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2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 262 - Joint Operating Agencies for Electric Power
Section 262.095 - Rates for energy furnished by agency.
Universal Citation: OR Rev Stat § 262.095 (2021)
The board of directors shall establish rates and collect charges for electric power and energy and related services sold, furnished or supplied by the joint operating agency. Such rates and charges shall be fair, nondiscriminatory and at least adequate to provide revenues sufficient for:
(1) Payment of the principal of and interest on those obligations of the joint operating agency for which payment has not otherwise been provided;
(2) All payments which the agency is obligated to set aside in any special fund for the repayment of obligations and to provide reserves therefor;
(3) Payment of taxes as provided by ORS 262.105; and
(4) Payments for the proper administration, operation, maintenance, repair, renewals and replacements of utility properties of the joint operating agency and to provide reserves therefor. [1973 c.722 §10]
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