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 757.840
[1987 c.1 §§1,2,3; 1989 c.5 §10; renumbered 759.235 in 1989]
Section 757.842 – Board meetings and procedures.
(1) The board of directors of Oregon Community Power shall meet at least once each month to conduct the business of the board. (2) A majority of board members shall constitute a quorum. (3) The board shall select one of its members as chairperson. (4) The board shall adopt bylaws establishing rules of procedure for […]
Section 757.850
[1987 c.613 §4; 1989 c.5 §11; 1989 c.378 §2; 1989 c.543 §2; renumbered 759.195 in 1989]
Section 757.852 – Acquisition of incumbent utility; use of eminent domain.
(1) As soon as practicable after being appointed, the board of directors of Oregon Community Power shall implement the agreement entered into by an acquisition review committee under ORS 757.814 (4)(b). (2) Notwithstanding ORS 757.890 (1), Oregon Community Power may not use the power of eminent domain to accomplish all or a part of an […]
Section 757.855 – Funding of preliminary activities and negotiations.
(1) Following a request by an acquisition review committee under ORS 757.862, the Public Utility Commission shall transfer from the Public Utility Commission Account to the Oregon Community Power Utility Acquisition Fund established under ORS 757.857 all amounts necessary to fund any preliminary activities needed to determine: (a) The appropriateness or desirability of an acquisition […]
Section 757.857 – Oregon Community Power Utility Acquisition Fund.
(1) The Oregon Community Power Utility Acquisition Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Oregon Community Power Utility Acquisition Fund shall be credited to the Oregon Community Power Utility Acquisition Fund. (2) Moneys in the Oregon Community Power Utility Acquisition Fund are continuously appropriated […]
Section 757.860
[1987 c.302 §3; 1989 c.5 §12; renumbered 759.225 in 1989]
Section 757.862 – Request to Public Utility Commission for transfer of funds.
(1) An acquisition review committee created under ORS 757.814 may request that the Public Utility Commission transfer moneys appropriated under ORS 757.857 in order to fund any preliminary activities the committee undertakes to determine: (a) The appropriateness or desirability of an acquisition described in ORS 757.812 to 757.950; (b) The requirements and terms of the […]