Section 757.940 – Delegation of powers relating to financing agreements.
The board of directors of Oregon Community Power may delegate to any board member, or to the chief executive officer, president, general manager or chief financial officer of Oregon Community Power, the authority to determine maturity dates, principal amounts, redemption provisions, interest rates or methods for determining variable or adjustable interest rates, denominations, methods of […]
Section 757.890 – Eminent domain.
(1) Oregon Community Power may exercise the power of eminent domain for the purpose of acquiring any property, within or outside the service territory of Oregon Community Power, necessary for carrying out the electric utility operations of Oregon Community Power. Oregon Community Power may use the power of eminent domain to acquire an incumbent utility […]
Section 757.942 – Powers of Oregon Community Power relating to financing agreements.
Oregon Community Power may: (1) Enter into agreements with third parties to hold financing agreement proceeds, payments and reserves as security for lenders, and to issue certificates of participation in the right to receive payments due from Oregon Community Power under a financing agreement. Amounts so held shall be invested at the direction of the […]
Section 757.895 – Ratemaking.
(1) The board of directors of Oregon Community Power shall establish rates for the provision of electricity within the service territory of Oregon Community Power using the procedure set forth under ORS 757.897. (2) The board shall establish a rate structure under which rates that apply to a specific class of customers are designed to […]
Section 757.945 – Consultation with State Treasurer.
Oregon Community Power may consult with and obtain advice from the State Treasurer on proposed or executed financing agreements. The State Treasurer may recover from Oregon Community Power any costs incurred by the State Treasurer in providing consultation and advice. [2007 c.807 §38] Note: See note under 757.812.
Section 757.897 – Notice of ratemaking; ratemaking hearings.
(1) Whenever the board of directors of Oregon Community Power determines to seek a modification in any rate imposed by the board for electricity service, the board shall give notice of a ratemaking hearing, at least 30 days in advance, as follows: (a) In newspapers of general circulation that are published in the service territory; […]
Section 757.900 – Intervention by Citizens’ Utility Board in proceedings.
(1) Whenever the Citizens’ Utility Board of Governors determines that an Oregon Community Power proceeding may affect the interests of utility consumers, the Citizens’ Utility Board may intervene as of right as an interested party or otherwise participate in the proceeding. (2) The Citizens’ Utility Board shall have standing to obtain judicial or administrative review […]
Section 757.902 – Annual audit of Oregon Community Power.
The board of directors of Oregon Community Power shall cause an independent audit to be performed at least annually. The audit shall review and report on the financial affairs of Oregon Community Power and on any other aspects of Oregon Community Power as the board may direct. [2007 c.807 §25] Note: See note under 757.812.
Section 757.905 – Adoption of bylaws.
The board of directors of Oregon Community Power may adopt bylaws necessary to administer ORS 757.812 to 757.950, including but not limited to: (1) Bylaws establishing the information the board must make available to the public prior to conducting a ratemaking hearing. (2) Bylaws establishing procedures for conducting a ratemaking hearing that provide for substantially […]
Section 757.910 – Policy.
(1) The Legislative Assembly declares that it is the policy of the State of Oregon to: (a) Ensure that the formation and operation of Oregon Community Power does not directly or indirectly diminish the amount of federal electric power available for purchase by consumer-owned utilities to serve their retail electricity consumers; (b) Ensure that the […]