Oregon Statutes 469A.075 – Electric company plan for meeting requirements; commission review; rules
(1) An electric company that is subject to a renewable portfolio standard shall describe the electric company’s plan for meeting the requirements of the renewable portfolio standard as part of the electric company’s integrated resource plan filed with the Public Utility Commission.
(2) At a minimum, a plan for meeting the requirements of the renewable portfolio standard must contain:
(a) Annual targets for acquisition and use of qualifying electricity; and
(b) The estimated cost of meeting the annual targets, including the cost of transmission, the cost of firming, shaping and integrating qualifying electricity, the cost of alternative compliance payments and the cost of acquiring renewable energy certificates.
(3) The commission shall review a plan for meeting the requirements of the renewable portfolio standard and take appropriate action as part of the procedure for acknowledgment of an electric company’s integrated resource plan.
(4) The commission shall adopt rules:
(a) Establishing requirements for the content of plans for meeting the requirements of the renewable portfolio standard;
(b) Providing for the least-cost, least-risk acquisition of resources; and
(c) Providing for the evaluation of competitive bidding processes that allow for diverse ownership of renewable energy sources that generate qualifying electricity.
(5) A plan for meeting the requirements of the renewable portfolio standard may include procedures that will be used by the electric company to determine whether the costs of constructing a facility that generates electricity from a renewable energy source, or the costs of acquiring bundled or unbundled renewable energy certificates, are consistent with the renewable portfolio standards of the commission relating to least-cost, least-risk planning for acquisition of resources. [2007 c.301 § 11; 2016 c.28 § 6; 2023 c.54 § 1]
(Cost Limitation)