LAS VEGAS, Aug. 6, 2012 /PRNewswire/ -- NV Energy, Inc. (NYSE: NVE) announced today that, together with California Independent System Operator Corporation (ISO), the two entities will jointly study the potential for development of transmission facilities between the two systems, as well as sharing conventional and renewable energy resources for the benefit of the respective customer groups. The joint study could begin as early as this August.
These statements contain forward-looking statements regarding the future performance of NV Energy, Inc. and its subsidiaries Nevada Power Company and Sierra Pacific Power Company, each doing business as "NV Energy" (collectively "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, uncertainty concerning the outcome of the study and uncertainty concerning any subsequent decisions on whether to proceed with the development of any facilities, or not. 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 on Form 10-K for the year ended December 31, 2011 and on Form 10-Q for the quarters ended March 31, 2012 and June 30, 2012, each filed with the SEC. 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.
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 45,592-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.