Overton Power District #5

What Overton Power District #5 does

Overton Power District No. 5 (OPD5) is a regulated, not-for-profit public power district established in 1935 that distributes electricity to approximately 14,800 residential, commercial, and industrial customers across the Moapa Valley and Virgin Valley regions of Nevada, including the city of Mesquite. The utility operates an exclusive service territory served through a network of transmission and distribution assets, including a 138 kilovolt Mormon Mesa transmission line providing redundancy between the Tortoise and Gila substations, automated smart meters using power line carrier and RF communications, and substations supporting roughly 125 MW of peak system demand.

OPD5's resource mix blends heritage hydropower allocations from Hoover Dam (approximately 6.5%) and Glen Canyon Dam (approximately 3%), together representing roughly 23% of its portfolio, with market-based procurement under a medium-term supply contract with Morgan Stanley Capital Group running through the end of 2024. Hydropower averages approximately $34/MWh versus roughly $88/MWh for market resources, and the district's 'growth must pay for growth' policy prevents legacy low-cost allocations from being diluted by new large-load customers. Revenue is generated through usage-based retail electricity rates set by an elected Board of Trustees, with the top 10 commercial and industrial customers accounting for approximately 21.3% of operating revenues and the remaining base spread across residential accounts.

The utility is governed by an elected Board of Trustees and financed through customer rates and secured debt of approximately $48.5 million held by the National Rural Utilities Cooperative Finance Corp, carrying an A- Fitch rating. Service is delivered through two physical offices (Overton headquarters and Mesquite branch), an online bill-pay portal, an after-hours emergency line, and community programs including a $20,000 annual scholarship fund and a Round Up for Education bill-donation program. The district is a member of the National Rural Electric Cooperative Association and the Nevada Rural Electric Association, participates in FEMA disaster recovery partnerships, and has recently expanded into EV charging stations and drone-based line inspections.

Name

Overton Power District #5

Legal name

Overton Power District No. 5

Website

https://opd5.com

Company type

Private

Founded year

1935

Operating status

Operating

Headcount range

11–50 employees

Short description

Overton Power District No. 5 is a regulated, not-for-profit public power district that distributes electricity to approximately 14,800 residential, commercial, and industrial customers across Nevada's Moapa Valley and Virgin Valley.

Ownership category

akta.pro rank

Product category

Electric Utility Distribution

NAICS

Electric Power Distribution (221122), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Public Power Districts & State/Provincial Utilities (EUADABAD)

Keywords

• Electric utility services
• Power distribution
• Smart meter services
• Rural electricity supply
• Customer billing services

Headquarters

HQ city

Overton

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Others

Revenue model

1. Retail Electricity Distribution: OPD5 generates revenue through retail electricity distribution to approximately 14,800 residential and commercial customers in its exclusive service territory. Revenue is derived from kilowatt-hour sales with rates regulated by the district's board of trustees. The utility's rate base is moderately concentrated with top 10 customers accounting for approximately 21.3% of operating revenues.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Overton Power District #5 distributes electricity through a network of transmission lines and substations to approximately 14,800 residential, commercial, and industrial customers in northeastern Clark County, Nevada. The cooperative offers smart metering, online billing, levelized budget billing, outdoor lighting, after-hours emergency response, and customer service programs. It is a not-for-profit public power district governed by a locally elected board of trustees.

Product overview

Overton Power District No. 5 (OPD5) is a rural electric utility providing power distribution services to approximately 14,800 customers across Moapa Valley and Virgin Valley, Nevada. The core offering is electric distribution infrastructure delivering reliable power, supplemented by smart metering technology using power line carrier and RF communications. OPD5 offers customer-facing services including Direct Pay (ACH automatic payments), Levelized Billing (averaged monthly payments), and a Customer Service Portal with mobile app access. The utility also provides educational programs on solar, energy conservation, and electrical safety, along with community initiatives including scholarship programs and the Round Up for Education bill-rounding program. Power supply includes allocations from Hoover Dam and Glen Canyon Dam (hydropower), with market-rate contracts for additional power needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Distribution Core retail electric service delivering power through 138 kV transmission lines and distribution substations to residential, commercial, and industrial customers within the district's service territory.
• Smart Meter Services Automated metering infrastructure service that captures consumption data remotely and supports detailed usage information, billing accuracy, and outage management for customers.
• Customer Service Portal Online account management platform where customers can view and pay bills, monitor usage, manage levelized billing enrollment, and report service issues.
• Levelized Billing Budget billing program that averages a customer's prior 12 months of usage to produce a consistent monthly payment, helping residential customers avoid seasonal bill spikes.
• Outdoor Lighting Service Rental service for installed street, area, and security lighting billed at a flat monthly rate, available to residential and commercial customers on existing distribution infrastructure.
• After-Hours Emergency Service Round-the-clock emergency response and outage reporting line staffed to dispatch field crews for downed power lines, outages, and safety hazards across the service territory.

Quantifiable outcome

• Debt service coverage ratio of 1.85x projected for 2016
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• U.S. Bureau of ReclamationcoreStrategic or Co-development Partner · 1 January 2026Released $52 million in funding for Hoover Dam in accordance with the Help Hoover Dam Act, for operations, maintenance and improvement projects including low head turbines for generation at lower lake levels.
• Morgan Stanley Capital Group, Inc.coreStrategic or Co-development Partner · 1 June 2016Power supply contract secured with Morgan Stanley Capital Group, Inc. running from June 2016 through end of 2024. The medium-term contract extends beyond the district's normal five-year agreements and provides a lower cost of power compared with the previous arrangement.
• Nevada Rural Electric Association (NREA)coreStrategic or Co-development PartnerOPD5 participates in NREA advocacy efforts and annual Best Practices Workshop, collaborating with other rural electric utilities in Nevada on policy issues, training, and knowledge sharing.
• National Rural Electric Cooperative Association (NRECA)coreStrategic or Co-development PartnerNRECA provides director education programs including Credentialed Cooperative Director, Board Leadership Certificate, and Director Gold credentials. OPD5 board members participate in ongoing training and certification.
• Federal Emergency Management Agency (FEMA)coreStrategic or Co-development PartnerFEMA Public Assistance program helps OPD5 rebuild critical infrastructure after disasters. Supporting FEMA Act of 2025 to modernize programs and improve disaster recovery for rural utilities.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Lincoln County Power District: A neighboring Nevada public power district of similar scale providing electric distribution in Lincoln County. Shares the same public power district governance structure, NREA membership, and rural Nevada service profile as OPD5.
• Valley Electric Association: A rural electric cooperative serving southern Nevada including Pahrump and parts of the Las Vegas valley. Operates under a similar NRECA framework as OPD5 with comparable customer mix and rural service territory, providing direct comparison for operational and financial benchmarking.
• Wells Rural Electric Company: A rural electric cooperative in northeastern Nevada serving a small customer base similar in size to OPD5. Provides comparison on rural utility cost structures, customer programs, and rate-setting approaches for low-density Nevada territories.
• Surprise Valley Electrification Corporation: A small rural electric cooperative serving remote northeastern California and southern Oregon, comparable in scale and customer base to OPD5. Useful as a peer for benchmarking rural utility operations, AMI deployment, and customer programs in similarly isolated service territories.

Broad incumbents

• NV Energy: The incumbent investor-owned utility serving most of Nevada including Las Vegas proper, adjacent to OPD5's service territory. Provides comparison on scale, capital structure, and large-load (data center) handling — relevant as OPD5 evaluates similar customer opportunities.
• Sierra Pacific Power Company: Part of Berkshire Hathaway Energy's NV Energy subsidiary serving northern Nevada. Comparable incumbent utility against which OPD5's rates, reliability, and customer service can be benchmarked, though operating in a different geographic market.
• Colorado River Commission of Nevada: A Nevada state agency that administers Colorado River water and power allocations, including Hoover Dam and Glen Canyon Dam contracts relevant to OPD5's heritage hydropower resources. Acts as a counterparty/administrator in OPD5's power supply rather than a direct competitor.

Others

• National Rural Electric Cooperative Association (NRECA): The national trade association that provides governance training, advocacy, and shared services to rural electric utilities including OPD5. Not a competitor but a key enabler of OPD5's board certification programs and industry best practices.
• Firmatek: A drone-based aerial inspection services provider contracted by OPD5 for power line inspection. A technology vendor rather than peer, but representative of the emerging utility-tech vendor ecosystem enabling proactive outage management.
• National Rural Utilities Cooperative Finance Corporation (CFC): A nonprofit finance cooperative that holds approximately $48.5M of OPD5's secured debt and provides the $5M line of credit. A critical capital partner that influences OPD5's borrowing costs and financial flexibility as the primary debt holder.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/OPD5
• LinkedInlinkedin.com/company/overton-power-district-5

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Overton Power District #5