NV Energy Inc (NVE)

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Merger Approved...


NV Energy Shareholders Approve MidAmerican Merger
Date : 09/25/2013 @ 11:30AM
Source : PR Newswire (US)
Stock : NV Energy, (NVE)
Quote : 23.57 -0.04 (-0.17%) @ 8:00PM
NV Energy Shareholders Approve MidAmerican Merger
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NV Energy, (NYSE:NVE)
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1 Month : From Aug 2013 to Sep 2013


LAS VEGAS, Sept. 25, 2013 /PRNewswire/ -- NV Energy, Inc. (NYSE: NVE) announced today that NV Energy shareholders approved the previously announced merger agreement providing for the acquisition of NV Energy by MidAmerican Energy Holdings Company. The transaction, which is expected to be completed in the first quarter of 2014, remains subject to customary closing conditions, including approvals from the Federal Energy Regulatory Commission and the Public Utilities Commission of Nevada.

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Michael Yackira, President and Chief Executive Officer for NV Energy, said, "We are pleased that our shareholders have decidedly approved the merger agreement with MidAmerican. We will now turn our focus to the remaining approvals needed to complete the transaction."

NV Energy, Inc.
Headquartered in Las Vegas, NV Energy, Inc. is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, are doing business as NV Energy. Serving a combined service territory of nearly 46,000 square miles, 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.