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 finances and safety
Dawson Public Power District’s board held their regular meeting on March 12. During the financial report, Carmen Ackerman, Manager of Finance and Administration, reviewed the 2023 margins. She suggested the district keep the money in an unrestricted account,...
Robert Mann: A lifetime committed to craftsmanship
Meet Robert Mann: woodworker, aviator and mentor of craftsmanship.
Safeguard your home: Transfer switch rebates up to $500 available
Dawson PPD offers a rebate to customers who have a transfer switch (also called a double-throw switch) installed so they can safely connect their generator for use during a power outage.