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Supporters tell Senate committee SB 688 would push utilities toward performance-based regulation
Summary
Witnesses told the Senate Committee on Energy and Environment that Senate Bill 688 would require the Oregon Public Utility Commission to design a performance-based regulatory framework for electric utilities by Jan. 2, 2027; testimony cited interconnection delays for rooftop and community solar and urged stronger mandates and funding.
Senate Bill 688 would direct the Oregon Public Utility Commission to adopt a framework, by Jan. 2, 2027, for performance-based regulation of electric utilities, and proponents told the Senate Committee on Energy and Environment on March 17 that the change is needed to align utility incentives with customer and clean-energy goals.
The bill, as summarized for the committee, includes several proposed amendments: a “-1” amendment that makes certain required actions permissive and would appropriate $1,500,000 from the General Fund; a “-2” amendment that is similar but appropriates $500,000; and a “-3” amendment that would limit the act to electric companies.
Why it matters: Supporters said Oregon’s traditional cost-of-service regulation bases…
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