EXCHANGE AGENT AGREEMENTExchange Agent Agreement • August 15th, 2005 • 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 5 7/8% General and Refunding Mortgage Notes, Series L, due 2015 (not registered under the Securities Act of 1933, as amended (the “Securities Act”)) (the “Old Notes”) for its 5 7/8% General and Refunding Mortgage Notes, Series L, due 2015 (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 August 15, 2005 (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”.
