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
2019 financials: A closer look
By Shannon Peard, Manager of Finance and Administration Let's take a closer look at Dawson PPD's 2019 financials. Simply put, the state of the District's financials is strong. Dawson PPD serves more than 23,000 customers. The average residential customer consumed...
Between the lines: Working with or against the crystal ball
By Gwen Kautz General Manager 308-324-2386 gkautz(at)dawsonpower.com As CEO, I’m working with Dawson PPD’s board and staff to set a clear path for the organization’s future. Since public power has restrictions on what it can do per state statute, the core business...
The thrill of the chase
Schuyler native Dale Kaminski says he loves to watch severe weather. So much, that, he’s willing to travel hundreds of miles and across state lines to observe storms. Kaminski is a full-time multimedia journalist/storm chaser for SVL Media. In the past 34 years, he’s...