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
Wulf awarded $2,000 Dawson PPD STEM Scholarship
Kearney native Hayden Wulf has been awarded a $2,000 STEM Scholarship from Dawson Public Power District. Wulf is the daughter of Douglas and Kellie Wulf. She is currently studying Civil Engineering at the University of Nebraska-Lincoln.
April 10 is National Lineworker Appreciation Day
Celebrate the power behind your power. This Lineworker Appreciation Day, Dawson PPD invites our customers to recognize our local line crews and all utility lineworkers across America. Our lineworkers’ top priority is ensuring that we have reliable electricity for everyday life. Got power? Thank a lineworker!
Camp Comeca welcomes Youth Energy Leadership Camp after forest fire
Within a month of the fire, the NREA settled on Camp Comeca as its new host in 2023.