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
Scholarship deadlines are March 14
Dawson PPD offers two annual scholarships for students interested in pursuing utility line or a STEM career. The deadline for both scholarships is March 14. The Dawson PPD Utility Line Scholarship is valued at $2,000 and will be awarded to one individual. Applicants...
3 tips to show your pets some love
We love our pets! They’re part of the family. But our pets are unaware of the dangers posed by plugs, wires and other electrical devices in our homes. When in doubt, look at your electrical setup through the eyes of your furry friends to keep them safe. Keep power...
Board officers elected
The Dawson PPD Board of Directors elected its officers at the January Board Meeting. Officer positions are elected annually. PresidentPat Hecox, Gothenburg Vice PresidentDan Muhlbach, Kearney TreasurerCraig Wietjes, Riverdale OTHER NEWS