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
Dawson PPD Board elects new officers
The Dawson Public Power District Board of Directors voted in new officers at the January Board Meeting. The officers were sworn in and will begin their duties in February 2023.
Electricity supply: Looking out for you
Dawson Public Power District customers trust that electricity is available and dependable. But what about the headlines predicting energy shortfalls? “First, you need to know that there are different levels of entities who are working to ensure electrical capacity and...
BETWEEN THE LINES: A year in review
Dawson PPD follows its mission statement in this 2022 year end review.