Relating to energy; and prescribing an effective date.
Catchline/Summary:
Reduces public purpose charge for retail electricity consumers within service areas of electric companies and Oregon Community Power. Reduces public purpose charge for retail electricity consumers within service areas of electric companies and Oregon Community Power. Modifies allocation of funds collected through public purpose charges.
Requires recovery in rates by electric company of funds necessary to plan for and pursue all available energy efficiency resources that are cost effective, reliable and feasible. Allows for credit against amounts recovered in certain circumstances.
Modifies reporting requirements for nongovernmental entity that is paid certain funds as directed by commission.
Requires Public Utility Commission to establish and update metrics for assessing, addressing and creating accountability for environmental justice in expenditure and investment of funds collected for certain purposes and paid to nongovernmental entity. Requires reporting by nongovernmental entity on progress in achieving equity metrics.
Takes effect on 91st day following adjournment sine die.
