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
Understanding the 2017 rate increase
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Between the lines: Teamwork
By Gwen Kautz, Dawson PPD General Manager gkautz (at) dawsonpower.com 308-324-2386 When we hear the word, “teamwork,” it’s generally associated with a sporting event or a work project. Teamwork took on a whole new meaning for me last month. I was invited to sit in on...
May is National Electrical Safety Month
Each year, more than 140,000 electrical fires occur across the nation. Follow these tips to stay safe: Water and electricity don’t mix. You’ve heard this before, but we’ll say it again. Remember that water cannot extinguish an electrical fire. This type is fire is...