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
How to choose efficient appliances that save money
When it’s time to replace a large appliance in your home, be sure to take a moment and consider what you will purchase. Dramatic advancements in the efficiency of many electric appliances provide the same level of end-user comfort with substantially less...
Between the lines: Distribution charge to increase
An independent cost of service study was reviewed in depth at the April board meeting. Our priorities at Dawson PPD have been the same since the beginning: To bring our customers safe, reliable, and affordable electric power. Our board works hard to make sound...
Dawson PPD raises residential rate Distribution Charge
(April 30, 2018) Lexington, Neb. – Dawson Public Power District will increase its Distribution Charge by one dollar for all General Service Rate and A-SH General Service Electric Heat Rate customers. This change will be in effect with May statements. The General...