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
What to do if in an auto accident with power lines
Know what to do if in an auto accident with power lines If the car you are in hits a utility pole, your vehicle and the surrounding area can become energized. Even if you do not touch lines or equipment, you can still be killed or seriously injured. Do not...
Make time for safety this harvest season
Harvest season often means putting in long hours, which can make it difficult to stay alert and on the lookout for potential hazards. Here are some safety tips to help farmers make this harvest season a safe one: Safety starts with preparation. Be prepared for...
Thinking of going green? Learn more at this free session.
Tuesday, September 27 7:00 - 8:30 p.m. Central Community College Opportunity Center 1501 Plum Creek Parkway Lexington, NE FREE seminar Are wind or solar energy in your future? The possibility of generating power with your own solar panels or a wind...