OregonRelating to public utilities; and declaring an emergency.
What it does
Directs the Public Utility Commission to consider the cumulative economic impact of an electric or natural gas company's proposed residential rate or schedule of rates. Requires an electric or natural gas company to file an analysis of the cumulative economic impact on the company's residential rate payers if the company's return on equity is subject to review and modification. Authorizes the commission to adjust rates to mitigate an increase in residential customer rates if the increase would affect the ability of customers to maintain adequate utility services.
More detail
Prohibits any increase in residential rates from taking effect from November 1 to March 31. Directs the commission to require an electric or natural gas company to establish a multiyear rate plan for certain rate revisions. Prohibits, until January 2, 2027, or the date the commission adopts rules regarding multiyear rate plans, certain rate increases from taking effect within 18 months from the date of the last rate increase. Authorizes a public utility, upon approval by the commission, to issue bonds and securitize debt for costs and expenses incurred or to be incurred by the public utility associated with certain capital investments, retiring a generation asset, environmental remediation or an event in which the availability of electricity or natural gas within a regional energy market is significantly constrained. Requires an electric or natural gas company to provide and make public a visual representation of cost categories included in the company's residential customer rates and a report on any rate adjustments the company expects within the next 12 months. Declares an emergency, effective on passage.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Aug 7Chapter 503, (2025 Laws): Effective date July 17, 2025.Latest
- Jul 18Governor Tina Kotek signed.Became Law
- Jun 26President signed.Major
- Jun 26Speaker signed.Major
- Jun 25Rules suspended. Third reading. Carried by Gorsek. Passed.Passed Senate
- Vote recorded Rules suspended. Third reading. Carried by Gorsek. Passed. Result: pass.Upper
- Jun 24Second reading.Minor
- Jun 24Recommendation: Do pass the B-Eng. bill.Minor
- Jun 23Referred to Ways and Means.Minor
- Vote recorded Third reading. Carried by Sosa. Passed. Result: pass.Lower
- Jun 23First reading. Referred to President's desk.Minor
- Jun 23Third reading. Carried by Sosa. Passed.Passed House
- Jun 20Second reading.Minor
- Jun 19Recommendation: Do pass with amendments and be printed B-Engrossed.Minor
- Jun 17Work Session held.
- Vote recorded Heard and Reported Out with Amendments. Result: pass.Legislature
- Jun 11Returned to Full Committee.
- Jun 11Work Session held.
- Jun 7Assigned to Subcommittee On Natural Resources.Minor
- May 23Referred to Ways and Means by order of Speaker.Minor
- May 23Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means.Minor
- May 19Work Session held.
- Vote recorded Heard and Reported Out with Amendments. Result: pass.Lower
- May 7Public Hearing held.
- Apr 9Referred to Rules by order of Speaker.Minor
- Apr 9Without recommendation as to passage and be referred to Rules.
- Apr 3Work Session held.
- Vote recorded Heard and Reported Out. Result: pass.Lower
- Feb 25Public Hearing held.
- Feb 20Public Hearing held.
- Jan 17Referred to Commerce and Consumer Protection.Minor
- Jan 13First reading. Referred to Speaker's desk.Introduced