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Multnomah County commits to study financial assurances for CEI hub, urges state coordination on risk-bond bill
Summary
The board passed a resolution directing county departments to investigate feasibility of requiring financial assurances from Critical Energy Infrastructure (CEI) hub operators. Advocates urged the county to support the state risk-bond bill (HB 4100-3), which would set deadlines and rulemaking seats for local governments.
The Multnomah County Board of Commissioners unanimously adopted a resolution directing county staff to investigate how the county could require financial assurances from operators of the Critical Energy Infrastructure (CEI) hub.
Presenters said the CEI hub holds more than 90% of Oregon's liquid fuel in a cluster they described as roughly 630 tanks with a cited maximum capacity of about 350,600,000 gallons. Hayden Farris, policy director for Commissioner Moyer, told the board that a major Cascadia Subduction Zone earthquake could cause ruptures and releases at the hub with regional-scale public-health and emergency-response consequences, and…
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