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
Join Dawson PPD at its open house on May 4
(April 24, 2017) Lexington, Neb. – Dawson Public Power District will host its open house on Thursday, May 4. The event, scheduled from 4:00 – 7:00 p.m., will be held at the District’s headquarters in Lexington located just south of the Platte River. The physical...
Dawson PPD awards $3,000 in scholarships
(April 18, 2017) Lexington, Neb. – Dawson Public Power District has awarded $3,000 in scholarships to two local graduating seniors. Each senior was presented with $1,500 to help further their education. “We are fortunate to have so many talented youth in the area,”...
#ThankALineman
Monday, April 10, 2017 is National Lineman Appreciation Day. These brave men and women put their lives on the line to keep ours powered – rain or shine, day or night. Today and every day, thank a lineman. April 2017