,249)   -  7,224  (8,473)  (8,356)  (117)
Energy efficiency program costs  44,025   -   36,974   7,051   7,051   -
Total Costs$594,713 $ - $422,812 $171,901 $130,909 $40,992
                   
Gross Margin$757,405 $8 $526,019 $231,378 $206,904 $24,474
                   
Other operating expenses 206,972  1,774  135,112  70,086      
Maintenance 57,176   -  40,061  17,115      
Depreciation and amortization 187,178   -  134,121  53,057      
Taxes other than income 28,775  237  17,050  11,488      
                   
Operating Income (Loss)$277,304 $(2,003) $199,675 $79,632