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
Are you on the correct rate?
General Service Rate (code 11) or Small Power Rate (code 4): For homes heated by natural gas furnaces or propane heaters that do not use heat pumps. General Service with Space Heating Rate (code 12 or 14): For homes that use 10 kilowatts or more of permanently...
Between the lines: Rate increase slated for May bills
By Gwen Kautz, Dawson PPD General Manager gkautz (at) dawsonpower.com 308-324-2386 As I mentioned a couple of months ago, a rate increase would be likely for 2017. A majority of our customers will see an estimated three percent increase in energy costs and...
Easy steps to greater efficiency
Do you want to save money and electricity but have limited time, money and patience? According to the Department of Energy, a “typical American family” spends nearly $2,000 per year on their home energy bills. Much of that money, however, is wasted through leaky...