OR HB3609

Requires each electric company to develop a distributed power plant program for procuring grid services from customer-owned distributed energy resources, including battery storage, load control devices, and electric vehicles

Eligible grid services for compensation include system-wide peak load reduction, local peak demand reduction, zero emission electricity provision, transmission/distribution upgrade deferral, voltage support, and emergency services

Customers may enroll directly or through third-party aggregators, receiving upfront payments and performance compensation without requirements for additional meters, security deposits, or collateral

Public Utility Commission must adopt five-year procurement targets with annual increases and performance incentives (including potential financial penalties) for electric companies meeting or missing targets

Electric companies must file initial programs within 120 days of the effective date, with the act taking effect on the 91st day following adjournment sine die of the 2025 legislative session