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
Q & A with Electrical Engineer, Cole Brodine
What kind of projects do you work on? Since we are a small utility, I work on a lot of different things. It includes line design, both distribution and transmission, regulatory requirements like our spill protection plan and PCB removal plan, evaluating line equipment...
Celebrating Engineering Week
Engineers week is February 16-22. These professionals are changing the world all the time with creative, practical solutions for things that matter. At Dawson PPD, we are proud to have an entire department dedicated to the engineering profession. The Engineering...
Between the lines: Strategic planning
By Gwen Kautz General Manager 308-324-2386 gkautz(at)dawsonpower.com In January, the board of directors and management team met with the goal to look at how we can better serve our customers and our company over the next three years. We talked about what do you...