ORS 757.812 Definitions for ORS 757.812 to 757.950 Text Annotations As used in ORS 757.812 (Definitions for ORS 757.812 to 757.950) to 757.950 (Authorization to issue and sell revenue bonds): (1)“Board” means the board of directors of Oregon Community Power. (2)“Incumbent utility” means an investor-owned utility that is the subject of a transaction described in ORS 757.814 (Creation of acquisition review committee). (3)“Investor-owned utility” means a utility that sells electricity and that is operated by a corporation with shareholders. (4)“Rate” has the meaning given that term in ORS 756.010 (Definitions). (5)“Service” has the meaning given that term in ORS 756.010 (Definitions). (6)“Service territory” means the geographic area within which a utility provides electricity to customers. [2007 c.807 §1] Note: 757.812 (Definitions for ORS 757.812 to 757.950) to 757.954 (City’s authority to control and collect charges for use of rights of way) were enacted into law by the Legislative Assembly but were not added to or made a part of ORS chapter 757 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.