Oregon Senate Bill 802 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Committee Bill
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Authorizes public utility, upon approval by Public Utility Commission, to issue bonds and securitize debt for costs and expenses incurred or to be incurred by public utility associated with events subject to federal or state declaration of emergency. Authorizes public utility, upon approval by Public Utility Commission, to issue bonds and securitize debt for costs and expenses incurred or to be incurred by public utility associated with events subject to federal or state declaration of emergency. Establishes criteria and procedures for commission for approving public utility's application to designate rate recovery expenditures as bondable and establish rate schedules to recover rate recovery expenditures. Pledges State of Oregon to not limit or alter collection of rate recovery assets or impair rate recovery bonds. Prohibits State of Oregon, public body or commission from limiting or altering collection of rate recovery assets or impairing rate recovery bonds. Declares emergency, effective on passage.

Relating to the securitization of public utility expenditures other than expenditures for generation asset retirement; declaring an emergency.

Senate Energy and Environment Committee

Date	Chamber	Action
2023-06-25	Senate	In committee upon adjournment.
2023-02-02	Senate	Referred to Energy and Environment.
2023-01-31	Senate	Introduction and first reading. Referred to President's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/SB802
Text	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureDocument/SB802/Introduced
Supplement	https://olis.oregonlegislature.gov/liz/2023R1/Downloads/MeasureAnalysisDocument/73583