Frank,
We have a denial from the parent company. Someone let the cat out of the bag too soon for someone's taste.
sierrapacific.com
<Start quoted material>
Sierra Pacific Resources
January 24, 2000
Sierra Pacific Resources
Contact: Rich Atkinson, Investor Relations / Karl Walquist, Media Relations
phone: 775-834-4358 / 775-834-3891
For Immediate Release
SIERRA PACIFIC RESPONDS TO INACCURATE NEWS ARTICLE
RENO, NEV., Sierra Pacific Resources (NYSE: SRP) today labeled
as inaccurate a January 24 story in InfoWorld.com that referred to its
subsidiary, Sierra Pacific Power Company, as part of a "tightly knit
consortium" that will offer "voice, data and television services."
"While Sierra is always looking for opportunities to expand its
business and enhance shareholder value, the information presented in
this article is false and misleading," said Karl Walquist, public information
officer for Sierra Pacific.
Sierra Pacific has indicated it is interested in exploring
opportunities in the telecommunications area and has made some
investments in fiber technology. The company recently received a
license from the Public Utilities Commission of Nevada to offer
telecommunications services in Nevada. However, it has not entered into
any such consortium as described in the story.
Walquist noted, "If and when the company enters into any
definitive agreements regarding new products or service offerings, the
company will publicly announce that fact."
Sierra Pacific Resources is a utility holding company
headquartered in Reno, Nev., whose principal subsidiaries are Sierra
Pacific Power Company and Nevada Power Company. Sierra Pacific
serves about 1 million electric, natural gas and water customers in
Nevada and northern California.
This press release is being sent as a bulk e-mail. If you wish to
unsubscribe, please reply "unsubscribe" in your reply.
<End Quoted Material>
Looks like Infoworld dug up more info-mation than upper management was comfortable with disseminating. It'll be fun to see how this one plays out.
Best, Ray |
