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RULE 424(B)5
REGISTRATION STATEMENT NO. 333-1374
PRICING SUPPLEMENT NO. 5 DATED July 9, 1996
TO PROSPECTUS, DATED Feb. 27, 1996.
$10,000,000
SIERRA PACIFIC POWER COMPANY
COLLATERALIZED MEDIUM-TERM NOTES, SERIES C
(FIXED RATE)
DUE FROM NINE MONTHS TO 40 YEARS FROM DATE OF ISSUE
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INTEREST PAYABLE EACH Jan. 1 AND FORM:
July 1 AND AT MATURITY /X/ Book Entry / / Certified
ISSUE PRICE: 100%
AGENTS COMMISSION: CURRENCY OR CURRENCY UNIT:
.35% of Principal Amount (Check one; if other than U.S. Dollars, see attached)
ORIGINAL ISSUE DATE: /X/ U.S. Dollars (USD or U.S.S)
July 12, 1996 / / European Currency Units (ECU)
INTEREST RATE PER ANNUM: 6.86% / / Australian Dollars (AUD or AUSS)
STATED MATURITY: July 12, 1999 / / British Pound (GBP or UKE)
REPURCHASE PRICE (For Discount Securities): / / Canadian Dollars (CAD or CANS)
/ / German Marks (DEM or DM)
REDEMPTION INFORMATION: / / Italian Lire (TTL or Lire)
/ / Japanese Yen (JPY or Y)
REPAYMENT INFORMATION: / / Swiss Francs (CHF or SWFr)
OTHER PROVISIONS: / / Other _________________
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The aggregate principal amount of this offering is U.S. $10,000,000 (which,
if the securities offered hereby are denominated in a currency or currency
unit other than U.S. dollars, is the equivalent, in the currency or
currency units set forth herein, of the principal amount set forth herein
at the Exchange Rate set forth herein) and relates only to Pricing
Supplement No. 5. Debt Securities, including Collateralized Medium-Term Notes,
Series C, may be issued by the Company in the aggregate principal amount of
up to U.S. $80,000,000 or the equivalent in foreign currency units. To date,
including this offering, an aggregate of U.S. $40,000,000 or the equivalent in
foreign currency or foreign currency units of Collateralized Medium-Term
Notes, Series C and all other Debt Securities, has been issued.
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TYPE OF SALE: IF PRINCIPAL TRANSACTION, REOFFERING AT:
/X/ As Agent / / varying prices related to prevailing market prices at the time of resale
/ / As Principal / / fixed public offering price of ___% of Principal Amount
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