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
Merger update: Going forward from here
In mid-February, the Nebraska Power Review Board heard testimony about the proposed merger of The Central Nebraska Public Power and Irrigation District and Dawson Public Power District. The PRB asked for an extension of the normal 60-day deadline for a decision....
Sign it online
Would you like a digital version of annual irrigation paperwork instead of mailed forms? Let us know! The goal is to streamline the process in 2024, reducing paper and postage. Two forms will be available electronically in 2024: the verification of customer...
Answering your irrigation account questions
Is my well controlled every day I get a CODE RED text message? The same load management text messages are sent to all electric irrigation customers. A “code red” day will only affect your irrigation system if it is eligible for control that specific day. For example:...