![Dawson PPD 2022 kWh sales by rate class Dawson PPD 2022 kWh sales by rate class](https://dawsonpower.com/wp-content/uploads/2023/07/Dawson-PPD-2022-kWh-sales-by-rate-class-1.png)
Dawson Public Power District announced its 2022 financial performance review, highlighting that $8 million was invested into its distribution system without issuing new debt.
The publicly-owned electric utility grew its cash reserves by $8.5 million, reduced long-term debt by $4.4 million and invested $8 million into its distribution system. The District remains dedicated to providing safe, reliable and affordable energy to its valued customers, and its current strong financial position reinforces its ability to fulfill these commitments well into the future.
Dawson PPD strengthened its cash reserves through a combination of strong irrigation sales, a power cost adjustment from its wholesale provider, Nebraska Public Power District, and management of operating expenses. A rate stabilization fund, established in 2020, also assists in keeping rates as low as possible despite the impact of inflation or any other unforeseen circumstances.
By refinancing three bonds in 2020 to capitalize on low interest rates, paying down principal since that time, and using current operating revenue to fund improvements, Dawson PPD’s total interest expense is down 17 percent over the past two years.
Over the past decade, the company has invested $102 million into its infrastructure. Notably, in 2021 and 2022, Dawson PPD allocated $5.6 million and $8 million, respectively, to bolster its electrical grid. These recent investments were made possible without the need for new debt issuance, thanks to the company’s strong financial position.
Dawson PPD experienced exceptional success in irrigation sales, with a 30 percent increase in the sale of 216 million irrigation kilowatt hours compared to 2021. The District’s total revenue in 2022 was $70.9 million, or 632.1 million kilowatt hours across all rate classes.
OTHER NEWS
Laguna-Gutierrez receives $2,000 Dawson PPD Utility Line Scholarship
Dawson Public Power District has awarded Juan Laguna-Gutierrez a $2,000 utility line scholarship to pursue his degree. Laguna-Gutierrez is a student at Lexington High School and is the son of Juan Laguna-Sanchez and Alejandra Gutierrez-Alvarado.
Wulf awarded $2,000 Dawson PPD STEM Scholarship
Kearney native Hayden Wulf has been awarded a $2,000 STEM Scholarship from Dawson Public Power District. Wulf is the daughter of Douglas and Kellie Wulf. She is currently studying Civil Engineering at the University of Nebraska-Lincoln.
April 10 is National Lineworker Appreciation Day
Celebrate the power behind your power. This Lineworker Appreciation Day, Dawson PPD invites our customers to recognize our local line crews and all utility lineworkers across America. Our lineworkers’ top priority is ensuring that we have reliable electricity for everyday life. Got power? Thank a lineworker!