(1) An acquisition review committee created under ORS § 757.814 may request that the Public Utility Commission transfer moneys appropriated under ORS § 757.857 in order to fund any preliminary activities the committee undertakes to determine:

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(a) The appropriateness or desirability of an acquisition described in ORS § 757.812 to 757.950;

(b) The requirements and terms of the acquisition; and

(c) Any due diligence activities related to the acquisition and the negotiations for the acquisition.

(2) An acquisition review committee shall submit a budget and plan of operations with a request under subsection (1) of this section. The commission may approve the transfer only after notice and public hearing on the request. [2007 c.807 § 14]

See note under 757.812.