NEVADA POWER CO
10-Q/A, 1997-10-29
ELECTRIC SERVICES
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<PAGE>
                                  FORM 10-Q/A
                                        
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D. C. 20549
                                        

                   Quarterly Report Under Section 13 or 15(d)
                     of the Securities Exchange Act of 1934



For Quarter Ended June 30, 1997                      Commission File No. 1-4698
                  -------------                                          ------

                                     Nevada Power Company                 
                    ------------------------------------------------------
                    (Exact name of registrant as specified in its charter)




           Nevada                                                  88-0045330
- -------------------------------                                -----------------
(State or other jurisdiction of                               (I.R.S.Employer 
 incorporation or organization)                              Identification No.)




6226 West Sahara Avenue, Las Vegas, Nevada                               89102
- ------------------------------------------                            ----------
(Address of principal executive offices)                              (Zip Code)



                                     (702) 367-5000                   
                  ----------------------------------------------------
                  (Registrant's telephone number, including area code)



                                                                                
- --------------------------------------------------------------------------------
   (Former name, former address and former fiscal year, if changed since last
report.)

     Indicate by  check mark  whether the  registrant (1)  has filed all reports
required to  be filed  by Section  13 or 15(d) of the Securities Exchange Act of
1934 during  the preceding  12 months  (or for  such  shorter  period  that  the
registrant was  required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X  No   .
                                             ----  ---
     Indicate the  number of  shares outstanding of each of the issuer's classes
of Common Stock, as of the latest practicable date.

           Common Stock outstanding July 31, 1997, 49,745,040 shares.
                                                   ----------
                                    1

<PAGE>
                          PART II.  OTHER INFORMATION

Items 1 through 5.  None.

Item 6.  Exhibits and Reports on Form 8-K.

     a.  Exhibits.

         Exhibits Filed                       Description
         --------------                       -----------
         27                                   Amended Financial Data Schedule

     b.  Reports on Form 8-K.

         None.




                                   Signatures
                                   ----------

     Pursuant  to the requirements of the Securities Exchange  Act of 1934, the
registrant  has  duly  caused  this  report  to  be signed on its behalf by the
undersigned thereunto duly authorized.


                                                   Nevada Power Company
                                                   --------------------
                                                       (Registrant)



                                                     STEVEN W. RIGAZIO         
                                         --------------------------------------
                                                       (Signature)
Date: October 29, 1997                               Steven W. Rigazio
      ----------------
                                          Vice President, Finance and Planning,
                                          Treasurer, Chief Financial Officer


                                       2


<TABLE> <S> <C>

<ARTICLE> UT
<LEGEND>
THE AMENDED SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET OF NEVADA POWER COMPANY AS OF JUNE 30, 1997 AND THE
RELATED CONSOLIDATED STATEMENTS OF INCOME AND CASH FLOWS FOR THE SIX MONTHS
ENDED JUNE 30, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
CONSOLIDATED FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                   $1,877,635
<OTHER-PROPERTY-AND-INVEST>                     12,514
<TOTAL-CURRENT-ASSETS>                         156,478
<TOTAL-DEFERRED-CHARGES>                       204,640
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               2,251,267
<COMMON>                                        52,886
<CAPITAL-SURPLUS-PAID-IN>                      649,160
<RETAINED-EARNINGS>                            101,266
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 803,312
                          118,872
                                      3,584
<LONG-TERM-DEBT-NET>                           732,489
<SHORT-TERM-NOTES>                              18,000
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   15,300
                          200
<CAPITAL-LEASE-OBLIGATIONS>                     91,003
<LEASES-CURRENT>                                 4,859
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 463,648
<TOT-CAPITALIZATION-AND-LIAB>                2,251,267
<GROSS-OPERATING-REVENUE>                      355,324
<INCOME-TAX-EXPENSE>                            13,621
<OTHER-OPERATING-EXPENSES>                     289,965
<TOTAL-OPERATING-EXPENSES>                     303,586
<OPERATING-INCOME-LOSS>                         51,738
<OTHER-INCOME-NET>                               2,458
<INCOME-BEFORE-INTEREST-EXPEN>                  54,196
<TOTAL-INTEREST-EXPENSE>                        26,755
<NET-INCOME>                                    27,441
                      1,034
<EARNINGS-AVAILABLE-FOR-COMM>                   26,407
<COMMON-STOCK-DIVIDENDS>                        39,259
<TOTAL-INTEREST-ON-BONDS>                            0<F1>
<CASH-FLOW-OPERATIONS>                          24,047
<EPS-PRIMARY>                                      .54
<EPS-DILUTED>                                        0<F1>
<FN>
<F1>INAPPLICABLE
</FN>
        

</TABLE>


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