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Sierra Pacific Purchases Debt.

Europe Intelligence Wire

| November 30, 2006 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From AFX Europe (Focus))

LAS VEGAS (AFX) - Electric utility holding company Sierra Pacific Resources said Thursday that the response to its offer to purchase some of its outstanding debt has exceeded the $110 million cap the company set for the purchase.

As a result, the company said it would terminate its offer to buy its senior notes due 2017 with a 6.75 percent interest rate and focus on purchasing its 7.8 percent senior notes due 2012 and 8.625 percent notes due 2014.

Sierra …

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