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
Service upgrade policy changes
Starting in January 2024, Dawson PPD will charge to increase the size of an existing electric service. The value of the retired equipment will be credited toward the cost of new equipment. Increasing the size of a motor on an irrigation service, adding a swing arm to...
Purple light? Report it!
Do you have a Dawson PPD provided LED light that shines purple at night? Please contact us to report it!
The purple light is a defect that changes the color of the light from white to purple. This defect does not affect energy efficiency or performance.
2023 Dawson PPD irrigation season second highest revenue year in past decade
Dawson Public Power District reports that the 2023 irrigation season was the second highest revenue year in the past decade. That was noted at Dawson PPD’s Board of Directors meeting held December 6.