NV Energy, Inc. (NYSE:NVE) announced consolidated net income of $227 million, or 97 cents per share basic and 96 cents per share diluted, for the year ended December 31, 2010, compared with consolidated net income of $182.9 million, or 78 cents per share basic and diluted, for the same period in 2009. Earnings for the year were positively influenced by the general rate increase at our Southern Nevada Utility, effective July 1, 2009, and continued focus on controlling spending. "We are pleased with our 2010 earnings especially in light of the slower growth in Nevada," said Michael Yackira, President and Chief Executive Officer of NV Energy, Inc. "We continue to focus on controllable costs and operational efficiencies in the implementation of our three-part energy strategy."
NV Energy, Inc., through its subsidiaries, engages in the generation, transmission, and distribution of electric energy in southern Nevada. It operates in three segments: NPC Electric, SPPC Electric, and SPPC Natural Gas.
The 17 elements which are classified as "rare earth" are becoming an ever more crucial aspect of our everyday lives. Rare earth metals are the life blood of modern computers, batteries and alternative energies. For instance, there are almost ten lbs of the rare earth element, lanthanum, in each and every Toyota Prius motor.
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