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
Dawson PPD announces its scholarship winners
STEM Scholarship Abraham Schroeder of Ravenna was awarded with the $1,500 Dawson PPD STEM Scholarship. STEM stands for Science, Technology, Engineering and Math. Abraham is a Ravenna High School graduate. His mother is Andrea Schroeder. Abraham plans to study...
How to save energy while staying home
The coronavirus crisis means people are spending more time at home, and that extra time spent in your home will add to your energy bills. Although warmer weather and lighter evenings mean you will use less energy, you could still see higher energy bills simply because...
Happy National Lineworker Appreciation Day
April 13, 2020, is National Lineworker Appreciation Day. Lineworkers know how to get the job done. Let's thank them for powering our lives. The National Rural Electric Cooperative Association Board Resolution states: "Whereas linemen leave their families and put their...