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Nevada Water Company Files For Bankruptcy Amid Worsening Drought

Nevada Water Company Files For Bankruptcy Amid Worsening Drought
The water level at Lake Mead has dropped by about 170 feet since a regional drought began in 2000. Here, a structure lies exposed beyond the lake's Hemenway Harbor Launch Ramp in Boulder City, Nev., on Sept. 22, 2022. Allan Stein/The Epoch Times
Allan Stein
Allan Stein
9/28/2022|Updated: 9/28/2022
0:00

LAS VEGAS—One of Southern Nevada’s longest-running private water companies has gone under financially amid the region’s worsening drought.

The Basic Water Company filed for Chapter 11 bankruptcy in early September with roughly $50 million in reported assets and more than $7 million in bond debt.

Allan Stein
Allan Stein
Author
Allan Stein is a national reporter for The Epoch Times based in Arizona.
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Related Topics
Nevada
Lake Mead
Colorado river
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