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: Comic relief
By Gwen Kautz General Manager 308-324-2386 gkautz(at)dawsonpower.com My greatest struggle with social distancing? Video conference calls. Me: Okay, let's get started. Please look at the agenda attached to the email. Operations: Hello? Can you see me? *Nope* Customer...
Notice: Customers transferred to City of Lexington
Dawson PPD has served a group of mostly commercial customers on the south part of Lexington as part of an agreement with the City. By June 2020, the maintenance and billing for these customers had been transferred back to the City of Lexington. Dawson PPD continues to...
Dawson PPD helps distribute 425 gallons of hand sanitizer to Dawson and Gosper Counties
[su_image_carousel source="media: 10784,10783,10782" crop="none" align="center" captions="yes" image_size="medium_large"] In just under two hours, Dawson PPD employees distributed 425 gallons of hand sanitizer to businesses and organizations in Dawson and Gosper...