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: Is retail choice right for Nebraska?
By Gwen Kautz, Dawson PPD General Manager gkautz (at) dawsonpower.com 308-324-2386 Over the holidays, a report was published that claimed Nebraskan’s are not benefiting from the public power model in Nebraska and that introducing competition would garner lower rates....
Celebrating 80 years of service
On January 25, 1937, local farmers and other community leaders filed a petition with the Nebraska Department of Roads and Irrigation for the creation of Dawson County Public Power District. The District was officially formed February 26, 1937. The District put its...
Dawson PPD begins sub-transmission line reconstruction
(January 3, 2017) Lexington, Neb. – Dawson Public Power District has begun reconstructing a sub-transmission line between Overton and Elm Creek. The $2 million project is expected to be complete by June 1, 2017. This is the first of three projects Dawson PPD has...