Oregon Utility Regulation Generally
The board of directors of Oregon Community Power shall establish rates for the provision of electricity within the service territory of Oregon Community Power using the procedure set forth under ORS 757.897 (Notice of ratemaking).
The board shall establish a rate structure under which rates that apply to a specific class of customers are designed to recover the costs of providing electricity and related services to that class of customers.
The rates adopted by the board shall be sufficient to accomplish the following purposes:
To properly maintain and operate all Oregon Community Power property and facilities;
To recover the overall costs of the electric utility operations of Oregon Community Power;
To reflect the income tax exempt status of Oregon Community Power so that the savings from tax exemption accrue to the benefit of the customers of Oregon Community Power;
To pay all franchise fees, in lieu payments, privilege taxes and other charges and assessments that are properly imposed on Oregon Community Power or the property or facilities of Oregon Community Power;
To pay any other indebtedness or obligation for which Oregon Community Power may be obligated to pay;
To pay any debt administration costs associated with bonds, warrants, obligations or other indebtedness described in paragraphs (e) and (f) of this subsection;
To fund operating reserves in sufficient amounts to ensure the continued efficient operation of Oregon Community Power; and
To establish and maintain any special funds that Oregon Community Power is obligated to create for the purpose of paying bond issues or other obligations. [2007 c.807 §22]Note: See note under 757.812 (Definitions for ORS 757.812 to 757.950).