EXCHANGE AGENT AGREEMENTExchange Agent Agreement • September 6th, 2006 • 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 offers (each, an “Exchange Offer” and, collectively, the “Exchange Offers”) to exchange all of its outstanding (a) 5.95% General and Refunding Mortgage Notes, Series M, due 2016 (the “Series M Old Notes”), (b) 6.650% General and Refunding Mortgage Notes, Series N, due 2036 (the “Series N Old Notes”), and (c) 6.50% General and Refunding Mortgage Notes, Series O, due 2018 (the “Series O Old Notes” and together with the Series M Old Notes and the Series N Old Notes, the “Old Notes”) (not registered under the Securities Act of 1933, as amended (the “Securities Act”)) for the corresponding series of its (x) 5.95% General and Refunding Mortgage Notes, Series M, due 2016 (the “Series M New Notes”), (y) 6.650% General and Refunding Mortgage Notes, Series N, due 2036 (the “Series N New Notes”), and (z) 6.50% General and Refunding Mortgage Notes, Series O, due 2018 (
