NV ENERGY, INC. (NVE, Financial) filed Quarterly Report for the period ended 2010-03-31.
Nv Energy, Inc. has a market cap of $2.89 billion; its shares were traded at around $12.32 with a P/E ratio of 14.1 and P/S ratio of 0.8. The dividend yield of Nv Energy, Inc. stocks is 3.7%.NVE is in the portfolios of David Dreman of Dreman Value Management, Murray Stahl of Horizon Asset Management, Stanley Druckenmiller of Duquesne Capital Management, LLC, Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC, George Soros of Soros Fund Management LLC, Charles Brandes of Brandes Investment, Chuck Royce of Royce& Associates.
NVE has submitted a plan in NPC s 2009 IRP filed in February 2010 with a proposed company investment of $95 million and a demand response program budget of $16 million. SPPC s investment of $50 million is expected to be submitted in its next IRP amendment filing. An additional $2 million within NVE s capital budget covers energy management system upgrades in 2010.
As of March 31, 2010, NPC had paid $27 million in dividends to NVE and SPPC had paid $13 million in dividends to NVE. On May 4, 2010, NPC and SPPC declared a dividend to NVE of $26 million and $12 million, respectively.
NVE and the Utilities have no significant debt maturities in 2010. Significant debt maturities in 2011 are limited to NPC s $350 million 8.25% General and Refunding Notes, Series A, which mature on June 1, 2011. As of May 4, 2010, NPC has borrowed approximately $221 million on its $600 million revolving credit facility, and SPPC has no borrowings outstanding on its $250 million revolving credit facility, not including reductions for hedging transactions or letters of credit (see Financing Transactions below).
As of March 31, 2010, NVE (on a stand-alone basis) has outstanding debt and other obligations including, but not limited to: $63.7 million of its unsecured 7.803% Senior Notes due 2012; $191.5 million of its unsecured 6.75% Senior Notes due 2017; and $230 million of its unsecured 8.625% Senior Notes due 2014.
As of March 31, 2010, NVE, NPC, SPPC and their subsidiaries had approximately $5.6 billion of debt and other obligations outstanding, consisting of approximately $3.8 billion of debt at NPC, approximately $1.3 billion of debt at SPPC and approximately $485 million of debt at the holding company and other subsidiaries. Although NVE and the Utilities are parties to agreements that
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Nv Energy, Inc. has a market cap of $2.89 billion; its shares were traded at around $12.32 with a P/E ratio of 14.1 and P/S ratio of 0.8. The dividend yield of Nv Energy, Inc. stocks is 3.7%.NVE is in the portfolios of David Dreman of Dreman Value Management, Murray Stahl of Horizon Asset Management, Stanley Druckenmiller of Duquesne Capital Management, LLC, Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC, George Soros of Soros Fund Management LLC, Charles Brandes of Brandes Investment, Chuck Royce of Royce& Associates.
Highlight of Business Operations:
NVE incurred a net loss of $1.7 million for the three months ended March 31, 2010 compared to a net loss of $22.2 million for the same period in 2009. The increase in consolidated gross margin and the reduction in net loss of approximately $21 million is primarily due to increased rates as a result of NPC s GRC, which was effective beginning July 1, 2009.NVE has submitted a plan in NPC s 2009 IRP filed in February 2010 with a proposed company investment of $95 million and a demand response program budget of $16 million. SPPC s investment of $50 million is expected to be submitted in its next IRP amendment filing. An additional $2 million within NVE s capital budget covers energy management system upgrades in 2010.
As of March 31, 2010, NPC had paid $27 million in dividends to NVE and SPPC had paid $13 million in dividends to NVE. On May 4, 2010, NPC and SPPC declared a dividend to NVE of $26 million and $12 million, respectively.
NVE and the Utilities have no significant debt maturities in 2010. Significant debt maturities in 2011 are limited to NPC s $350 million 8.25% General and Refunding Notes, Series A, which mature on June 1, 2011. As of May 4, 2010, NPC has borrowed approximately $221 million on its $600 million revolving credit facility, and SPPC has no borrowings outstanding on its $250 million revolving credit facility, not including reductions for hedging transactions or letters of credit (see Financing Transactions below).
As of March 31, 2010, NVE (on a stand-alone basis) has outstanding debt and other obligations including, but not limited to: $63.7 million of its unsecured 7.803% Senior Notes due 2012; $191.5 million of its unsecured 6.75% Senior Notes due 2017; and $230 million of its unsecured 8.625% Senior Notes due 2014.
As of March 31, 2010, NVE, NPC, SPPC and their subsidiaries had approximately $5.6 billion of debt and other obligations outstanding, consisting of approximately $3.8 billion of debt at NPC, approximately $1.3 billion of debt at SPPC and approximately $485 million of debt at the holding company and other subsidiaries. Although NVE and the Utilities are parties to agreements that
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