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
The February Freeze: A special message from Dawson PPD’s General Manager
It’s February, we are supposed to see red – just not a red map indicating electric grid failure was imminent. Some of my readers undoubtedly lost power. I know my home did. But I’m an optimist. I believe there’s something positive to be gained so I’ll follow the...
BETWEEN THE LINES: The Dawson PPD and Central NPPID Project
I’ve fielded several questions about our announcement in November. In December, our boards approved the hiring of a consultant to take a deeper and more thorough look at whether or not this arrangement not only has merit but has positive impacts for each district....
Electric vehicles are worth a second look
Electric cars are powerful, quiet and cheaper to maintain than gas-powered vehicles. Add the tax credit and incentives, and these vehicles are worthy of consideration as your next vehicle. Range anxiety no more These green vehicles have evolved rapidly. The 2011...