SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

CECCARELLI JEFFREY L

(Last)

(First)

(Middle)

P O BOX 30150

(Street)

RENO

89520

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NV ENERGY, INC. [ NVE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Corp Sr VP, Svc Del & Ops

3. Date of Earliest Transaction (Month/Day/Year)
11/22/2010

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/22/2010		M		3,632	A	$10.05	74,989.615⁽¹⁾	D
Common Stock	11/22/2010		M		4,843	A	$10.05	79,832.615	D
Common Stock	11/22/2010		S		3,632	D	$13.75	76,200.615	D
Common Stock	11/22/2010		S		4,843	D	$13.75	71,357.615	D
Common Stock								22	I	Cust 529

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option⁽²⁾	$10.05	11/22/2010		M		3,632		02/07/2005	02/08/2015	Common Stock	3,632	$0	0	D
Non-Qualified Stock Option⁽²⁾	$10.05	11/22/2010		M		4,843		02/07/2008⁽³⁾	02/08/2018	Common Stock	4,843	$0	0	D

Explanation of Responses:

1. 1. Total includes an increase of 662.750 since February 8, 2008, shares held in the NVE 401K plan. The NVE 401K Plan is a "tax conditioned" plan within the meaning of Rule 16b-3(c). This total also includes 2,597.382 shares acquired from dividends that were reinvested as follows: March 12, 2008 400.225 shares, June 11, 2008, 360.493 shares, September 10, 2008 470.417 shares, December 17, 2008 688.288 shares and March 18, 2009 677.959 shares, pursuant to SPR's Common Stock Investment Plan, a dividend reinvestment plan that meets the exemption requirements of Rule 16a-11.

2. Non-Qualified Stock Options issued under Executive Long-Term Incentive Plan exempt under Rule 16b-3.

3. Option vested with a 3-year vesting schedule: 1/3 vested 02/07/06; 1/3 vested 02/07/07; 1/3 vested 02/07/08.

Remarks:

	Britta Carlson Power of Attorney for Jeffrey L Ceccarelli	11/22/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.