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
Rate increase to take effect with May billing
Dawson Public Power District rates will increase this spring. Overall, the increase will be 1.85%. The percentage varies by rate class. Residential customers will see a 1.75% increase in their electric rates. This includes a $1 increase to the distribution charge and...
Ask the board: A conversation with Dave Dwiggins
Dave Dwiggins Dawson PPD Board Member Area served: Buffalo County Subdivision Years of service: 29 What do you do outside of serving on Dawson PPD’s Board of Directors? I am officially retired, but I previously operated the family farm. I currently manage the farm and...
Following his calling: Tracy Gordon retires
When you describe the personality of someone with a career in information technology, what adjectives come to mind? People may answer with nerdy or introverted. But what about extrovert or relationship-builder? For Dawson PPD’s Information Technology and Security...