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Income doubles for NV Energy in second quarter

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THE ASSOCIATED PRESS
August 2, 2010 - 11:57 am
 

RENO -- NV Energy reports net income for the second quarter ending June 30 doubled when compared with the same period last year.

Nevada's main electricity provider on Monday said net income totaled $36.9 million, or 16 cents per share, compared with $18.4 million, or 8 cents per share, for the same quarter in 2009.

NV Energy is the holding firm for the utilities in Southern and Northern Nevada.

NV Energy had quarterly earnings for $29.7 million, up from $12.5 million last year. Earnings for Sierra Pacific dropped from $14.8 million in 2009 to $11.3 million.

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