--- title: 2023 Dawson PPD annual report description: 2023 in review The District recognized adequate margin to cover expenses and fund planned investments in the power system that reliably serves our customer --- [Skip to content](https://blog.growbuffalocounty.com/development-council-for-buffalo-county-blog/news-center/p/item/58392/2023-dawson-ppd-annual-report#main-content) [![Development Council for Buffalo County logo](https://blog.growbuffalocounty.com/hubfs/Development%20Council%20Logo_1-23-23_V1.png)](https://growbuffalocounty.com) - About Buffalo County - [Communities](https://growbuffalocounty.com/communities) - [Livability](https://growbuffalocounty.com/live) - [Labor](https://growbuffalocounty.com/work) - Site Selectors - [Sites & Buildings](https://growbuffalocounty.com/sites-buildings) - [Target Industries](https://growbuffalocounty.com/target-industries) - [Regional Data](https://growbuffalocounty.com/regional-data) - [Location Advantages](https://growbuffalocounty.com/location-advantages) - Strategic Initiatives - [Build Buffalo County](https://growbuffalocounty.com/build-buffalo-county) - Business Support - [Incentives](https://growbuffalocounty.com/incentives) - [Resources](https://growbuffalocounty.com/resources) - [Entrepreneurs](https://growbuffalocounty.com/big-idea-buffalo-county) - About DCBC - [Services](https://growbuffalocounty.com/services-1) - [Staff](https://growbuffalocounty.com/staff) - [Board](https://growbuffalocounty.com/board) - [Investors](https://growbuffalocounty.com/membership) - [News](https://growbuffalocounty.com/news) - [Contact Us](https://growbuffalocounty.com/contact-us) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. # 2023 Dawson PPD annual report [Admin](https://blog.growbuffalocounty.com/development-council-for-buffalo-county-blog/author/admin) Published Jul 01, 2024 Reading Time 2 min read **2023 in review** The District recognized adequate margin to cover expenses and fund planned investments in the power system that reliably serves our customers. We reduced long-term debt by $4.6 million and invested $9 million in system assets. The District is dedicated to providing reliable, dependable and affordable energy to its customers. Our strong financial position today will support these goals into the future. Dawson PPD continued a trend of robust financial performance in 2023. A specific notable achievement was the upgrade of our bond rating by Standard & Poors, which has improved from an A to A+. This upgrade reflects confidence in the districts finances, marked by consistent improvements in several key financial focus areas. **Service territory and revenue** We served an average of 23,400 customers, up from 23,279 in 2022. The irrigation segment recognized the largest percentage increase in customers served. Irrigation sales were strong in 2023. The sale of 180 million irrigation kilowatt hours was the second highest of the last ten years. The residential segment contributed the highest percentage to total revenue at 43%. Total revenue among all rate classes was $68.4 million on the sale of 595.4 million kWh. **Cost of Power and Operating Expenses** The cost of purchased power accounted for 51% of total revenue. We continued to receive a power cost adjustment (PCA) which has helped to keep this number relatively consistent since 2020. Operating and maintenance expenses (non-purchased power) of $15,282,000 accounted for 22% of total revenue. This percentage is unchanged from the previous two years. **Electric Power Distribution System Investment** Dawson PPD is committed to the quality and reliability of our electric power system. We maintain a working plan of investment several years into the future. Over the last decade we have invested $97 million back into our system. We invested $8 million and $9 million in 2022 and 2023 respectively. Our strong financial position allowed us to make these recent investments without issuing new debt. In addition, we were able to invest cash reserves to take advantage of higher market interest rates. [Click here to learn more about Dawson Public Power District.](https://dawsonpower.com/about/) [Admin](https://blog.growbuffalocounty.com/development-council-for-buffalo-county-blog/author/admin) Share #### Let's Connect We’d love to hear from you—reach out anytime and let’s start the conversation. ## Related Posts [First ever Nebraska Apprenticeship Summit hosted by local community colleges KEARNEY, Neb. — Local community colleges, including Central, Northeast, and Southeast Community Coll...](https://blog.growbuffalocounty.com/development-council-for-buffalo-county-blog/news-center/p/item/54740/first-ever-nebraska-apprenticeship-summit-hosted-by-local-community-colleges) [Elm Creek Childcare Initiative Aims to Provide More Childcare Options A new non-profit has formed in Elm Creek to bring childcare services to their rural community, Elm C...](https://blog.growbuffalocounty.com/development-council-for-buffalo-county-blog/news-center/p/item/63521/elm-creek-childcare-initiative-aims-to-provide-more-childcare-options) [City of Kearney Secures $4M Loan for Lead Line Replacement Project In the heart of Kearney, city officials gathered to discuss vital infrastructure projects that promi...](https://blog.growbuffalocounty.com/development-council-for-buffalo-county-blog/news-center/p/item/64334/city-of-kearney-secures-4m-loan-for-lead-line-replacement-project) ![edcc-logo-1](https://blog.growbuffalocounty.com/hubfs/edcc-logo-1.svg) **Development Council for Buffalo County** 220 11th Avenue Kearney, NE 68845 [(308) 237-9346](tel:+1308-237-9346)[mailto:info@growbuffalocounty.com](mailto:info@growbuffalocounty.com) [info@growbuffalocounty.com](mailto:info@growbuffalocounty.com) - [Buffalo County](https://buffalocounty.ne.gov/) - [City of Kearney](https://cityofkearney.org/) - [Kearney Area Chamber](https://www.kearneycoc.org/) - [Kearney Visitors Bureau](https://visitkearney.org/) - [Contact](https://growbuffalocounty.com/contact-us) - [Site Map](https://242034849.hs-sites-na2.com/sitemap.xml) © 2025 Development Council for Buffalo County. 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