Sierra Pacific Resources, the owner of Nevada's two largest electric utilities, said its first-quarter loss widened to $303.9million and it may be forced to file for bankruptcy protection.
The per-share loss was $2.98, compared with a loss of $83.5million, or $1.06, a year earlier, the company said. The loss included a write-off of $310.7million from deferred energy costs at Sierra Pacific's Nevada Power utility.
