TITLE

Sierra Pacific sees 40 percent increase in second-quarter profit

AUTHOR(S)
Edwards, John G.
PUB. DATE
August 2008
SOURCE
Las Vegas Business Press (10712186);8/4/2008, Vol. 25 Issue 31, pP15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the 40% increase in the profits posted by Sierra Pacific Resources in Nevada on July 25, 2008 in the second-quarter, despite cool summer temperatures and economic slowdown. The company's earnings per share rose from 12 cents to 15 cents. According to Michael Yackira, chief executive officer (CEO), the maintenance expenses of the firm have been reduced because it has been doing a good job in repairing lines and equipment. It cites the growth in the net income of Sierra Pacific Power Co. of Reno for the quarter.
ACCESSION #
34162055

 

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