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
Policy update to service fees
At the October Board Meeting, an update was passed on the Customer Policy 213: Listing of Current Charges. Some key changes: Meter reading charge - $55 Non-payment reconnect during business hours - $100 Non-payment reconnect after business hours - $150 Returned...
Mapping legend Ron Teten retires
Ron Teten is a real legend. For the past 19 years, Teten has led Dawson PPD into the world of intelligent, digital mapping. His next destination? Retirement. “It’s been a good learning experience at Dawson PPD,” Teten said. “I’ve enjoyed working with the employees....
A heart to heart with Connie Hird
Relationships are the heart of customer service. And Connie Hird has heart. After 39 years of service, Hird has chosen to retire. Hird was hired as a Consumer Accounting Clerk in 1981 after her father told her about the open position. “My dad, Virgil Coryell, knew it...