Oregon Authorizes Rates Giving Utilities Return On Investments In Retired Property, Ballot Measure 90 (2000)
This measure failed November 2000 General Election, which means the House Bill will not take effect.
Authorizes Rates Giving Utilities Return On Investments In Retired Property
The Portland General Electric Company issued a statement of support for the measure, saying, "Portland General Electric (PGE), the Citizens' Utility Board of Oregon (CUB) and the staff of the Oregon Public Utility Commission (OPUC) have resolved a major cost issue involving the retired Trojan plant. The plan, if approved by the Commission, will save PGE customers a $10.2 million in the first year. The agreement provides a way to take all of the remaining Trojan investment off the books, so that consumers will no longer pay for PGE's investment in Trojan through their monthly electric bills. To retire this investment, PGE would apply amounts it has on its books as credits to customers over time, plus a substantial contribution from its shareholders, to the remaining Trojan balance"
 Supporters reminded voters that in 1978, Oregon voters passed a ballot initiative to prohibit utility companies from charging customers for facilities that are not presently being used to provide service to customers, which Measure 90 seeks to overturn. They argued that the measure means increased electricity rates. Many believed that HB 3220 should have never been passed despite the already voter-approved law.
Some of those opposed are:
- AARP Oregon
- Ralph Nader and the Pacific Green Party
- Citizens' Utility Board of Oregon
- Utility Reform Project