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

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.