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
BETWEEN THE LINES: Volunteerism
What’s your secret super-power? Did you know it’s within everyone’s ability to be a hero by volunteering? One of the benefits of living in smaller communities within Dawson PPD’s service territory is that our employees volunteer for civic/community/church...
Boring machine is anything but
It’s big. It’s powerful. And it virtually leaves yards undisturbed. Dawson PPD recently invested in an underground boring machine to assist with line construction. The plan is to bore power lines underground when they cross major roads and intersections. This...
How Santa saves energy
How Santa saves energy Santa leaves his decorations up year-round, so he uses LED holiday light strands. LED holiday strands can last up to 40 seasons, which make them a great option for any festive home. Santa requires several power tools to make a year's worth of...