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
Ask the board: A conversation with Pat Hecox
Dawson PPD Board President and Nebraska Rural Electric Association Board President
The steps to restoring power
When a major outage occurs, our crews restore service to the greatest number of people in the shortest time possible – until everyone has power.
Miller named Dawson PPD Manager of Purchasing, Facilities and Fleet
Dawson Public Power District has named Bob Miller as its Manager of Purchasing, Facilities and Fleet. His duties began in April.