CHIMNEY ROCK PPD

Chimney Rock is a not-for-profit political subdivision of the State of Nebraska and subject to laws enacted by the legislature. Nebraska is the only state in the U.S. that is 100 percent public power, which means local control and electric rates that are lower than the national average... The advantages of public power are many. Since there are no stockholders, dividends are reinvested in the system. Profit as such is not required, however, a certain margin is to satisfy bond indentures and meet operating needs. Financing is available through tax exempt bonding and as a public entity, no property tax is paid. (We pay In-lieu of taxes instead of property tax)

Also known as: Chimney Rock Public Power District

Primary location: Bayard United States