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
Between the lines: Walking down memory lane
By Gwen Kautz, Dawson PPD General Manager gkautz (at) dawsonpower.com 308-324-2386 Who doesn’t like a walk down memory lane? Many of us fondly remember times with our grandparents and their siblings. Dawson PPD was formed in 1937. If you look at the changes we’ve seen...
Join us at our open house!
Please join us Thursday, May 4, as we celebrate 80 years of providing safe, reliable and affordable electric power to our customers. Where: 75191 Rd. 433, Lexington (Dawson PPD headquarters) Hours: 4:00 - 7:00 p.m. Activities: Time capsule burial ceremony Bucket truck...
Dawson PPD rate increase scheduled for April
(March 7, 2017) Lexington, Neb. –Dawson Public Power District customers will see an average three percent increase on their May electric statements. The new rates will go into effect with April usage. “Our goal is to make sure we provide safe, reliable and affordable...