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Lawmakers and experts back measure letting PUC adopt performance-based regulation for utilities
Summary
The Senate Committee on Energy and Environment heard testimony March 12 on Senate Bill 688, which would authorize the Oregon Public Utility Commission to develop and adopt a performance‑based regulatory framework for investor‑owned electric utilities.
The Senate Committee on Energy and Environment heard testimony on March 12 on Senate Bill 688, a measure that would authorize the Oregon Public Utility Commission to develop and adopt a framework for performance‑based regulation (PBR) of investor‑owned electric utilities.
Sponsor remarks: Senator Khan Pham, a sponsor of the bill, told the committee PBR would allow the PUC to tie utility compensation to measurable outcomes: "performance based regulation... tying financial incentives to actual performance outcomes that align with our policy goals," including affordability, resilience, safety, efficiency, clean electricity and reliability.
Why it matters: Proponents said Oregon’s traditional rate‑of‑return framework rewards capital expenditures and can misalign utilities’ financial…
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