COMMON STOCK AND OTHER PAID-IN CAPITAL

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

COMMON STOCK AND OTHER PAID-IN CAPITAL

NOTE 10.COMMON STOCK AND OTHER PAID-IN CAPITAL

Dividends

The following dividend declarations were made by the BOD of NVE:

Declaration Date		Amount	Payable Date	Shareholders of Record Date
February 7, 2013	$	0.19	March 20, 2013	March 5, 2013
May 8, 2013	$	0.19	June 19, 2013	June 4, 2013
August 1, 2013	$	0.19	September 18, 2013	September 3, 2013

On August 1, 2013, NPC and SPPC declared dividends payable to NVE of $25.0 million and $20.0 million, respectively. For the six months ended June 30, 2013, NPC and SPPC paid dividends to NVE of $80.0 million and $20.0 million, respectively.

Treasury Stock

NVE periodically repurchases common stock on the open market for the purpose of meeting the requirements of its stock compensation plans; such purchases were not made pursuant to a publicly announced stock repurchase plan or program. All shares repurchased are held as treasury stock and may be reissued upon exercise or settlement of the stock compensation award. Treasury stock is accounted for using the cost method. During the six months ended June 30, 2013, NVE repurchased 325,178 shares of common stock for approximately $6.3 million. During the six months ended June 30, 2013, NVE re-issued 792,946 treasury shares to satisfy employee benefit plans.In May 2013, NVE ceased the repurchase of common stock as a result of the proposed MidAmerican Merger.