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
Employees hired from within
Sara Campbell, Bob Miller, Trever Miller and Casandra Way were recently promoted from within.
Take action against scams
Each year, Nebraskans are subject to a variety of consumer scams. Everyone, regardless of age, sex, nationality, education level or financial status is a target for a consumer scam.
Strong and steady: A look at Dawson PPD’s 2021 financials
The Dawson PPD Board of Directors set some key goals for 2021 and beyond, including the establishment of a Rate Stabilization Fund. The Rate Stabilization Fund will be deposited into or withdrawn from accordingly to help balance the surplus years of revenue from insufficient years.