NV Energy Seeks Proposals for Additional Renewable Energy Resources

NV Energy (NYSE:NVE) announced today that its two Nevada-based utility subsidiaries have issued a Request for Proposals (RFP) for additional renewable energy resources.

Proposals will be considered for energy derived from solar, geothermal, biomass, wind and other resources eligible for portfolio energy credits under Nevada renewable energy law. Nevada’s renewable portfolio standard stands at 12 percent of the total amount of retail electricity sales and increases to 15 percent in 2011 and to 25 percent in 2025.

Responses to the RFP are due at 5 p.m. (PDT) on April 16, 2010. Parties interested in submitting a response to the spring 2010 Request for Proposals should go to NV Energy’s website at www.NVEnergy.com/renewableRFP for additional information. The website also will enable respondents to register for a Pre-Bidders Conference that will be held March 11.

NV Energy currently has more than 1,200 megawatts of geothermal, solar, wind, biomass, small hydro, and waste-heat recovery under contract that are either in commercial operation or in the project development stage.

About NV Energy

Headquartered in Las Vegas, Nevada, NV Energy, Inc. is a holding company with principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, doing business as NV Energy. Serving a combined 54,500-square-mile service territory, NV Energy provides a wide range of energy services and products to approximately 2.4 million citizens of Nevada and nearly 40 million tourists annually. For more information, visit www.nvenergy.com.

These statements contain forward-looking statements regarding the future performance of Nevada Power Company d/b/a NV Energy and Sierra Pacific Power Company d/b/a NV Energy, within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from current expectations. These risks and uncertainties include, but are not limited to, risks related to changes NV Energy’s renewable portfolio standard and changes in NV Energy’s renewable energy contract portfolio. Additional cautionary statements regarding other risk factors that could have an effect on the future performance of NV Energy, are contained in the Annual Reports of NV Energy, Inc., Nevada Power Company d/b/a NV Energy and Sierra Pacific Power Company d/b/a NV Energy on Form 10-K for the year ended December 31, 2008 and in its Quarterly Report on Form 10-Q for the quarters ended March 31, 2009, June 30, 2009 and September 31, 2009, filed with the Securities & Exchange Commission. NV Energy undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.