2011 Oregon Revised Statutes
ORS Volume 11, Chapters 431 - 470
ORS Chapter 470
470.675 Cost eligibility for ratemaking purposes; loan repayment charges; change in property ownership benefited by loan.
(1) If a utility incurs reasonable costs in implementing an on-bill financing system that exceed any moneys received by the utility to assist in the implementation, the costs are legitimate costs for ratemaking purposes.
(2) A loan repayment charge for an energy efficiency and sustainable technology loan may include, but need not be limited to, the amount of the loan, interest on the loan and the cost incurred by the State Department of Energy to implement, promote and administer the energy efficiency and sustainable technology loan program.
(3) The amount of an energy efficiency and sustainable technology loan repayment and any moneys received by a utility to assist in the implementation of an on-bill financing system are not gross revenue for purposes of calculating franchise fees or other regulatory assessments.
(4) If there is a change in ownership or other interest in property benefited by an energy efficiency and sustainable technology loan, and the loan relies on an on-bill financing system for collection of the loan repayment charge, the utility shall transfer the loan repayment charge to the utility customer account of the person acquiring the ownership or other interest in the property. [2009 c.753 35]
(Repayment and Liens)
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