Kevin Bethel, Chief Financial Officer
Las Vegas Valley Water District Investor Relations
Las Vegas Valley Water District Investor Relations
About
Learn about Las Vegas Valley Water District Investor Relations including our News & Press Releases, Projects, and Team.
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Have questions? Reach out to us directly.
Learn about Las Vegas Valley Water District Investor Relations including our News & Press Releases, Projects, and Team.
About Las Vegas Valley Water District Investor Relations
- Miles of Pipeline as of 6/30/2023
- 7,133
- Bond Ratings
- Aa1/AA+
- Bonds Outstanding as of 9/30/2024
- $2.8 billion
The Las Vegas Valley Water District (LVVWD) is a not-for-profit government water supply agency that has been providing water to the Las Vegas Valley since 1954. The Water District helped build Southern Nevada’s water delivery system and now provides water to 1.4 million people.
The Water District service area includes the City of Las Vegas; unincorporated areas of Clark County, where the resort corridor of the famous Las Vegas Strip is located; and the rural communities of Kyle Canyon, Blue Diamond, Searchlight, and Jean. The Water District also manages the Big Bend Water District in Laughlin, Nevada.
The Water District delivers water to more than 375,000 homes and businesses via extensive water infrastructure that spans more than 300 square miles including:
- 6,500 miles of transmission and distribution pipeline and more than 120,000 valves
- 53 pumping stations capable of moving one million gallons of water per minute
- Groundwater wells that have the capacity to produce 200 million gallons of water per day
- 79 reservoir basins and tanks that can hold approximately one billion gallons of water
- Facilities that can treat 900 million gallons of water each day
- A solar array system capable of generating 5.3 million kilowatt hours of clean energy
The Water District also is responsible for the day-to-day management of the Southern Nevada Water Authority (SNWA).
Additionally, the Water District owns and operates the Las Vegas Springs Preserve, where underground springs bubbled to the surface to provide the city’s original source of water. The Springs Preserve is now a cultural resource center focused on natural resource conservation and sustainable living in a desert environment. The 180-acre facility features museums, galleries, special events, trails, and diverse botanical gardens.
The Water District is governed by a seven-member Board of Directors; the board members are the publicly elected Clark County Commissioners and serve four-year terms. The board has the sole power to set rates and charges for the Water District's services. Water rates are regulated by law and can cover only the costs of water delivery and the maintenance and building of facilities. Water use is billed at different rates depending on the amount of water used. The tiered rate structure increases rates for higher water use to encourage conservation and responsible water use.
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News
News
October 2, 2024
Las Vegas Valley Water District and Southern Nevada Water Authority have selected a pool of five underwriters for its next new money bond issuance.
Firms Selcted:
- B of A Securities - Lead Sr. Manager
- Wells Fargo Corporate and Investment Banking
- Morgan Stanley & Co. LLC
- Academy Securities, Inc.
- Samuel A. Ramirez & Co., Inc.
Maximum par not to exceed $415,000,000*. This negotiated bond sale is projected to close in May to August 2025. Bond proceeds will be used to fund projects in the Southern Nevada Water Authority's Major Construction and Capital Plan. These bonds will be a general obligation of the Las Vegas Valley Water Disctrict and additionally secured by Southern Nevada Water Authority pledged revenues.
*Subject to change
News
Date TBD
New York, March 15, 2017 -- Summary Rating Rationale
Moody's Investors Service has affirmed the P-1 ratings of Las Vegas Valley Water District, NV General Obligation (Limited Tax) Water Commercial Paper Notes (SNWA Revenue Supported), Series 2004A and Series 2004B (collectively, the Notes). The ratings are being affirmed in conjunction with the upcoming replacements of the existing credit agreements with the substitute (i) standby letter of credit provided by Sumitomo Mitsui Banking Corporation for Series 2004A and (ii) credit agreement provided by U.S. Bank, N.A. for Series 2004B (collectively, the Liquidity Facilities). Upon the effective date of the substitute Liquidity Facilities, scheduled for April 4, 2017, the P-1 ratings will be derived from the credit quality of each Liquidity Facility provider and Moody's assessment of the likelihood of an early termination of the applicable liquidity facility without payment of the Notes. Events that would cause termination of the Liquidity Facilities without payment of the Notes are directly related to the credit quality of the general obligation pledge of the Las Vegas Valley Water District (the District). The District's long-term rating is Aa1. The Notes are also supported by a lien on the pledged revenues of the Southern Nevada Water Authority (SNWA). SNWA is not rated by Moody's. Moody's current short-term counterparty risk assessment of Sumitomo Mitsui Banking Corporation and U.S. Bank, N.A. (collectively, the Banks) is P-1(cr).
News
Date TBD
New York, February 25, 2016 -- Issue: General Obligation (Limited Tax)(Additionally Secured by SNWA Pledged Revenues) Water Improvement and Refunding Bonds Series 2016A; Rating: Aa1; Sale Amount: $489,305,000; Expected Sale Date: 03-10-2016; Rating Description: General Obligation and Revenue
Projects
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Team
John Entsminger
General Manager
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Kevin Bethel
Chief Financial Officer
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Tabitha Simmons
Director of Legal Services
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Richard Snelding
Assistant Treasurer
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Talk to us
Have questions? Reach out to us directly.