Name of issuer: Sierra Pacific Resources
Class of securities: Common
CUSIP Number: 826425100
Person authorized to receive communications:
Mr. Steven C. Kleinman
" George Weiss Associates, Hartford, CT 06103"
(860) 247-2018
"Date of event requiring filing: July 1, 1996"
Schedule 13D
'-
Reporting person:
" George Weiss Weiss Quali- GWA,Inc. Profit"
" Associates, Weiss Total fied Income Sharing Plan Trust"
Inc. Return L.P. Fund III Dated 12/1/78
06-0985075 06-1179675 06-1189897 06-0995549
Member of group: yes yes yes yes
Source of funds: WC WC WC WC
Location: Connecticut Connecticut Connecticut Connecticut
Shares owned with:
"Sole voting powe 462,400 54,700"
"Shared voting power 574,400 462,600"
"Sole dispositive 462,400 54,700"
"Shared dispositive 574,400 462,600"
"Total owned 462,400 574,400 462,600 54,700"
% of class owned 1.54% 1.91% 1.54% 0.18%
Reporting entity BD PN PN EP
Information Section
'-
Item 1. Security and issuer
Title of class of equity securities: Common
Principal Officers:
" Walter M. Higgins 6100 Neil Road, Reno, Nevada 89520-3150"
" Malyn K. Malquist 6100 Neil Road, Reno, Nevada 89520-3150"
" Victor Pena 6100 Neil Road, Reno, Nevada 89520-3150"
" William Peterson 6100 Neil Road, Reno, Nevada 89520-3150"
Item 2. Identity and Background
Name Principal Business
" George Weiss Associates, Inc. Securities broker-dealer"
Weiss Total Return Limited Partnership Investment company
Weiss Qualified Income Fund III Investment company
" George Weiss Associates, Inc. Profit Employee profit sharing plan"
Sharing Plan Trust Dated 12/1/78
Weiss Asset Management Limited Investment advisor to above
Partnership investment companies
" George A. Weiss President,George Weiss Associates,"
" Inc., general partner in above"
investment companies and advisor
" , and trustee of above employee"
profit sharing plan
The above entities were all organized in Connecticut and are located
" at One State Street, Hartford, CT 06103. None of the persons associated"
" with the above entities has been convicted in a criminal proceeding,"
nor has been a party to a civil proceeding concerning securities laws.
Item 3. Source and Amount of Funds or Other Considerations
The source of funds for purchases came from the capital of each
" entity. The amount of funds used to make purchases totals $37,998,276."
None of these funds were borrowed or otherwise obtained.
Item 4. Purpose of Transaction
The purpose of the transaction is for investment purposes only.
Item 5. Interest in Securities of the Issuer
a) Common Stock
Entity Owned in the Percent of
Aggregate Outstanding
" George Weiss Associates, Inc. 462,400 1.54%"
" Weiss Total Return Limited Partnership 574,400 1.91%"
" Weiss Qualified Income Fund III 462,600 1.54%"
" George Weiss Associates, Inc. Profit 54,700 0.18%"
Sharing Plan Trust Dated 12/1/78
b) Sole voting Shared voting
& depositive & depositive
Entity power power
" George Weiss Associates, Inc. 462,400 none"
" Weiss Total Return Limited Partnership none 574,400"
" Weiss Qualified Income Fund III none 462,600"
" George Weiss Associates, Inc. Profit 54,700 none"
Sharing Plan Trust Dated 12/1/78
c)
" George Weiss Associates, Inc. Profit"
Sharing Plan Trust Dated 12/1/78
" 5/13/96Bought 4,700shares @ 24.2367 per share"
" 5/13/96Bought 50,000shares @ 24.25 per share"
" George Weiss Associates, Inc."
" 6/12/96Bought 2,500shares @ 23.625 per share"
" 6/13/96Bought 42,400shares @ 23.5 per share"
" 7/1/96Bought 67,000shares @ 25.5 per share"
" 7/1/96Bought 60,500shares @ 25.75 per share"
" 7/1/96Bought 42,100shares @ 25.698 per share"
Weiss Total Return Limited Partnership
" 7/1/96Bought 34,000shares @ 25.5 per share"
" 7/1/96Bought 44,200shares @ 25.75 per share"
" 7/1/96Bought 40,800shares @ 25.698 per share"
Weiss Qualified Income Fund III
" 7/1/96Bought 31,000shares @ 25.5 per share"
" 7/1/96Bought 40,300shares @ 25.75 per share"
" 7/1/96Bought 37,300shares @ 25.698 per share"
All above transactions were effected through established securities
exchanges.
d) Other persons have the right to receive dividends and the proceeds
from the sale of securities. Such persons do not own more than
five percent of the common stock.
e) not applicable
"Item 6. Contracts, Arrangements, Understandings or Relationships with"
Respect to Securities of the Issuer.
No such conditions exist with respect to the securities of the issuer.
The above registrants which are investment companies share a common
" investment advisor, Weiss Asset Management, L.P. The investment"
companies may defer their shareholder rights to the advisor. The
" president of George Weiss Associates, Inc. is also a general partner in"
" the investment advisor and the investment companies, and is trustee for"
the employee profit sharing plan.
Signature:
" George Weiss Associates, Inc."
President George A. Weiss
Weiss Total Return Limited Partnership
Weiss Qualified Income Fund III
Weiss Asset Management Limited Partnership
General Partner George A. Weiss
" George Weiss Associates, Inc. Profit"
Sharing Plan Trust Dated 12/1/78
Trustee George A. Weiss
