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
Generator safety tips
Generator safety tips Never connect a standby generator into your home's electrical system. There are only two safe ways to connect a standby generator to your equipment. Stationary Generator: An approved generator transfer switch, which keeps your house...
Blinks, surges, lightning strikes and outages: Who’s responsible?
Unexpectedly replacing electronics can be a major blow to a household’s budget. If the device stopped working as a result of an electrical problem, many customers contact their power provider in hopes that they’ll pay. In most cases, neither the customer nor the power...
More than 350 people attend open house
Dawson PPD hosted an open house at the Lexington headquarters to celebrate the District's 80th anniversary. The weather was perfect for the May 4, event, which was held as a business after hours event with the Lexington Chamber of Commerce. Guests toured the...