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 temporarily suspends electrical disconnections for nonpayment
(April 6, 2020) Lexington, Neb. – Dawson Public Power District will temporarily suspend electrical disconnections for nonpayment in response to the COVID-19 crisis. “COVID-19 has changed life as we knew it,” said Dawson PPD Consumer Accounts and Records Supervisor...
Powering your safety
Powering your safety On the farm, safety is more than a precaution. It's a way of life. Being prepared can mean the difference between life and death. If you contact a power line... Stay put If your equipment contacts a power line, stay inside the cab. DO NOT...
Energy property tax credits retroactively brought back
The federal government announced that it is retroactively bringing back various energy property tax credits that were discontinued in 2017. The tax credit may be claimed for 10 percent of the cost of qualified energy efficiency improvements and 100 percent of all...