![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
SmartHub and paperless bill statement contest winners
Dawson PPD awarded three $100 Visa gift cards to customers who enrolled in paperless billing.
Twelve values of the merger
When we talk to Dawson Public Power District customers about this opportunity, something commonly asked is “why?” We usually hear that customers do not care what we do so long as we continue to provide low-cost, reliable power. When they flip the light switch, it better come on. We know this industry well and we care about all of this on your behalf. Our efforts will continue doing what we do best using a different, but diverse, and better business model.
Then and now: Electricity remains a good value
The average Nebraska residential cost per kilowatt hour of electricity was about 10 cents in 2012. In 2020, that cost rose to just 11 cents.