![Dawson PPD bond debt 2013-2022 Dawson PPD bond debt 2013-2022](https://dawsonpower.com/wp-content/uploads/2023/02/Dawson-PPD-debt.png)
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
Let’s clear the waters and talk about the merger
FAQ of the merger to create Platte River Public Power and Irrigation District
About $6.1 million planned for electric system distribution improvements
About $6.1 million in electric distribution system improvements is budgeted for 2023. The plans will improve roughly 50 miles of power lines.
Dawson PPD welcomes three new board members
Directors David Pieper of North Platte, Tyler Kugler of Elwood and Mary “Liz” Wroblewski of Ravenna were officially sworn in to begin their six-year terms.