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
SmartHub saves: Wendell and Joanne Stevens, Kearney
This series focuses on Dawson PPD customers who use SmartHub to manage their electrical use. SmartHub is a free web and mobile app available to all Dawson PPD customers. To sign up, call Dawson PPD at 308-324-2386 or click here. What do you use SmartHub for?...
Businesses eligible for EnergyWise rebates
The Lexington Walmart's 10 week remodeling efforts rewarded them with a $29,730 rebate through the EnergyWise program. More than 3,000 light bulbs and fixtures in the building and parking lot were replaced with energy efficient LEDs. About $320,000 went into...
Harvest safety tips for farmworkers
Maintain a 15-foot clearance around all utility equipment in all directions. Use a spotter and deployed flags to maintain safe distances from power lines and other equipment when doing field work. If your equipment makes contact with an energized or downed power line,...