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
Do bug lights really work?
Picture this: You’re lighting off fireworks, eating s’mores and enjoying a cold beverage with friends and family. It’s getting dark, but the party’s going strong. So you flip on the porch light. Then, one by one, the bugs begin to descend on your party. Suddenly,...
The little library that could
[su_slider source="media: 4643,4644,4646,4645" link="image" target="blank" speed="2000"] The Farnam Public Library adds children’s programming to gain interest Once upon a time, in the small rural Nebraska community of Farnam, stood a quaint public library....
Three local youth selected to attend Youth Energy Leadership Camp
(June 6, 2017) Lexington, Neb. – Dawson Public Power District has selected three local youth to attend the Nebraska Rural Electric Association Youth Energy Leadership Camp as its representatives. YELC focuses on the electrical utility industry and promotes leadership...