Section 470.660 – Investor-owned utilities; requirements of system; rules; waiver.
(1) All investor-owned utilities, except those that have withheld consent under ORS 470.510 (3), shall provide on-bill financing, except as described in subsection (4) of this section. After an investor-owned utility has established an on-bill financing system, an energy efficiency and sustainable technology loan shall be repaid by on-bill financing unless the loan agreement specifies […]
Section 470.665 – Consumer-owned utilities; requirements of system; rules; waiver.
(1) If a consumer-owned utility has established an on-bill financing system, an energy efficiency and sustainable technology loan shall be repaid by on-bill financing unless the loan agreement specifies that the State Department of Energy and the borrower have agreed to an alternative method for ensuring repayment of the loan. (2) Unless the Director of […]
Section 470.670 – Repayment requirement for customer served by electric utility and gas utility.
If a customer is served by both an electric utility and a gas utility that both have an on-bill financing system, a loan repaid through on-bill financing shall be repaid through the on-bill financing system of the utility that supplies the customer’s primary source of heat for the property. [2009 c.753 §34]
Section 470.675 – Cost eligibility for ratemaking purposes; loan repayment charges.
(1) If a utility incurs reasonable costs in implementing an on-bill financing system that exceed any moneys received by the utility to assist in the implementation, the costs are legitimate costs for ratemaking purposes. (2) A loan repayment charge for an energy efficiency and sustainable technology loan may include, but need not be limited to, […]
Section 470.680 – State Department of Energy to identify forms of acceptable security.
(1) Subject to ORS 470.170, the State Department of Energy may identify forms of acceptable security for energy efficiency and sustainable technology loans that the department determines will achieve the goals and requirements of the energy efficiency and sustainable technology loan program and that provide adequate security for repayment of the loans. (2) For loans […]
Section 470.685 – Recording liens; foreclosure of liens; attorney fees and costs.
(1) The State Department of Energy or a sustainable energy project manager may act on behalf of the Director of the State Department of Energy for the purpose of recording a lien in favor of the director as required by ORS 470.170 (3) against property benefited by an energy efficiency and sustainable technology loan. (2) […]
Section 470.690 – Avoidance of foreclosure.
A person that acquired an interest in a property in good faith and for a valuable consideration before the date a lien described in ORS 470.680 or 470.685 attached to the property under ORS 470.170 may avoid foreclosure of the lien by paying any delinquencies and collection costs associated with the underlying loan repayment charge […]
Section 470.695 – Sale of real property; notice of loan repayment charge required.
A person entering into an agreement to sell, rent, lease or otherwise confer a right in the person’s real property that is benefited by an energy efficiency and sustainable technology loan for which a loan repayment charge or other repayment obligation applies or for which a fixture filing, lien or other form of security exists […]
Section 470.615 – Payment of bonds.
(1) Revenue bonds issued under ORS 470.610 do not constitute a debt, liability or general obligation of this state or any political subdivision of this state or a pledge of the faith and credit of this state or any political subdivision of this state, but shall be payable solely from the revenues, moneys and other […]
Section 470.700 – Use of loan offset grant moneys; alternate mechanisms.
(1) The State Department of Energy may use loan offset grant moneys for any of the following if, in the absence of the grant moneys, a utility customer would incur higher overall monthly costs when energy costs and small scale local energy project costs are considered: (a) Offsetting the cost of an approved small scale […]