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90144_12_item7_p375_s3
90144_11_item7_p245_s2
NPC is unable to make a reasonably reliable estimate of the period of cash payments to relevant tax authorities; consequently, none of the uncertain tax liability is included in the contractual obligations table below (dollars in thousands):
SPPC is unable to make a reasonably reliable estimate of the period of cash payments to relevant tax authorities; consequently, none of the uncertain tax liability is included in the contractual obligations table below (dollars in millions):
2
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[]
[ "SPPC", "millions" ]
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90144_12_item7_p377_s0
90144_11_item7_p248_s1
Additionally, NPC, as a joint owner, has obligations regarding the construction of ON Line.
Additionally, SPPC, as a joint owner, has obligations regarding the construction of ON Line.
2
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[]
[ "SPPC" ]
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90144_12_item7_p154_s1
90144_11_item7_p249_s5
At the present time it is not expected that additional funding will be required in 2011 to meet the minimum funding level requirements defined by the P ension Protection Act of 2006.
At the present time, it is not anticipated that additional funding will be required in 2012 to meet the minimum funding level requirements defined by the Pension Protection Act of 2006.
2
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[]
[ "anticipated", "Pension" ]
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90144_12_item7_p260_s1
90144_11_item7_p249_s5
At the present time it is not expected that additional funding will be required in 2011 to meet the minimum funding level requirements defined by the P ension Protection Act of 2006.
At the present time, it is not anticipated that additional funding will be required in 2012 to meet the minimum funding level requirements defined by the Pension Protection Act of 2006.
2
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[]
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90144_12_item7_p379_s1
90144_11_item7_p249_s5
At the present time it is not expected that additional funding will be required in 2011 to meet the minimum funding level requirements defined by the P ension Protection Act of 2006.
At the present time, it is not anticipated that additional funding will be required in 2012 to meet the minimum funding level requirements defined by the Pension Protection Act of 2006.
2
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[]
[ "anticipated", "Pension" ]
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90144_12_item7_p155_s4
90144_11_item7_p252_s1
The margin varies based upon NPC s credit rating by S P and Moody s.
The margin varies based upon NVE s long term unsecured debt credit rating by S P and Moody s.
2
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[]
[ "NVE", "long", "term", "unsecured", "debt" ]
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90144_12_item7_p262_s0
90144_11_item7_p254_s0
The $600 million revolving credit facility contains a provision which reduces the availability under the credit facility by the negative mark-to-market exposure for hedging transactions with credit facility lenders or their energy trading affiliates.
NPC s $600 million revolving credit facility contains a provision which reduces the availability under the credit facility by the negative mark-to-market exposure for hedging transactions with credit facility lenders or their energy trading affiliates.
2
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[]
[ "NPC" ]
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90144_12_item7_p380_s0
90144_11_item7_p254_s0
The $600 million revolving credit facility contains a provision which reduces the availability under the credit facility by the negative mark-to-market exposure for hedging transactions with credit facility lenders or their energy trading affiliates.
SPPC s $250 million revolving credit facility contains a provision which reduces the availability under the credit facility by the negative mark-to-market exposure for hedging transactions with credit facility lenders or their energy trading affiliates.
2
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[]
[ "SPPC" ]
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90144_12_item7_p380_s1
90144_11_item7_p254_s1
The reduction in availability limits the amount that NPC can borrow or use for letters of credit and would require that NPC prepay any amount in excess of that limitation.
The reduction in availability limits the amount that SPPC can borrow or use for letters of credit and would require that SPPC prepay any amount in excess of that limitation.
2
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[]
[ "SPPC", "SPPC" ]
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90144_12_item7_p380_s2
90144_11_item7_p254_s2
The amount of the reduction is calculated by NPC on a monthly basis, and after calculating such reduction, the NPC Credit Agreement provides that the reduction in availability under the revolving credit facility to NPC shall not exceed 50% of the total commitments then in effect under the revolving credit facility.
The amount of the reduction is calculated by SPPC on a monthly basis, and after calculating such reduction, the SPPC Credit Agreement provides that reduction in the availability under the revolving credit facility to SPPC shall not exceed 50% of the total commitments then in effect under the revolving credit facility.
2
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[]
[ "SPPC", "SPPC", "SPPC" ]
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90144_12_item7_p381_s0
90144_11_item7_p255_s0
The NPC Credit Agreement contains one financial maintenance covenant that requires NPC to maintain a ratio of consolidated indebtedness to consolidated capital, determined as of the last day of each fiscal quarter, not to exceed 0.68 to 1.
The SPPC Credit Agreement contains one financial maintenance covenant that requires SPPC to maintain a ratio of consolidated indebtedness to consolidated capital, determined as of the last day of each fiscal quarter, not to exceed 0.68 to 1.
2
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[]
[ "SPPC", "SPPC" ]
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90144_12_item7_p385_s0
90144_11_item7_p255_s0
The NPC Credit Agreement contains one financial maintenance covenant that requires NPC to maintain a ratio of consolidated indebtedness to consolidated capital, determined as of the last day of each fiscal quarter, not to exceed 0.68 to 1.
Financial covenants within SPPC s financing agreements Under SPPC s $250 million revolving credit facility, the Utility must maintain a ratio of consolidated indebtedness to consolidated capital, determined as of the last day of each fiscal quarter, not to exceed 0.68 to 1.
2
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[]
[ "Financial", "covenants", "within", "SPPC", "financing", "agreements", "SPPC", "250", "million", "revolving", "credit", "facility", "Utility", "must" ]
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90144_12_item7_p381_s1
90144_11_item7_p255_s1
In the event that NPC did not meet the financial maintenance covenant or there is an event of default, the NPC Credit Agreement would restrict dividends to NVE.
In the event that SPPC did not meet the financial maintenance covenant or there is an event of default, the SPPC Credit Agreement would restrict dividends to NVE.
2
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[]
[ "SPPC", "SPPC" ]
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90144_12_item7_p381_s2
90144_11_item7_p255_s2
Moreover, so long as NPC s senior secured debt remains rated investment grade by S P and Moody s (in each case, with a stable or better outlook), a representation concerning no material adverse change in NPC s business, assets, property or financial condition would not be a condition to the availability of credit under...
Moreover, so long as SPPC s senior secured debt remains rated investment grade by S P and Moody s (in each case, with a stable or better outlook), a representation concerning no material adverse change in SPPC s business, assets, property or financial condition would not be a condition to the availability of credit und...
2
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[]
[ "SPPC", "SPPC" ]
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90144_12_item7_p263_s3
90144_11_item7_p255_s3
In the event that NPC s senior secured debt ratin g were rated below investment grade by either S P or Moody s, or investment grade by either S P or Moody s but with a negative outlook, a representation concerning no material adverse change in NPC s business, assets, property or financial condition would be a condition...
In the event that NPC s senior secured debt rating were rated below investment grade by either S P or Moody s, or investment grade by either S P or Moody s but with a negative outlook, a representation concerning no material adverse change in NPC s business, assets, property or financial condition would be a condition ...
2
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[]
[ "rating" ]
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90144_12_item7_p381_s3
90144_11_item7_p255_s3
In the event that NPC s senior secured debt ratin g were rated below investment grade by either S P or Moody s, or investment grade by either S P or Moody s but with a negative outlook, a representation concerning no material adverse change in NPC s business, assets, property or financial condition would be a condition...
In the event that SPPC s senior secured debt rating were rated below investment grade by either S P or Moody s, or investment grade by either S P or Moody s but with a negative outlook, a representation concerning no material adverse change in SPPC s business, assets, property or financial condition would be a conditio...
2
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[]
[ "SPPC", "rating", "SPPC" ]
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90144_12_item7_p383_s0
90144_11_item7_p256_s0
NPC s ability to issue debt is impacted by certain factors such as financing authority from the PUCN, financial covenants in its financing agreements and revolving credit facility agreements, and the terms of certain NVE debt.
SPPC s ability to issue debt is impacted by certain factors such as financing authority from the PUCN, financial covenants in its financing agreements and its revolving credit facility agreement, and the terms of certain NVE debt.
2
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[ "SPPC", "s", "ability", "to", "issue", "debt", "is", "impacted", "by", "certain", "factors", "such", "as", "financing", "authority", "from", "the", "PUCN", ",", "financial", "covenants", "in", "its", "financing", "agreements", "and", "its", "revolving", "credi...
[]
[ "SPPC", "agreement" ]
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90144_12_item7_p384_s1
90144_11_item7_p256_s4
The factors affecting NPC s ability to issue debt are further detailed below:
The factors affecting SPPC s ability to issue debt are further detailed below:
2
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[ "The", "factors", "affecting", "NPC", "s", "ability", "to", "issue", "debt", "are", "further", "detailed", "below", ":" ]
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[]
[ "SPPC" ]
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90144_12_item7_p381_s0
90144_11_item7_p258_s0
Financial covenants within NPC s financing agreements Under its $600 million revolving credit facility, NPC must maintain a ratio of consolidated indebtedness to consolidated capital, determined as of the last day of each fiscal quarter, not to exceed 0.68 to 1.
The SPPC Credit Agreement contains one financial maintenance covenant that requires SPPC to maintain a ratio of consolidated indebtedness to consolidated capital, determined as of the last day of each fiscal quarter, not to exceed 0.68 to 1.
2
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[]
[ "SPPC", "Credit", "Agreement", "contains", "one", "financial", "maintenance", "covenant", "requires", "SPPC" ]
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90144_12_item7_p385_s0
90144_11_item7_p258_s0
Financial covenants within NPC s financing agreements Under its $600 million revolving credit facility, NPC must maintain a ratio of consolidated indebtedness to consolidated capital, determined as of the last day of each fiscal quarter, not to exceed 0.68 to 1.
Financial covenants within SPPC s financing agreements Under SPPC s $250 million revolving credit facility, the Utility must maintain a ratio of consolidated indebtedness to consolidated capital, determined as of the last day of each fiscal quarter, not to exceed 0.68 to 1.
2
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[]
[ "SPPC", "SPPC", "Utility" ]
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90144_12_item7_p385_s1
90144_11_item7_p258_s1
Based on December 31, 2010 financial statements, NPC was in compliance with this covenant and could incur up to $2.3 billion of additional indebtedness.
Based on December 31, 2011 financial statements, SPPC was in compliance with this covenant and could incur up to $879 million of additional indebtedness.
2
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[]
[ "SPPC", "879", "million" ]
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90144_12_item7_p386_s0
90144_11_item7_p259_s0
All other financial covenants contained in NPC s financing agreements are suspended, as NPC s senior secured debt is rated investment grade.
All other financial covenants contained in SPPC s financing agreements are suspended, as SPPC s senior secured debt is rated investment grade.
2
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[ "All", "other", "financial", "covenants", "contained", "in", "NPC", "s", "financing", "agreements", "are", "suspended", ",", "as", "NPC", "s", "senior", "secured", "debt", "is", "rated", "investment", "grade", "." ]
[ "All", "other", "financial", "covenants", "contained", "in", "SPPC", "s", "financing", "agreements", "are", "suspended", ",", "as", "SPPC", "s", "senior", "secured", "debt", "is", "rated", "investment", "grade", "." ]
[]
[ "SPPC", "SPPC" ]
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90144_12_item7_p387_s0
90144_11_item7_p260_s0
Financial covenants within NVE s financing agreements As discussed in NVE s Ability to Issue Debt , NPC is also subject to NVE s cap on additional consolidated indebtedness of $1.9 billion.
Financial covenants contained within NVE s Term Loan As discussed in NVE s Ability to Issue Debt , SPPC is also subject to NVE s cap on additional consolidated indebtedness of $2.8 billion.
2
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[ "Financial", "covenants", "within", "NVE", "s", "financing", "agreements", "As", "discussed", "in", "NVE", "s", "Ability", "to", "Issue", "Debt", ",", "NPC", "is", "also", "subject", "to", "NVE", "s", "cap", "on", "additional", "consolidated", "indebtedness", ...
[ "Financial", "covenants", "contained", "within", "NVE", "s", "Term", "Loan", "As", "discussed", "in", "NVE", "s", "Ability", "to", "Issue", "Debt", ",", "SPPC", "is", "also", "subject", "to", "NVE", "s", "cap", "on", "additional", "consolidated", "indebtedne...
[]
[ "contained", "Term", "Loan", "SPPC", "2.8" ]
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90144_12_item7_p388_s0
90144_11_item7_p261_s0
To the extent that NPC has the ability to issue debt under the most restrictive covenants in its financing agreements and has financing authority to do so from the PUCN, NPC s ability to issue secured debt is still limited by the amount of bondable property or retired bonds that can be used to issue debt under NPC s Ge...
To the extent that SPPC has the ability to issue debt under the most restrictive covenants in its financing agreements and has financing authority to do so from the PUCN, SPPC s ability to issue secured debt is still limited by the amount of bondable property or retired bonds that can be used to issue debt under SPPC s...
2
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[ "To", "the", "extent", "that", "NPC", "has", "the", "ability", "to", "issue", "debt", "under", "the", "most", "restrictive", "covenants", "in", "its", "financing", "agreements", "and", "has", "financing", "authority", "to", "do", "so", "from", "the", "PUCN",...
[ "To", "the", "extent", "that", "SPPC", "has", "the", "ability", "to", "issue", "debt", "under", "the", "most", "restrictive", "covenants", "in", "its", "financing", "agreements", "and", "has", "financing", "authority", "to", "do", "so", "from", "the", "PUCN"...
[]
[ "SPPC", "SPPC", "SPPC" ]
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90144_12_item7_p390_s0
90144_11_item7_p262_s1
As of December 31, 2010 $4.0 billion of NPC s General and Refunding Mortgage Securities were outstanding.
As of December 31, 2011, $1.5 billion of SPPC s General and Refunding Mortgage Securities were outstanding.
2
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[]
[ "1.5", "SPPC" ]
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90144_12_item7_p390_s1
90144_11_item7_p262_s2
NPC had the capacity to issue $706.6 million of General and Refunding Mortgage Securities as of December 31, 2010.
SPPC had the capacity to issue $760 million of additional General and Refunding Mortgage Securities as of December 31, 2011.
2
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[ "NPC", "had", "the", "capacity", "to", "issue", "$", "706.6", "million", "of", "General", "and", "Refunding", "Mortgage", "Securities", "as", "of", "December", "31", ",", "2010", "." ]
[ "SPPC", "had", "the", "capacity", "to", "issue", "$", "760", "million", "of", "additional", "General", "and", "Refunding", "Mortgage", "Securities", "as", "of", "December", "31", ",", "2011", "." ]
[]
[ "SPPC", "additional" ]
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90144_12_item7_p393_s0
90144_11_item7_p265_s0
NPC also has the ability to release property from the lien of the mortgage indenture on the basis of net property additions, cash and/or retired bonds.
SPPC also has the ability to release property from the lien of the mortgage indenture on the basis of net property additions, cash and/or retired bonds.
2
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[ "NPC", "also", "has", "the", "ability", "to", "release", "property", "from", "the", "lien", "of", "the", "mortgage", "indenture", "on", "the", "basis", "of", "net", "property", "additions", ",", "cash", "and/or", "retired", "bonds", "." ]
[ "SPPC", "also", "has", "the", "ability", "to", "release", "property", "from", "the", "lien", "of", "the", "mortgage", "indenture", "on", "the", "basis", "of", "net", "property", "additions", ",", "cash", "and/or", "retired", "bonds", "." ]
[]
[ "SPPC" ]
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90144_12_item7_p393_s1
90144_11_item7_p265_s1
To the extent NPC releases property from the lien of NPC s Indenture, it will reduce the amount of securities issuable under the Indenture.
To the extent SPPC releases property from the lien of SPPC s Indenture, it will reduce the amount of securities issuable under the Indenture.
2
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[ "To", "the", "extent", "NPC", "releases", "property", "from", "the", "lien", "of", "NPC", "s", "Indenture", ",", "it", "will", "reduce", "the", "amount", "of", "securities", "issuable", "under", "the", "Indenture", "." ]
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[]
[ "SPPC", "SPPC" ]
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90144_12_item7_p166_s0
90144_11_item7_p266_s0
The liquidity of NPC, the cost and availability of borrowing by NPC under its credit facility, the potential exposure of NPC to collateral calls under various contracts and the ability of NPC to acquire fuel and purchased power on favorable terms are all directly affected by the credit ratings for NPC s debt.
The liquidity of NVE and the Utilities, the cost and availability of borrowing by the Utilities under their respective credit facilities, the potential exposure of the Utilities to collateral calls under various contracts and the ability of the Utilities to acquire fuel and purchased power on favorable terms are all di...
2
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[ "The", "liquidity", "of", "NVE", "and", "the", "Utilities", ",", "the", "cost", "and", "availability", "of", "borrowing", "by", "the", "Utilities", "under", "their", "respective", "credit", "facilities", ",", "the", "potential", "exposure", "of", "the", "Utili...
[]
[ "NVE", "Utilities", "Utilities", "respective", "facilities", "Utilities", "Utilities", "companies" ]
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90144_12_item7_p394_s0
90144_11_item7_p266_s0
The liquidity of NPC, the cost and availability of borrowing by NPC under its credit facility, the potential exposure of NPC to collateral calls under various contracts and the ability of NPC to acquire fuel and purchased power on favorable terms are all directly affected by the credit ratings for NPC s debt.
The liquidity of SPPC, the cost and availability of borrowing by SPPC under its credit facility, the potential exposure of SPPC to collateral calls under various contracts and the ability of SPPC to acquire fuel and purchased power on favorable terms are all directly affected by the credit ratings for SPPC s debt.
2
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[ "The", "liquidity", "of", "SPPC", ",", "the", "cost", "and", "availability", "of", "borrowing", "by", "SPPC", "under", "its", "credit", "facility", ",", "the", "potential", "exposure", "of", "SPPC", "to", "collateral", "calls", "under", "various", "contracts",...
[]
[ "SPPC", "SPPC", "SPPC", "SPPC", "SPPC" ]
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90144_12_item7_p400_s0
90144_11_item7_p268_s0
Fitch s, Moody s and S P s rating outlook for NPC is Stable.
Fitch s, Moody s and S P s rating outlook for SPPC is Stable.
2
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[ "Fitch", "s", ",", "Moody", "s", "and", "S", "P", "s", "rating", "outlook", "for", "NPC", "is", "Stable", "." ]
[ "Fitch", "s", ",", "Moody", "s", "and", "S", "P", "s", "rating", "outlook", "for", "SPPC", "is", "Stable", "." ]
[]
[ "SPPC" ]
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90144_12_item7_p402_s0
90144_11_item7_p270_s0
Each security rating agency has its own methodology for assigning ratings, and accordingly, each rating should be evaluated in the context of the applicable methodology, independently of all other ratings.
ratings, and, accordingly, each rating should be evaluated in the context of the applicable methodology, independently of all other ratings.
2
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[]
[]
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90144_12_item7_p404_s0
90144_11_item7_p272_s0
With respect to NPC s contracts for purchased power, NPC purchases and sells electricity with counterparties under the WSPP agreement, an industry standard contract that NPC uses as a member of the WSPP.
With respect to SPPC s contracts for purchased power, SPPC purchases and sells electricity with counterparties under the WSPP agreement, an industry standard contract that SPPC uses as a member of the WSPP.
2
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[ "With", "respect", "to", "NPC", "s", "contracts", "for", "purchased", "power", ",", "NPC", "purchases", "and", "sells", "electricity", "with", "counterparties", "under", "the", "WSPP", "agreement", ",", "an", "industry", "standard", "contract", "that", "NPC", ...
[ "With", "respect", "to", "SPPC", "s", "contracts", "for", "purchased", "power", ",", "SPPC", "purchases", "and", "sells", "electricity", "with", "counterparties", "under", "the", "WSPP", "agreement", ",", "an", "industry", "standard", "contract", "that", "SPPC",...
[]
[ "SPPC", "SPPC", "SPPC" ]
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90144_12_item7_p405_s0
90144_11_item7_p273_s0
Under these contracts, a material adverse change, which includes a credit rating downgrade, in NPC may allow the counterparty to request adequate financial assurance, which, if not provided within three business days, could cause a default.
Under these contracts, a material adverse change, which includes a credit rating downgrade, in SPPC may allow the counterparty to request adequate financial assurance, which, if not provided within three business days, could cause a default.
2
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[]
[ "SPPC" ]
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90144_12_item7_p180_s0
90144_11_item7_p274_s0
Most contracts and confirmations for purchased power have been modified or separate agreements have been made to either shorten the normal payment due date or require payment in advance of delivery in response to requests for financial assurance.
Most contracts and confirmations for natural gas purchases have been modified or separate agreements have been made to either shorten the normal payment due date or require payment in advance of delivery in response to requests for financial assurances.
2
[ "<tag1>", "Most", "contracts", "and", "confirmations", "for", "purchased", "power", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require", "paymen...
[ "Most", "contracts", "and", "confirmations", "for", "purchased", "power", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require", "payment", "in", ...
[ "Most", "contracts", "and", "confirmations", "for", "natural", "gas", "purchases", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require", "payment...
[]
[ "natural", "gas", "purchases", "assurances" ]
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90144_12_item7_p290_s0
90144_11_item7_p274_s0
Most contracts and confirmations for purchased power have been modified or separate agreements have been made to either shorten the normal payment due date or require payment in advance of delivery in response to requests for financial assurance.
Most contracts and confirmations for natural gas purchases have been modified or separate agreements have been made to either shorten the normal payment due date or require payment in advance of delivery in response to requests for financial assurances.
2
[ "<tag1>", "Most", "contracts", "and", "confirmations", "for", "purchased", "power", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require", "paymen...
[ "Most", "contracts", "and", "confirmations", "for", "purchased", "power", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require", "payment", "in", ...
[ "Most", "contracts", "and", "confirmations", "for", "natural", "gas", "purchases", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require", "payment...
[]
[ "natural", "gas", "purchases", "assurances" ]
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90144_12_item7_p409_s1
90144_11_item7_p274_s0
Most contracts and confirmations for purchased power have been modified or separate agreements have been made to either shorten the normal payment due date or require payment in advance of delivery in response to requests for financial assurance.
Most contracts and confirmations for natural gas purchases have been modified or separate agreements have been made to either shorten the normal payment due date or require payment in advance of delivery.
2
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[ "Most", "contracts", "and", "confirmations", "for", "purchased", "power", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require", "payment", "in", ...
[ "Most", "contracts", "and", "confirmations", "for", "natural", "gas", "purchases", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require", "payment...
[]
[ "natural", "gas", "purchases" ]
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90144_12_item7_p408_s0
90144_11_item7_p276_s0
With respect to the purchase and sale of natural gas, NPC uses several types of standard industry contracts.
With respect to the purchase and sale of natural gas, SPPC uses several types of standard industry contracts.
2
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[ "With", "respect", "to", "the", "purchase", "and", "sale", "of", "natural", "gas", ",", "NPC", "uses", "several", "types", "of", "standard", "industry", "contracts", "." ]
[ "With", "respect", "to", "the", "purchase", "and", "sale", "of", "natural", "gas", ",", "SPPC", "uses", "several", "types", "of", "standard", "industry", "contracts", "." ]
[]
[ "SPPC" ]
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90144_12_item7_p176_s0
90144_11_item7_p277_s0
Most contracts and confirmations for natural gas purchases have been modified or separate agreements have been made to either shorten the normal payment due date or require payment in advance of delivery in response to requests for financial assurances.
Most contracts and confirmations for purchased power have been modified or separate agreements have been made to either shorten the normal payment due date or require payment in advance of delivery in response to requests for financial assurance.
2
[ "<tag1>", "Most", "contracts", "and", "confirmations", "for", "natural", "gas", "purchases", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require"...
[ "Most", "contracts", "and", "confirmations", "for", "natural", "gas", "purchases", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require", "payment...
[ "Most", "contracts", "and", "confirmations", "for", "purchased", "power", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require", "payment", "in", ...
[]
[ "purchased", "power", "assurance" ]
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90144_12_item7_p287_s0
90144_11_item7_p277_s0
Most contracts and confirmations for natural gas purchases have been modified or separate agreements have been made to either shorten the normal payment due date or require payment in advance of delivery in response to requests for financial assurances.
Most contracts and confirmations for purchased power have been modified or separate agreements have been made to either shorten the normal payment due date or require payment in advance of delivery in response to requests for financial assurance.
2
[ "<tag1>", "Most", "contracts", "and", "confirmations", "for", "natural", "gas", "purchases", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require"...
[ "Most", "contracts", "and", "confirmations", "for", "natural", "gas", "purchases", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require", "payment...
[ "Most", "contracts", "and", "confirmations", "for", "purchased", "power", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require", "payment", "in", ...
[]
[ "purchased", "power", "assurance" ]
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90144_12_item7_p406_s0
90144_11_item7_p277_s0
Most contracts and confirmations for natural gas purchases have been modified or separate agreements have been made to either shorten the normal payment due date or require payment in advance of delivery in response to requests for financial assurances.
Most contracts and confirmations for purchased power have been modified or separate agreements have been made to either shorten the normal payment due date or require payment in advance of delivery in response to requests for financial assurance.
2
[ "<tag1>", "Most", "contracts", "and", "confirmations", "for", "natural", "gas", "purchases", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require"...
[ "Most", "contracts", "and", "confirmations", "for", "natural", "gas", "purchases", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require", "payment...
[ "Most", "contracts", "and", "confirmations", "for", "purchased", "power", "have", "been", "modified", "or", "separate", "agreements", "have", "been", "made", "to", "either", "shorten", "the", "normal", "payment", "due", "date", "or", "require", "payment", "in", ...
[]
[ "purchased", "power", "assurance" ]
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90144_12_item7_p182_s4
90144_11_item7_p280_s0
would be required to post under these contracts in the event of credit rating downgrades was approximately $30.7 million.
As of December 31, 2011, the maximum amount of additional collateral NPC would be required to post under these contracts in the event of credit rating downgrades was approximately $64.6 million.
2
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[ "would", "be", "required", "to", "post", "under", "these", "contracts", "in", "the", "event", "of", "credit", "rating", "downgrades", "was", "approximately", "$", "30.7", "million", "." ]
[ "As", "of", "December", "31", ",", "2011", ",", "the", "maximum", "amount", "of", "additional", "collateral", "NPC", "would", "be", "required", "to", "post", "under", "these", "contracts", "in", "the", "event", "of", "credit", "rating", "downgrades", "was", ...
[]
[ "December", "31", "2011", "maximum", "amount", "additional", "collateral", "NPC", "64.6" ]
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90144_12_item7_p292_s4
90144_11_item7_p280_s0
would be required to post under these contracts in the event of credit rating downgrades was approximately $30.7 million.
As of December 31, 2011, the maximum amount of additional collateral NPC would be required to post under these contracts in the event of credit rating downgrades was approximately $64.6 million.
2
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[ "would", "be", "required", "to", "post", "under", "these", "contracts", "in", "the", "event", "of", "credit", "rating", "downgrades", "was", "approximately", "$", "30.7", "million", "." ]
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[]
[ "December", "31", "2011", "maximum", "amount", "additional", "collateral", "NPC", "64.6" ]
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90144_12_item7_p183_s0
90144_11_item7_p281_s0
NPC enters into certain hedging contracts with various counterparties to manage the gas price risk inherent in purchased power and fuel contracts.
The Utilities enter into certain hedging contracts with various counterparties to manage the gas price risk inherent in purchased power and fuel contracts.
2
[ "<tag1>", "NPC", "enters", "into", "certain", "hedging", "contracts", "with", "various", "counterparties", "to", "manage", "the", "gas", "price", "risk", "inherent", "in", "purchased", "power", "and", "fuel", "contracts", ".", "<tag2>", "The", "Utilities", "ente...
[ "NPC", "enters", "into", "certain", "hedging", "contracts", "with", "various", "counterparties", "to", "manage", "the", "gas", "price", "risk", "inherent", "in", "purchased", "power", "and", "fuel", "contracts", "." ]
[ "The", "Utilities", "enter", "into", "certain", "hedging", "contracts", "with", "various", "counterparties", "to", "manage", "the", "gas", "price", "risk", "inherent", "in", "purchased", "power", "and", "fuel", "contracts", "." ]
[]
[ "Utilities", "enter" ]
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90144_12_item7_p411_s0
90144_11_item7_p281_s0
NPC enters into certain hedging contracts with various counterparties to manage the gas price risk inherent in purchased power and fuel contracts.
SPPC enters into certain hedging contracts with various counterparties to manage the gas price risk inherent in purchased power and fuel contracts.
2
[ "<tag1>", "NPC", "enters", "into", "certain", "hedging", "contracts", "with", "various", "counterparties", "to", "manage", "the", "gas", "price", "risk", "inherent", "in", "purchased", "power", "and", "fuel", "contracts", ".", "<tag2>", "SPPC", "enters", "into",...
[ "NPC", "enters", "into", "certain", "hedging", "contracts", "with", "various", "counterparties", "to", "manage", "the", "gas", "price", "risk", "inherent", "in", "purchased", "power", "and", "fuel", "contracts", "." ]
[ "SPPC", "enters", "into", "certain", "hedging", "contracts", "with", "various", "counterparties", "to", "manage", "the", "gas", "price", "risk", "inherent", "in", "purchased", "power", "and", "fuel", "contracts", "." ]
[]
[ "SPPC" ]
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90144_12_item7_p185_s2
90144_11_item7_p282_s1
In addition, certain financing agreements of NPC provide for an event of default if there is a failure under other financing agreements of NPC to meet payment terms or to observe other covenants that would result in an acceleration of payments due.
In addition, certain financing agreements of each of NVE and the Utilities provide for an event of default if there is a failure under other financing agreements of that entity to meet payment terms or to observe other covenants that would result in an acceleration of payments due.
2
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[ "In", "addition", ",", "certain", "financing", "agreements", "of", "NPC", "provide", "for", "an", "event", "of", "default", "if", "there", "is", "a", "failure", "under", "other", "financing", "agreements", "of", "NPC", "to", "meet", "payment", "terms", "or",...
[ "In", "addition", ",", "certain", "financing", "agreements", "of", "each", "of", "NVE", "and", "the", "Utilities", "provide", "for", "an", "event", "of", "default", "if", "there", "is", "a", "failure", "under", "other", "financing", "agreements", "of", "that...
[]
[ "NVE", "Utilities", "entity" ]
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90144_12_item7_p413_s1
90144_11_item7_p282_s1
In addition, certain financing agreements of NPC provide for an event of default if there is a failure under other financing agreements of NPC to meet payment terms or to observe other covenants that would result in an acceleration of payments due.
In addition, certain financing agreements of SPPC provide for an event of default if there is a failure under other financing agreements of SPPC to meet payment terms or to observe other covenants that would result in an acceleration of payments due.
2
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[ "In", "addition", ",", "certain", "financing", "agreements", "of", "NPC", "provide", "for", "an", "event", "of", "default", "if", "there", "is", "a", "failure", "under", "other", "financing", "agreements", "of", "NPC", "to", "meet", "payment", "terms", "or",...
[ "In", "addition", ",", "certain", "financing", "agreements", "of", "SPPC", "provide", "for", "an", "event", "of", "default", "if", "there", "is", "a", "failure", "under", "other", "financing", "agreements", "of", "SPPC", "to", "meet", "payment", "terms", "or...
[]
[ "SPPC", "SPPC" ]
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90144_12_item7_p185_s3
90144_11_item7_p282_s2
Most of these default provisions (other than ones relating to a failure to pay such other indebtedness when due) provide for a cure period of 30-60 days from the occurrence of a specified event during which time NPC may rectify or correct the situation before it becomes an event of default.
Most of these default provisions (other than ones relating to a failure to pay other indebtedness) provide for a cure period of 30-60 days from the occurrence of a specified event, during which time NVE or the Utilities may rectify or correct the situation before it becomes an event of default.
2
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[]
[ "NVE", "Utilities" ]
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90144_12_item7_p413_s2
90144_11_item7_p282_s2
Most of these default provisions (other than ones relating to a failure to pay such other indebtedness when due) provide for a cure period of 30-60 days from the occurrence of a specified event during which time NPC may rectify or correct the situation before it becomes an event of default.
Most of these default provisions (other than ones relating to a failure to pay such other indebtedness when due) provide for a cure period of 30-60 days from the occurrence of a specified event during which time SPPC may rectify or correct the situation before it becomes an event of default.
2
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[ "SPPC" ]
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90144_12_item7_p186_s3
90144_11_item7_p283_s3
Details of SPPC s operating results are further discussed below.
Details of NPC s operating results are further discussed below.
2
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[ "NPC" ]
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90144_12_item7_p187_s0
90144_11_item7_p284_s0
Gross margin is presented by SPPC in order to provide information that management believes aids the reader in determining how profitable the electric business is at the most fundamental level.
Gross margin is presented by NPC in order to provide information that management believes aids the reader in determining how profitable the electric business is at the most fundamental level.
2
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90144_12_item7_p188_s0
90144_11_item7_p285_s0
SPPC believes presenting gross margin allows the reader to assess the impact of SPPC s regulatory treatment and its overall regulatory environment on a consistent basis.
NPC believes presenting gross margin allows the reader to assess the impact of NPC s regulatory treatment and its overall regulatory environment on a consistent basis.
2
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[]
[ "NPC", "NPC" ]
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90144_12_item7_p189_s2
90144_11_item7_p287_s0
Gross margin, which SPPC calculates as operating revenues less energy costs, provides a measure of income available to support the other operating expenses of SPPC.
Gross margin, which NPC calculates as operating revenues less energy costs and EEPR costs provides a measure of income available to support the other operating expenses of NPC.
2
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[ "NPC", "EEPR", "NPC" ]
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90144_12_item7_p26_s0
90144_11_item7_p28_s0
In 2010, construction of the 500 MW (nominally rated) natural gas generating station at the existing Harry Allen Generating Station continued with an expected completion by mid 2011.
In June 2011, NPC completed construction of the 500 MW (nominally rated) natural gas generating station at the existing Harry Allen Generating Station.
2
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[ "June", "NPC", "completed" ]
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90144_12_item7_p216_s2
90144_11_item7_p291_s1
B eginning in 2010, these amounts are reported net of their related operating expense; as such, REPR amounts do not affect gross margin.
Beginning in 2010, these amounts are reported net of their related operating expense; as such, REPR amounts no longer affect operating expense.
2
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90144_12_item7_p334_s2
90144_11_item7_p291_s1
B eginning in 2010, these amounts are reported net of their related operating expense; as such, REPR amounts do not affect gross margin.
Beginning in 2010, these amounts are reported net of their related operating expense; as such, REPR amounts no longer affect operating expense.
2
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90144_12_item7_p195_s0
90144_11_item7_p293_s0
Gas gross margin decreased for the year ended December 31, 2010, compared to the same period in 2009 primarily due to decreased customer usage as a result of warmer weather.
Gross margin decreased for the year ended December 31, 2011, compared to the same period in 2010, primarily due to decreased customer usage as a result of milder weather and conservation programs.
2
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90144_12_item7_p190_s2
90144_11_item7_p301_s2
See Note 3, Regulatory Actions of the Notes to Financial Statements.
See Note 3, Regulatory Actions , of the Notes to Financial Statements for conservation program amount details.
2
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[ "conservation", "program", "amount", "details" ]
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90144_12_item7_p301_s2
90144_11_item7_p301_s2
See Note 3, Regulatory Actions of the Notes to Financial Statements.
See Note 3, Regulatory Actions , of the Notes to Financial Statements for conservation program amount details.
2
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90144_12_item7_p190_s2
90144_11_item7_p303_s3
See Note 3, Regulatory Actions of the Notes to Financial Statements.
See Note 3, Regulatory Actions , of the Notes to Financial Statements for conservation program amount details.
2
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[ "conservation", "program", "amount", "details" ]
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90144_12_item7_p301_s2
90144_11_item7_p303_s3
See Note 3, Regulatory Actions of the Notes to Financial Statements.
See Note 3, Regulatory Actions , of the Notes to Financial Statements for conservation program amount details.
2
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90144_12_item7_p202_s1
90144_11_item7_p307_s1
These costs are dependent upon many factors which may vary by season or period.
Energy costs are dependent upon several factors which may vary by season or period.
2
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[ "Energy", "several" ]
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90144_12_item7_p190_s2
90144_11_item7_p30_s1
See Note 3, Regulatory Actions, of the Notes to Financial Statements for further details.
See Note 3, Regulatory Actions , of the Notes to Financial Statements for conservation program amount details.
2
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90144_12_item7_p301_s2
90144_11_item7_p30_s1
See Note 3, Regulatory Actions, of the Notes to Financial Statements for further details.
See Note 3, Regulatory Actions , of the Notes to Financial Statements for conservation program amount details.
2
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90144_12_item7_p326_s1
90144_11_item7_p314_s1
The decrease is primarily due to decreased hedging costs.
The decrease is primarily due to decreased hedging costs along with decreased natural gas prices.
2
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90144_12_item7_p327_s1
90144_11_item7_p314_s1
The decrease is primarily due to decreased hedging costs.
The decrease is primarily due to decreased hedging costs along with decreased natural gas prices.
2
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90144_12_item7_p133_s4
90144_11_item7_p317_s1
See Note 3, Regulatory Actions , of the Notes to Financial Statements for further detail of deferred energy balances.
See Note 3, Regulatory Actions , of the Notes to Financial Statements for more details of over-collected balances.
2
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90144_12_item7_p190_s2
90144_11_item7_p317_s1
See Note 3, Regulatory Actions , of the Notes to Financial Statements for further detail of deferred energy balances.
See Note 3, Regulatory Actions , of the Notes to Financial Statements for conservation program amount details.
2
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90144_12_item7_p239_s3
90144_11_item7_p317_s1
See Note 3, Regulatory Actions , of the Notes to Financial Statements for further detail of deferred energy balances.
See Note 3, Regulatory Actions , of the Notes to Financial Statements for more details of over-collected balances.
2
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90144_12_item7_p301_s2
90144_11_item7_p317_s1
See Note 3, Regulatory Actions , of the Notes to Financial Statements for further detail of deferred energy balances.
See Note 3, Regulatory Actions , of the Notes to Financial Statements for conservation program amount details.
2
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90144_12_item7_p357_s3
90144_11_item7_p317_s1
See Note 3, Regulatory Actions , of the Notes to Financial Statements for further detail of deferred energy balances.
See Note 3, Regulatory Actions , of the Notes to Financial Statements for more details of over-collected balances.
2
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90144_12_item7_p341_s0
90144_11_item7_p327_s0
Interest expense on regulatory items increased for the year ended December 31, 2010, compared to the same period in 2009, due to higher over-collected deferred energy balances in 2010.
Interest expense on regulatory items decreased for the year ended December 31, 2011, compared to the same period in 2010, due to lower over-collected deferred energy balances in 2011.
2
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90144_12_item7_p341_s0
90144_11_item7_p328_s0
Interest expense on regulatory items increased for the year ended December 31, 2009, compared to the same period in 2008, due to higher over-collected deferred energy balances in 2009.
Interest expense on regulatory items decreased for the year ended December 31, 2011, compared to the same period in 2010, due to lower over-collected deferred energy balances in 2011.
2
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90144_12_item7_p348_s1
90144_11_item7_p334_s1
Partially offsetting the decrease was a disallowance relating to contract pricing for energy.
Partially offsetting the increase was a disallowance in 2009 relating to contract pricing for energy.
2
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[]
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90144_12_item7_p129_s0
90144_11_item7_p335_s0
SPPC s cash flows increased during 2010 compared to 2009 due to a reduction in cash used by investing activities offset by a decrease in cash from operating activities and a decrease in cash from financing activities.
NVE s cash flows increased during 2010 compared to 2009 due to an increase in cash from operating activities and a decrease in cash used by investing activities, offset by a decrease in cash from financing activities.
2
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90144_12_item7_p235_s0
90144_11_item7_p335_s0
SPPC s cash flows increased during 2010 compared to 2009 due to a reduction in cash used by investing activities offset by a decrease in cash from operating activities and a decrease in cash from financing activities.
NPC s cash flows increased during 2010 compared to 2009 due to an increase in cash from operating activities and a reduction in cash used for investing activities, partially offset by a decrease in cash from financing activities.
2
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90144_12_item7_p239_s0
90144_11_item7_p339_s0
SPPC s primary source of operating cash flows is electric revenues, including the recovery of previously deferred energy costs.
NPC s primary source of operating cash flows is electric revenues, including the recovery of previously deferred energy costs.
2
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90144_12_item7_p136_s0
90144_11_item7_p343_s0
SPPC attempts to maintain its cash and cash equivalents in highly liquid investments, such as U.S. Treasury Bills and bank deposits.
NVE and the Utilities attempt to maintain their cash and cash equivalents in highly liquid investments, such as U.S. Treasury Bills and bank deposits.
2
[ "<tag1>", "SPPC", "attempts", "to", "maintain", "its", "cash", "and", "cash", "equivalents", "in", "highly", "liquid", "investments", ",", "such", "as", "U.S.", "Treasury", "Bills", "and", "bank", "deposits", ".", "<tag2>", "NVE", "and", "the", "Utilities", ...
[ "SPPC", "attempts", "to", "maintain", "its", "cash", "and", "cash", "equivalents", "in", "highly", "liquid", "investments", ",", "such", "as", "U.S.", "Treasury", "Bills", "and", "bank", "deposits", "." ]
[ "NVE", "and", "the", "Utilities", "attempt", "to", "maintain", "their", "cash", "and", "cash", "equivalents", "in", "highly", "liquid", "investments", ",", "such", "as", "U.S.", "Treasury", "Bills", "and", "bank", "deposits", "." ]
[]
[ "NVE", "Utilities", "attempt" ]
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90144_12_item7_p244_s0
90144_11_item7_p343_s0
SPPC attempts to maintain its cash and cash equivalents in highly liquid investments, such as U.S. Treasury Bills and bank deposits.
NPC attempts to maintain its cash and cash equivalents in highly liquid investments, such as U.S. Treasury Bills and bank deposits.
2
[ "<tag1>", "SPPC", "attempts", "to", "maintain", "its", "cash", "and", "cash", "equivalents", "in", "highly", "liquid", "investments", ",", "such", "as", "U.S.", "Treasury", "Bills", "and", "bank", "deposits", ".", "<tag2>", "NPC", "attempts", "to", "maintain",...
[ "SPPC", "attempts", "to", "maintain", "its", "cash", "and", "cash", "equivalents", "in", "highly", "liquid", "investments", ",", "such", "as", "U.S.", "Treasury", "Bills", "and", "bank", "deposits", "." ]
[ "NPC", "attempts", "to", "maintain", "its", "cash", "and", "cash", "equivalents", "in", "highly", "liquid", "investments", ",", "such", "as", "U.S.", "Treasury", "Bills", "and", "bank", "deposits", "." ]
[]
[ "NPC" ]
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90144_12_item7_p244_s1
90144_11_item7_p343_s1
In addition to cash on hand, SPPC may use its revolving credit facility in order to meet its liquidity needs.
In addition to cash on hand, NPC may use its revolving credit facility in order to meet its liquidity needs.
2
[ "<tag1>", "In", "addition", "to", "cash", "on", "hand", ",", "SPPC", "may", "use", "its", "revolving", "credit", "facility", "in", "order", "to", "meet", "its", "liquidity", "needs", ".", "<tag2>", "In", "addition", "to", "cash", "on", "hand", ",", "NPC"...
[ "In", "addition", "to", "cash", "on", "hand", ",", "SPPC", "may", "use", "its", "revolving", "credit", "facility", "in", "order", "to", "meet", "its", "liquidity", "needs", "." ]
[ "In", "addition", "to", "cash", "on", "hand", ",", "NPC", "may", "use", "its", "revolving", "credit", "facility", "in", "order", "to", "meet", "its", "liquidity", "needs", "." ]
[]
[ "NPC" ]
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90144_12_item7_p136_s2
90144_11_item7_p343_s2
Alternatively, depending on the usage of the revolving credit facility, SPPC may issue debt, subject to certain restrictions as discussed in Factors Affecting Liquidity , Ability to Issue Debt, below.
Alternatively, depending on the usage of their revolving credit facilities, the Utilities may issue debt, subject to certain restrictions as discussed in Factors Affecting Liquidity , Ability to Issue Debt , below.
2
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[ "Alternatively", ",", "depending", "on", "the", "usage", "of", "the", "revolving", "credit", "facility", ",", "SPPC", "may", "issue", "debt", ",", "subject", "to", "certain", "restrictions", "as", "discussed", "in", "Factors", "Affecting", "Liquidity", ",", "A...
[ "Alternatively", ",", "depending", "on", "the", "usage", "of", "their", "revolving", "credit", "facilities", ",", "the", "Utilities", "may", "issue", "debt", ",", "subject", "to", "certain", "restrictions", "as", "discussed", "in", "Factors", "Affecting", "Liqui...
[]
[ "facilities", "Utilities" ]
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90144_12_item7_p244_s2
90144_11_item7_p343_s2
Alternatively, depending on the usage of the revolving credit facility, SPPC may issue debt, subject to certain restrictions as discussed in Factors Affecting Liquidity , Ability to Issue Debt, below.
Alternatively, depending on the usage of the revolving credit facility, NPC may issue debt, subject to certain restrictions as discussed in Factors Affecting Liquidity , Ability to Issue Debt , below.
2
[ "<tag1>", "Alternatively", ",", "depending", "on", "the", "usage", "of", "the", "revolving", "credit", "facility", ",", "SPPC", "may", "issue", "debt", ",", "subject", "to", "certain", "restrictions", "as", "discussed", "in", "Factors", "Affecting", "Liquidity",...
[ "Alternatively", ",", "depending", "on", "the", "usage", "of", "the", "revolving", "credit", "facility", ",", "SPPC", "may", "issue", "debt", ",", "subject", "to", "certain", "restrictions", "as", "discussed", "in", "Factors", "Affecting", "Liquidity", ",", "A...
[ "Alternatively", ",", "depending", "on", "the", "usage", "of", "the", "revolving", "credit", "facility", ",", "NPC", "may", "issue", "debt", ",", "subject", "to", "certain", "restrictions", "as", "discussed", "in", "Factors", "Affecting", "Liquidity", ",", "Ab...
[]
[ "NPC" ]
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90144_12_item7_p245_s2
90144_11_item7_p344_s1
As of February 23, 2011, SPPC has no borrowings on its revolving credit facility, not including letters of credit.
As of February 22, 2012, NPC has no borrowings on its revolving credit facility, not including letters of credit.
2
[ "<tag1>", "As", "of", "February", "23", ",", "2011", ",", "SPPC", "has", "no", "borrowings", "on", "its", "revolving", "credit", "facility", ",", "not", "including", "letters", "of", "credit", ".", "<tag2>", "As", "of", "February", "22", ",", "2012", ","...
[ "As", "of", "February", "23", ",", "2011", ",", "SPPC", "has", "no", "borrowings", "on", "its", "revolving", "credit", "facility", ",", "not", "including", "letters", "of", "credit", "." ]
[ "As", "of", "February", "22", ",", "2012", ",", "NPC", "has", "no", "borrowings", "on", "its", "revolving", "credit", "facility", ",", "not", "including", "letters", "of", "credit", "." ]
[]
[ "NPC" ]
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90144_12_item7_p138_s0
90144_11_item7_p345_s0
SPPC anticipates that it will be able to meet short-term operating costs, such as fuel and purchased power costs, with internally generated funds, including the recovery of deferred energy and the use of its revolving credit facility.
NVE and the Utilities anticipate that they will be able to meet short-term operating costs, such as fuel and purchased power costs, with internally generated funds, including the recovery of deferred energy, and the use of their revolving credit facilities.
2
[ "<tag1>", "SPPC", "anticipates", "that", "it", "will", "be", "able", "to", "meet", "short", "-", "term", "operating", "costs", ",", "such", "as", "fuel", "and", "purchased", "power", "costs", ",", "with", "internally", "generated", "funds", ",", "including",...
[ "SPPC", "anticipates", "that", "it", "will", "be", "able", "to", "meet", "short", "-", "term", "operating", "costs", ",", "such", "as", "fuel", "and", "purchased", "power", "costs", ",", "with", "internally", "generated", "funds", ",", "including", "the", ...
[ "NVE", "and", "the", "Utilities", "anticipate", "that", "they", "will", "be", "able", "to", "meet", "short", "-", "term", "operating", "costs", ",", "such", "as", "fuel", "and", "purchased", "power", "costs", ",", "with", "internally", "generated", "funds", ...
[]
[ "NVE", "Utilities", "anticipate", "facilities" ]
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90144_12_item7_p246_s0
90144_11_item7_p345_s0
SPPC anticipates that it will be able to meet short-term operating costs, such as fuel and purchased power costs, with internally generated funds, including the recovery of deferred energy and the use of its revolving credit facility.
NPC anticipates that it will be able to meet short-term operating costs, such as fuel and purchased power costs, with internally generated funds, including recovery of deferred energy, and the use of its revolving credit facility.
2
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[ "SPPC", "anticipates", "that", "it", "will", "be", "able", "to", "meet", "short", "-", "term", "operating", "costs", ",", "such", "as", "fuel", "and", "purchased", "power", "costs", ",", "with", "internally", "generated", "funds", ",", "including", "the", ...
[ "NPC", "anticipates", "that", "it", "will", "be", "able", "to", "meet", "short", "-", "term", "operating", "costs", ",", "such", "as", "fuel", "and", "purchased", "power", "costs", ",", "with", "internally", "generated", "funds", ",", "including", "recovery"...
[]
[ "NPC" ]
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90144_12_item7_p246_s1
90144_11_item7_p345_s1
Furthermore, in order to fund long-term capital requirements and maturing debt obligations, SPPC will use a combination of internally generated funds, its revolving credit facility, the issuance of long-term debt and/or capital contributions from NVE.
Furthermore, in order to fund long term capital requirements and maturing debt obligations, NPC will use a combination of internally generated funds, its revolving credit facility, the issuance of long-term debt and/or capital contributions from NVE.
2
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[ "Furthermore", ",", "in", "order", "to", "fund", "long", "-", "term", "capital", "requirements", "and", "maturing", "debt", "obligations", ",", "SPPC", "will", "use", "a", "combination", "of", "internally", "generated", "funds", ",", "its", "revolving", "credi...
[ "Furthermore", ",", "in", "order", "to", "fund", "long", "term", "capital", "requirements", "and", "maturing", "debt", "obligations", ",", "NPC", "will", "use", "a", "combination", "of", "internally", "generated", "funds", ",", "its", "revolving", "credit", "f...
[]
[ "NPC" ]
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90144_12_item7_p138_s2
90144_11_item7_p345_s2
However, if energy costs rise at a rapid rate and SPPC does not recover the cost of fuel and purchased power in a timely manner, if operating costs are not recovered in a timely manner or SPPC were to experience a credit rating downgrade resulting in the posting of collateral as discussed below under Gas Supplier Matte...
However, if energy costs rise at a rapid rate and the Utilities do not recover the cost of fuel, purchased power and operating costs in a timely manner or the Utilities were to experience a credit rating downgrade resulting in the posting of collateral as discussed below under Gas Supplier Matters and Financial Gas Hed...
2
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[ "However", ",", "if", "energy", "costs", "rise", "at", "a", "rapid", "rate", "and", "SPPC", "does", "not", "recover", "the", "cost", "of", "fuel", "and", "purchased", "power", "in", "a", "timely", "manner", ",", "if", "operating", "costs", "are", "not", ...
[ "However", ",", "if", "energy", "costs", "rise", "at", "a", "rapid", "rate", "and", "the", "Utilities", "do", "not", "recover", "the", "cost", "of", "fuel", ",", "purchased", "power", "and", "operating", "costs", "in", "a", "timely", "manner", "or", "the...
[]
[ "Utilities", "Utilities", "Utilities" ]
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90144_12_item7_p246_s2
90144_11_item7_p345_s2
However, if energy costs rise at a rapid rate and SPPC does not recover the cost of fuel and purchased power in a timely manner, if operating costs are not recovered in a timely manner or SPPC were to experience a credit rating downgrade resulting in the posting of collateral as discussed below under Gas Supplier Matte...
However, if energy costs rise at a rapid rate and NPC does not recover the cost of fuel and purchased power in a timely manner, if operating costs are not recovered in a timely manner or NPC were to experience a credit rating downgrade resulting in the posting of collateral as discussed below under Gas Supplier Matters...
2
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[ "However", ",", "if", "energy", "costs", "rise", "at", "a", "rapid", "rate", "and", "SPPC", "does", "not", "recover", "the", "cost", "of", "fuel", "and", "purchased", "power", "in", "a", "timely", "manner", ",", "if", "operating", "costs", "are", "not", ...
[ "However", ",", "if", "energy", "costs", "rise", "at", "a", "rapid", "rate", "and", "NPC", "does", "not", "recover", "the", "cost", "of", "fuel", "and", "purchased", "power", "in", "a", "timely", "manner", ",", "if", "operating", "costs", "are", "not", ...
[]
[ "NPC", "NPC", "NPC" ]
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90144_12_item7_p246_s3
90144_11_item7_p345_s3
In order to maintain sufficient liquidity, SPPC may be required to further delay capital expenditures, refinance debt or obtain funding through an equity issuance by NVE.
In order to maintain sufficient liquidity, NPC may be required to further delay capital expenditures, refinance debt or obtain funding through an equity issuance by NVE.
2
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[ "In", "order", "to", "maintain", "sufficient", "liquidity", ",", "SPPC", "may", "be", "required", "to", "further", "delay", "capital", "expenditures", ",", "refinance", "debt", "or", "obtain", "funding", "through", "an", "equity", "issuance", "by", "NVE", "." ...
[ "In", "order", "to", "maintain", "sufficient", "liquidity", ",", "NPC", "may", "be", "required", "to", "further", "delay", "capital", "expenditures", ",", "refinance", "debt", "or", "obtain", "funding", "through", "an", "equity", "issuance", "by", "NVE", "." ]
[]
[ "NPC" ]
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90144_12_item7_p139_s0
90144_11_item7_p347_s0
In 2010, SPPC s credit ratings on its senior secured debt remained at investment grade (see Credit Ratings below).
In 2011, the Utilities credit ratings on their senior secured debt remained at investment grade (see Credit Ratings below).
2
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[ "In", "2010", ",", "SPPC", "s", "credit", "ratings", "on", "its", "senior", "secured", "debt", "remained", "at", "investment", "grade", "(", "see", "Credit", "Ratings", "below", ")", "." ]
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[]
[ "Utilities" ]
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90144_12_item7_p248_s0
90144_11_item7_p347_s0
In 2010, SPPC s credit ratings on its senior secured debt remained at investment grade (see Credit Ratings below).
In 2011, NPC s credit ratings on its senior secured debt remained at investment grade (see Credit Ratings below).
2
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[ "In", "2010", ",", "SPPC", "s", "credit", "ratings", "on", "its", "senior", "secured", "debt", "remained", "at", "investment", "grade", "(", "see", "Credit", "Ratings", "below", ")", "." ]
[ "In", "2011", ",", "NPC", "s", "credit", "ratings", "on", "its", "senior", "secured", "debt", "remained", "at", "investment", "grade", "(", "see", "Credit", "Ratings", "below", ")", "." ]
[]
[ "NPC" ]
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90144_12_item7_p139_s2
90144_11_item7_p348_s0
disruptions in the banking and capital markets not specifically related to SPPC may affect its ability to access funding sources or cause an increase in the interest rates paid on newly issued debt.
However, disruptions in the banking and capital markets not specifically related to NVE or the Utilities may affect their ability to access funding sources or cause an increase in the interest rates paid on newly issued debt.
2
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[ "However", ",", "disruptions", "in", "the", "banking", "and", "capital", "markets", "not", "specifically", "related", "to", "NVE", "or", "the", "Utilities", "may", "affect", "their", "ability", "to", "access", "funding", "sources", "or", "cause", "an", "increa...
[]
[ "However", "NVE", "Utilities" ]
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90144_12_item7_p248_s2
90144_11_item7_p348_s0
disruptions in the banking and capital markets not specifically related to SPPC may affect its ability to access funding sources or cause an increase in the interest rates paid on newly issued debt.
However, disruptions in the banking and capital markets not specifically related to NPC may affect its ability to access funding sources or cause an increase in the interest rates paid on newly issued debt.
2
[ "<tag1>", "disruptions", "in", "the", "banking", "and", "capital", "markets", "not", "specifically", "related", "to", "SPPC", "may", "affect", "its", "ability", "to", "access", "funding", "sources", "or", "cause", "an", "increase", "in", "the", "interest", "ra...
[ "disruptions", "in", "the", "banking", "and", "capital", "markets", "not", "specifically", "related", "to", "SPPC", "may", "affect", "its", "ability", "to", "access", "funding", "sources", "or", "cause", "an", "increase", "in", "the", "interest", "rates", "pai...
[ "However", ",", "disruptions", "in", "the", "banking", "and", "capital", "markets", "not", "specifically", "related", "to", "NPC", "may", "affect", "its", "ability", "to", "access", "funding", "sources", "or", "cause", "an", "increase", "in", "the", "interest"...
[]
[ "However", "NPC" ]
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90144_12_item7_p141_s0
90144_11_item7_p350_s0
SPPC designs operating and capital budgets to control operating costs and capital expenditures.
NVE designs operating and capital budgets to control operating costs and capital expenditures.
2
[ "<tag1>", "SPPC", "designs", "operating", "and", "capital", "budgets", "to", "control", "operating", "costs", "and", "capital", "expenditures", ".", "<tag2>", "NVE", "designs", "operating", "and", "capital", "budgets", "to", "control", "operating", "costs", "and",...
[ "SPPC", "designs", "operating", "and", "capital", "budgets", "to", "control", "operating", "costs", "and", "capital", "expenditures", "." ]
[ "NVE", "designs", "operating", "and", "capital", "budgets", "to", "control", "operating", "costs", "and", "capital", "expenditures", "." ]
[]
[ "NVE" ]
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90144_12_item7_p250_s0
90144_11_item7_p350_s0
SPPC designs operating and capital budgets to control operating costs and capital expenditures.
NPC designs operating and capital budgets to control operating costs and capital expenditures.
2
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[ "SPPC", "designs", "operating", "and", "capital", "budgets", "to", "control", "operating", "costs", "and", "capital", "expenditures", "." ]
[ "NPC", "designs", "operating", "and", "capital", "budgets", "to", "control", "operating", "costs", "and", "capital", "expenditures", "." ]
[]
[ "NPC" ]
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90144_12_item7_p141_s1
90144_11_item7_p350_s1
In addition to operating expenses, SPPC has continuing commitments for capital expenditures for construction, improvement and maintenance of facilities.
In addition to operating expenses, NVE has continuing commitments for capital expenditures for construction, improvement and maintenance of facilities.
2
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[ "In", "addition", "to", "operating", "expenses", ",", "SPPC", "has", "continuing", "commitments", "for", "capital", "expenditures", "for", "construction", ",", "improvement", "and", "maintenance", "of", "facilities", "." ]
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[]
[ "NVE" ]
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90144_12_item7_p250_s1
90144_11_item7_p350_s1
In addition to operating expenses, SPPC has continuing commitments for capital expenditures for construction, improvement and maintenance of facilities.
In addition to operating expenses, NPC has continuing commitments for capital expenditures for construction, improvement and maintenance of facilities.
2
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[]
[ "NPC" ]
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90144_12_item7_p251_s0
90144_11_item7_p351_s0
Detailed below are SPPC s Capital Structure, Capital Requirements, recently completed Financing Transactions and Factors Affecting Liquidity, including our ability to obtain debt on favorable terms.
Detailed below are NPC s Capital Structure, Capital Requirements, recently completed Financing Transactions and Factors Affecting Liquidity, including our ability to obtain debt on favorable terms.
2
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[ "Detailed", "below", "are", "SPPC", "s", "Capital", "Structure", ",", "Capital", "Requirements", ",", "recently", "completed", "Financing", "Transactions", "and", "Factors", "Affecting", "Liquidity", ",", "including", "our", "ability", "to", "obtain", "debt", "on"...
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[]
[ "NPC" ]
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90144_12_item7_p143_s0
90144_11_item7_p352_s0
SPPC s actual consolidated capital structure was as follows at December 31 (dollars in thousands):
NVE s actual capital structure on a consolidated basis was as follows at December 31 (dollars in thousands):
2
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[ "SPPC", "s", "actual", "consolidated", "capital", "structure", "was", "as", "follows", "at", "December", "31", "(", "dollars", "in", "thousands", "):" ]
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[]
[ "NVE", "basis" ]
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90144_12_item7_p252_s0
90144_11_item7_p352_s0
SPPC s actual consolidated capital structure was as follows at December 31 (dollars in thousands):
NPC s actual consolidated capital structure was as follows at December 31 (dollars in thousands):
2
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[ "NPC", "s", "actual", "consolidated", "capital", "structure", "was", "as", "follows", "at", "December", "31", "(", "dollars", "in", "thousands", "):" ]
[]
[ "NPC" ]
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