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
Between the lines: Customers of all seasons
By Gwen Kautz, General Manager gkautz at dawsonpower.com 308-324-2386 I used to think the people who read the Wall Street Journal were old, like fossil-relic old. Now it’s one of the few publications I trust. I read it faithfully which, by definition earlier, makes me...
Dawson PPD awards $1,500 Utility Line Scholarship to Amherst student
(April 8, 2019) Dawson Public Power District has awarded Deric John a $1,500 Utility Line scholarship to pursue his degree. John, who resides in Miller, is a senior at Amherst High School. John plans to attend Northeast Community College in Norfolk in the fall of...
Dawson PPD awards $1,500 STEM Scholarship to Shelton student
April 8, 2019 Dawson Public Power District has awarded Luryn Hendrickson a $1,500 STEM scholarship to further her education. Hendrickson is a senior at Shelton Public Schools. In her essay, Hendrickson said that she plans to study architecture at the University of...