Learn about Las Vegas Valley Water District Investor Relations including our News & Press Releases, Projects, and Team.
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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 6/30/2025
- 7,297
- Bond Ratings
- Aa1/AA+
- Bonds Outstanding as of 11/20/2025
- $3.0 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
Las Vegas, Nev. — March 4, 2026 — The Las Vegas Valley Water District (LVVWD) announced the successful issuance and delivery of its Series 2026A and Series 2026B Refunding Bonds, generating significant long‑term savings for regional water customers. The bonds were sold competitively on February 11, 2026, with JP Morgan Securities LLC submitting the winning bid for both series. The transactions officially closed on March 4, 2026.
Series 2026A Refunding Bonds
The Series 2026A bonds, additionally secured by Southern Nevada Water Authority (SNWA) pledged revenues, were issued in the par amount of $335,060,000. The district achieved a true interest cost of 3.58%, resulting in $51.5 million in net present value (NPV) savings, or 13.60% of the refunded principal. The bonds were structured as serial bonds, each carrying a 5.00% coupon, with a final maturity date of June 1, 2046.
Series 2026B Refunding Bonds
The Series 2026B bonds were secured by pledged revenues and issued in the par amount of $59,020,000. With a true interest cost of 2.45%, the district realized an additional $9.1 million in NPV savings, representing 13.58% of the refunded principal. Like Series 2026A, these bonds were issued entirely as serial bonds with 5.00% coupons, maturing on June 1, 2036.
Financial Leadership and Customer Benefit
Together, the two refundings generated more than $60 million in total present‑value savings, strengthening the financial position of both the LVVWD and SNWA. These savings reduce long‑term borrowing costs and support continued investments in essential water infrastructure.
The district’s leadership emphasized that the results reflect a commitment to strong financial stewardship and long‑range planning that benefits all residents and businesses throughout Southern Nevada.
On June 24, 2025, the Las Vegas Valley Water District issued its Water Improvement Bonds, Series 2025A in the amount of $394,430,000 in denominations of $5,000. These general obligation (limited tax) bonds are additionally secured by pledged revenues of the Southern Nevada Water Authority (SNWA). Proceeds will be used to finance the acquisition and/or construction of water infrastructure improvement projects of the SNWA and to pay the costs of issuing the 2025A bonds. This was a negotiated deal. The senior manager was BofA Securities. The comanagers were Academy Securities; Morgan Stanley; Ramirez & Co., Inc.; and Wells Fargo Securities. The series 2025A bonds are comprised of serial and term bonds maturing annually on June 1 between 2029 and 2055. Interest will be paid semiannually on June 1 and December 1. The coupon rate is 5.00% for all maturities of the serial bonds and 5.25% for the term bonds. We thank the investors and other participants that made this deal possible.
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
Projects
Team
John Entsminger
Paul Johnson
Tabitha Simmons
Richard Snelding
Talk to us
Have questions? Reach out to us directly.