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
Peard joins Dawson PPD as Manager of Finance and Administration
May 6, 2019 Dawson Public Power District has named Shannon Peard as its Manager of Finance and Administration. She began her duties in April 2019. A native of Bee, Neb., Peard previously worked at Dana F. Cole & Company as an audit manager. She received her...
One ways and roundabouts: How Dawson PPD is strengthening its grid
Everyone’s favorite season is finally upon us – road construction. This time of year is known to delay trips to the store or cross country, but it’s necessary to keep traffic flowing smoothly now and well into the future. When Dawson PPD considers its work plan, we...
What to do with unused electric services
“When we have unused equipment at a service location, the District still has to maintain that equipment and make sure it is ready for use whenever the customer may need it,” explains Gwen Kautz, General Manager. “The distribution and minimum charges are designed to...