The company also announced that it will seek shareholders’ approval to amend its corporate charter to reflect a corporate name change from Sierra Pacific Resources to NV Energy. Subject to shareholders’ approval, Sierra Pacific Resources would assume the NV Energy name at the time of approval.
The immediate name change consolidates under a single brand, a company that serves a 54,500-square-mile service territory in Nevada, and provides a wide range of energy services and products serving more than 2.4 million Nevadans and a state tourist population exceeding 40 million annually.
Michael Yackira, president and CEO of Sierra Pacific Resources, said: The name NV Energy more accurately reflects the company’s ongoing effort to be the premier provider of energy in Nevada for Nevadans. The energy needs of our state demand a singular focus, and we will be better able to meet those needs if we are one company with one consistent vision for Nevada’s energy future.
