UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~September~~January 1130, ~~2023~~2025

Date of Report (Date of earliest event reported)

Exact name of registrant as specified in its charter

State or other jurisdiction of incorporation or organization

Commission

Address of principal executive offices

IRS Employer

File Number

Registrant's telephone number, including area code

Identification No.

000-52378

NEVADA POWER COMPANY

88-0420104

(A Nevada Corporation)

6226 West Sahara Avenue

Las Vegas, Nevada 89146

702-402-5000

N/A

(Former name or former address, if changed from last report)

______________________________________________________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Registrant			Securities registered pursuant to Section 12(b) of the Act:
NEVADA POWER COMPANY			None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 8.01. Other Events.

On ~~September~~February 133, ~~2023~~2025, Nevada Power Company (the "Company"), completed the sale of $~~500~~300 million in aggregate principal amount of its 6.~~000~~250% ~~General~~Fixed-to-Fixed ~~and~~Reset ~~Refunding~~Rate ~~Mortgage~~Junior Subordinated Notes, ~~NPC Series 2023A,~~ due ~~2054~~2055 (the "Notes") pursuant to an Underwriting Agreement dated ~~September~~January 1130, ~~2023~~2025 between the Company and the underwriters named therein. The Underwriting Agreement contains certain customary representations, warranties and covenants concerning the Company and the registration statement relating to the offering of the Notes. In addition, the Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended.

The Company will pay interest on the Notes, ~~semi-annually~~from inand ~~arrears~~including onFebruary ~~March~~3, 152025, ~~and~~(the ~~September~~"original 15issue ofdate") ~~each year~~to, ~~beginning~~but onexcluding, ~~March~~May 15, ~~2024.~~2030 ~~The~~at ~~Notes~~a ~~were~~rate ~~issued~~of ~~under~~6.250% ~~and~~per ~~secured~~annum byand ~~the~~from ~~General~~ and ~~Refunding~~including ~~Mortgage Indenture, dated as of~~ May 115, ~~2001~~2030, asduring ~~amended~~each ~~and~~Reset ~~supplemented~~Period ~~(the~~at ~~“G&R~~a ~~Indenture”),~~rate ~~between~~per ~~the~~annum ~~Company~~equal ~~and~~to ~~The~~the ~~Bank~~Five-year ofU.S. ~~New~~Treasury ~~York~~Rate ~~Mellon~~as ~~Trust~~of ~~Company,~~the ~~N.A.,~~most asrecent ~~Trustee.~~Reset ~~The~~Interest ~~Notes~~Determination ~~will~~Date ~~mature~~plus ona ~~March~~spread ~~15,~~of ~~2054~~1.936%, ~~The Company intends~~ to ~~use~~be areset ~~portion~~on ofeach ~~the~~Reset ~~net~~Date. ~~proceeds~~Interest ~~from~~on the ~~sale of the~~ Notes towill ~~repay~~accrue ~~its~~from ~~term~~and ~~loan~~including ~~due~~February ~~January 14~~3, ~~2024~~2025 and awill ~~portion~~be ofpaid semi-annually ~~the~~in ~~remaining~~arrears ~~net~~on ~~proceeds~~May to15 ~~repay~~and ~~short-term~~November ~~borrowings~~15 ~~outstanding~~of ~~under~~each ~~the~~year, ~~Company's~~beginning ~~revolving~~on ~~credit~~May ~~facility~~15, to2025. ~~fund~~The ~~capital~~Notes ~~expenditures~~will ~~and~~mature ~~for~~on ~~general~~May ~~corporate~~15, ~~purposes~~2055.

AtThe ~~any~~Notes ~~time~~were ~~prior~~issued pursuant to ~~September~~an 15indenture, ~~2053~~by ~~(the~~and ~~"Par~~between ~~Call Date"),~~ the Company ~~may~~and ~~redeem~~The ~~the~~Bank ~~Notes~~of atNew ~~its~~York ~~option,~~Mellon inTrust ~~whole~~Company, ~~or in part~~N.A., atas ~~any~~Trustee ~~time~~dated ~~and~~February 3, ~~from~~2025 ~~time~~(the to"Original ~~time~~Indenture"), atas asupplemented ~~redemption~~by ~~price~~a ~~equal~~supplemental toindenture ~~the~~dated ~~greater~~February 3, of2025 (~~1) (a)~~ the ~~sum~~"Supplemental ofIndenture" ~~the present values of the remaining scheduled payments of principal~~ and, ~~interest~~together ~~thereon~~with ~~discounted to~~ the ~~redemption~~Original ~~date~~Indenture, ~~(assuming~~ the ~~notes matured on the Par Call Date~~"Indenture"). onThe aCompany ~~semi-annual~~intends ~~basis~~to ~~(assuming~~use a ~~360-day~~portion ~~year consisting~~ of ~~twelve 30-day months) at~~ the ~~Treasury~~net ~~Rate~~proceeds ~~plus~~from ~~25 basis points less (b) interest accrued to~~ the ~~date~~sale of ~~redemption, and (2) 100% of~~ the ~~principal amount of the~~ Notes to befund ~~redeemed,~~capital ~~plus,~~expenditures ~~in either case, accrued~~ and ~~unpaid~~for ~~interest~~general ~~thereon~~corporate ~~to the redemption date~~purposes.

OnThe orCompany ~~after~~may ~~the~~redeem ~~Par~~some ~~Call~~or ~~Date,~~all of the ~~Company~~notes, ~~may~~at ~~redeem~~its ~~the Notes~~option, in whole or in part, at(1) on any ~~time~~day ~~and~~in ~~from~~the ~~time~~period commencing on the date falling 90 days prior to ~~time~~the First Reset Date and ending on and including the First Reset Date and (ii) at the First Reset Date, on any interest payment date, at a redemption price in cash equal to 100% of the principal amount of the ~~Notes~~notes being redeemed, plus, subject to the terms of the Underwriting Agreement, accrued and unpaid interest ~~thereon~~on the notes to be redeemed to, but excluding, the redemption date.

The ~~foregoing~~Company ~~discussion~~may ofredeem the ~~Notes~~notes isin ~~qualified~~whole but not in ~~its~~part, ~~entirety~~for bya ~~reference~~period toof 120 days following the ~~Officer’s~~occurrence ~~Certificate~~of ~~establishing~~a ~~the~~Tax ~~terms~~Event at a redemption price in cash equal to 100% of the ~~Notes~~principal ~~under~~amount of the ~~G&R~~notes, ~~Indenture~~plus, asubject ~~copy~~to the terms of ~~which~~the isUnderwriting ~~filed~~Agreement, asaccrued ~~Exhibit~~and ~~4.1~~unpaid interest on the notes to ~~this~~be ~~Form~~redeemed ~~8-K.~~to, but excluding, the redemption date.

2The Notes will be unsecured obligations and will rank junior and subordinate in right of payment to the prior payment of the Company's existing and future senior debt as defined in the Indenture. The Notes will rank equally in right of payment with any future unsecured indebtedness that the Company may incur from time to time if the terms of the indebtedness provide that it ranks equally with the Notes in right of payment.

The foregoing discussion of the Notes and the Indenture is qualified in its entirety by reference to (i) the Original Indenture and (ii) the Supplemental Indenture, copies of which are filed as Exhibit 4.1 and 4.2, respectively, to this Current Report on Form 8-K and are incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.						Description
1.1						Underwriting Agreement, dated ~~September~~January 1130, ~~2023~~2025, between ~~the~~Nevada Power Company and the underwriters named therein.
4.1						~~Form~~Indenture, dated as of ~~Officer's~~February ~~Certificate~~3, ~~establishing~~2025, ~~the~~by ~~terms~~and ofbetween ~~the~~Nevada Power Company's ~~6.000%~~and ~~General~~The ~~and~~Bank ~~Refunding~~of ~~Mortgage~~New ~~Notes,~~York ~~NPC~~Mellon ~~Series~~Trust ~~2023A~~Company, ~~Due~~N.A., ~~2054~~as trustee.
4.2						First Supplemental Indenture, dated as of February 3, 2025, by and between Nevada Power Company and The Bank of New York Mellon Trust Company, N.A., as trustee, relating to the 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055.
5.1						Opinion of ArentFox Schiff LLP.
5.2						Opinion of Hutchison & Steffen, PLLC.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

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 hereunto duly authorized.

			NEVADA POWER COMPANY
Date: September 14, 2023
Date: February 5, 2025
			/s/ Michael J. Behrens
			Michael J. Behrens
			Vice President and Chief Financial Officer

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