EXCHANGE AGENT AGREEMENTExchange Agent Agreement • April 17th, 2003 • Nevada Power Co • Electric services • New York
Nevada Power Company, a corporation organized and existing under the laws of the State of Nevada (the “Company”), proposes to make an offer (the “Exchange Offer”) to exchange all of its outstanding 10–7/8% General and Refunding Mortgage Notes, Series E, due 2009 (not registered under the Securities Act of 1933, as amended (the “Securities Act”)) (the “Old Notes”) for its 10–7/8% General and Refunding Mortgage Notes, Series E, due 2009 (registered under the Securities Act) (the “New Notes”). The terms and conditions of the Exchange Offer as currently contemplated are set forth in a prospectus, dated April 17, 2003 (the “Prospectus”), proposed to be distributed to all record holders of the Old Notes. The Old Notes and the New Notes are collectively referred to herein as the “Securities”.
