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: The demise of our heat pump
By Gwen Kautz General Manager 308-324-2386 gkautz(at)dawsonpower.com We had no warning. One day was cool and carefree, and the next had us sweating. Our heat pump finally bit the dust. It happened two days before high temperatures hit – thus no air conditioning. We...
Normal bill collection procedures resume
Normal bill collection procedures resume (June 8, 2020) -- Dawson Public Power District is reinstating normal bill collection procedures following board approval. The District stopped disconnecting customers for non-payment on April 6. "We understand that this...
Smart thermostat options: A comparison of the market’s smartest and most popular
[su_image_carousel source="media: 10797,10796" crop="none" columns="2" align="center" captions="yes" image_size="medium_large"] Heating and cooling costs account for around half of a user’s energy bill according to the U.S. Department of Energy. So when it comes to...