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
Ghost Towns: A look at the past
Buffalo County Buda Buda holds the distinction of being the oldest town in the county. The town was originally named Kearney. In 1872, the name was changed to Shelby because of its similarity to Kearney Junction, a town five miles distant. Later, a station in the...
Dawson PPD participates in Harvest Safety Tour
Dawson PPD had the opportunity to participate in NPPD's Harvest Safety Tour on September 2. The goal of the event was to increase the public's awareness of safety during the harvest season. The event was held at the Buffalo County Fairgrounds in Kearney. Dawson...
Between the lines: A deeper look at Dawson PPD’s Strategic Plan
By Shannon Peard Manager of Finance and Administration Initiative #1 – Develop a long-term, comprehensive financial plan to include appropriate revenue levels supported by new rate plans, treasury management practices (cash) and performance metrics to ensure prudent...