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
High bill?
Between the lines: That digital divide
By Gwen Kautz, General Manager gkautz at dawsonpower.com 308-324-2386 You’ve heard about it, right? Let me assure you it’s the real deal. We’ll take a look around Dawson PPD’s service territory and share just how wide that divide is. We’ll also talk about the possible...
Need help with bills?
Weatherization Assistance Program The U.S. Department of Energy’s Weatherization Assistance Program installs energy efficiency measures in the homes of qualifying homeowners free of charge. The Community Action Partnership of Mid-Nebraska administers these funds. The...