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
Vern Luft retires
May 2021 Vern Luft enjoys people. His passion for customer service and a desire to know the customers that he serves runs deep. Just a few minutes visiting with him makes it evident. Vern can tell you where customers live, who used to live in the house before the...
Between the lines: Beyond 2020: Phase 1 results
May 2021 By Gwen Kautz Dawson PPD General Manager gkautz (at) dawsonpower.com 308-324-2386 To study the possible merger, the consultant needed lots of information. Dawson PPD submitted over 49 pieces of information in which some pieces contained data for five and 10...
Dawson PPD awards $1,500 STEM Scholarship to Cozad student
March 31, 2021 Dawson Public Power District has awarded Landry Geiger a $1,500 STEM scholarship to further their education. Geiger is a senior at Cozad High School and is the child of Jon and Julie Geiger. In his essay, Geiger said that he plans to study computer...