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OR HB3540
Bill
Status
6/27/2025
Primary Sponsor
Bobby Levy
Click for details
AI Summary
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Establishes a single unified cost limit for electric utilities subject to both the renewable portfolio standard (RPS) and clean energy targets under ORS 469A.400 to 469A.475, rather than separate compliance cost caps
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Exempts utilities from further compliance with RPS and clean energy requirements when cumulative rate impact exceeds 6% of annual revenue requirement
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Maintains the existing 4% annual revenue requirement cap for utilities subject only to the renewable portfolio standard (not the clean energy targets)
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Allows the Public Utility Commission to grant narrowly tailored exemptions limited in duration when cost thresholds are exceeded
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Applies to compliance years beginning on or after the effective date of the Act
Legislative Description
Relating to the costs of compliance with electric energy standards for electric utilities.
Last Action
In committee upon adjournment.
6/27/2025