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Panel backs SB 688 to let PUC pilot performance-based regulation for electric utilities
Summary
The Natural Resources subcommittee voted to adopt an amendment and move Senate Bill 688 to the full Ways and Means committee. The bill authorizes the Public Utility Commission to develop a performance-based regulation framework for investor‑owned electric utilities and funds staff and consulting support.
The Natural Resources subcommittee voted June 11 to adopt an amendment and forward Senate Bill 688, which would authorize the Oregon Public Utility Commission to implement a performance‑based regulation framework for electric companies that are not consumer‑owned utilities.
The bill would allow the PUC to use incentives or penalties to align utility performance with policy goals such as reducing emissions, improving reliability, supporting low‑income customers and controlling costs. The PUC would hire one permanent full‑time utility analyst 3 and be provided a onetime…
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