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
Boards vote to consolidate
The boards of directors of the Central Nebraska Public Power and Irrigation District and Dawson Public Power District voted Monday during a joint meeting of the boards to consolidate the two districts into a single public power and irrigation district. The consolidated entity will be called Platte River Public Power and Irrigation District (PRPPID).
Plan of Consolidation
The linked document is the Plan of Consolidation for The Central Nebraska Public Power and Irrigation District, a Nebraska public corporation and political subdivision, and Dawson Public Power District, a Nebraska public corporation and political subdivision.
Special board meeting agenda
Dawson Public Power District and The Central Nebraska Public Power District Boards of Directors will hold a special meeting on Monday, October 24, 2022, at 3:00 p.m. at the Elwood Civic Center.