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
Dawson PPD awards $1,500 STEM Scholarship to Overton student
Dawson Public Power District has awarded Abby Lawton a $1,500 STEM scholarship to further her education.
Dawson PPD awards $2,000 Utility Line Scholarship to North Platte student
Dawson Public Power District has awarded Sawyer McGill a $2,000 utility line scholarship to pursue his degree. McGill is a student at St. Patrick’s High School and is the son of Jake and Amy McGill.
Shortages cause delays for electric customers
Building a new home, grain bin site or converting an irrigation well to electricity? Material shortages may cause delays in getting power to your property. While Dawson Public Power District has an inventory of equipment, the district is not receiving all the material...