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
The final chapter of a colorful career
Nancy Davenport is retiring after 37 years of service.
Testing poles with science
Testing wooden poles helps the District ensure reliability and long life of its equipment, saving customers money in the long run.
You’re invited to the Dawson PPD Customer Meeting
RSVP for Dawson PPD’s Customer Meeting on September 14, 2022. The event will begin at 1:00 p.m. and end at 6:00 p.m. Supper is provided. The meeting will take place at Dawson PPD’s headquarters (75191 Rd 433, Lexington).