Dawson PPD uses bonds to finance big construction projects. These bonds were issued at favorable rates. They will be paid back over several years, by the ratepayers who benefit from the construction projects. These projects have improved the reliability, capacity and efficiency of Dawson PPD’s electric grid.
Dawson PPD is current on its loans and bond payments. The district has an “A” bond rating, which provides access to good interest rates. Equity as a percent of assets is at 68.37 percent; another good indicator of financial well-being.
In the proposed merger, Dawson PPD and the Central Nebraska Public Power and Irrigation District have different business models. Dawson PPD borrows money for improvements. Central saves money before starting improvements. Platte River Public Power and Irrigation District will keep the financials of the businesses separate – meaning that each division of the business is individually accountable.
OTHER NEWS
Dawson PPD’s board considers contract, load growth
Dawson Public Power District’s regular board meeting was held on July 3, 2024. Darin Bloomquist, General Manager of the Nebraska Electric Generation & Transmission Cooperative, gave an update on the organization’s work....
A day in the life of a consumer accounting representative
Have you ever wondered what happens behind the scenes when you call or visit Dawson PPD headquarters? Consumer Accounting Representatives (CARs) wear many hats, juggling multiple tasks throughout the day to keep things running smoothly.
2023 Dawson PPD annual report
In 2023, the District recognized adequate margin to cover expenses and fund planned investments in the power system that reliably serves our customers.