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
Tree Control Laborer Job
Dawson PPD is accepting applications for the position of tree control laborer, working from the Lexington Headquarters. Qualifications include: High school diploma or GED, ability to obtain a chemical application license if necessary, knowledge and experience using...
Batie appointed to Dawson PPD Board of Directors
Don Batie has been appointed to fill a vacant seat on the Dawson Public Power District Board of Directors. He began his duties in May.
Volunteers needed for therapy horse program
Volunteers are the heart of every non-profit organization, and the Kearney Therapeutic Horseback Riding Program is no exception. The independent, non-profit organization is dedicated to fostering emotional, physical and social well-being through horseback riding. It is designed to meet the needs of individuals of all ages and disabilities.