Sierra Pacific Resources reports $83.5 million quarterly loss

Most of the losses were associated with unrecovered costs or uncollected accounts in the wholesale fuel and power markets, various one-time expenses associated with Nevada’s decision to repeal deregulation, and customary expenses from the termination of the company’s planned acquisition of Portland General Electric.

SAN MATEO, Calif., May 11, 2001 – John C. Williams & Associates, Inc., a provider of environmental consulting services, today criticized federal and state plans to build new power plants and transmission lines in order to solve the power crisis in California and the rest of the United States.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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