Sierra Pacific reduces expenses; suspends dividend

HOUSTON, Apr. 16, 2001 – Citing high power costs and other problems associated with the energy crisis in the West, Sierra Pacific Resources Friday said it is reducing expenses in all areas except safety and customer service and will suspend the quarterly dividend.

WASHINGTON, April 16, 2001 – Exelon and Omaha Public Power District have subscribed to RestorePowerà¢â€ž-, a storm restoration web site for utilities.

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