Latham Advises on Sierra Pacific Power Company d/b/a NV Energy’s US$450 Million Notes Offering

Sierra Pacific Power Company d/b/a NV Energy has issued US$450 million aggregate principal amount of 6.200% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, SPPC JSN Series 2025A, due 2055. The offering is expected to close on September 8, 2025, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a Capital Markets team led by partners Erika Weinberg and Greg Rodgers, with associates Robyn Sablove, Ari Anderson, and Samantha Pannone. Advice was also provided on tax matters by partner Bora Bozkurt, with associate Farrah Yan; on environmental matters by partner Gary Gengel, with associate Tal Carmeli; and on energy regulatory and markets matters by partners Tyler Brown and Patrick Nevins.