NV Energy, Inc. (NYSE:NVE) has declared a quarterly cash dividend of $0.11 per share. The dividend will be payable to shareholders of record as of June 1, 2010. The dividend will be paid on June 16, 2010.
NV Energy has elected Dilek Samil as Senior Vice President Finance, Chief Financial Officer and Treasurer. The appointment will be made effective as of June 1, 2010. Mr. Samil has over 30 years of experience in the electric industry, having previously served as the President and Chief Operating Officer for CLECO Power LLC.
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NV Energy, Inc. is an investor-owned holding company. The Company has six primary, wholly owned subsidiaries: Nevada Power Company (operating as NV Energy), Sierra Pacific Power Company (operating as NV Energy), Sierra Pacific Communications, Sierra Pacific Energy Company, NVE Insurance Company, Inc. and Lands of Sierra. NPC and SPPC are referred to collectively as the Utilities. The Utilities operate three business segments: NPC electric, SPPC electric and SPPC natural gas. Electric service is provided to Las Vegas and surrounding Clark County, and to northern Nevada and the Lake Tahoe area of California. Natural gas service is provided in the Reno/Sparks area of Nevada.
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