Oregon Returns on Investments for Utilities, Measure 90 (2000)

From Ballotpedia
Jump to: navigation, search
Voting on Utilities
Utilities.jpg
Ballot Measures
By state
By year
Not on ballot
Oregon
LawsHistory
List of measures

The Oregon Returns on Investments for Utilities Act, also known as Measure 90, was on the November 7, 2000 ballot in Oregon as a veto referendum, where it was defeated, thus overturning the legislation. The measure would have allowed public and telecommunications utilities to set rates at levels giving utilities returns on their undepreciated investments in property retired from service.[1]

Election results

Oregon Measure 90 (2000)
ResultVotesPercentage
Defeatedd No1,208,54588.39%
Yes 158,810 11.61%

Election results via: Oregon Blue Book

Ballot title

Authorizes Rates Giving Utilities Return On Investments In Retired Property[2]

Support

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"[3]

Opposition

[4] 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

See also

BallotpediaAvatar bigger.png
Suggest a link

External links

References


BallotMeasureFinal badge.png
This historical ballot measure article requires the text of the measure to be added to the page.