When a district acquires from an investor owned utility, by eminent domain or otherwise, facilities for the distribution of energy within an affected territory, the district shall compensate the owner of the facilities, in addition to any other amounts otherwise due, an amount equal to the replacement value of the investor owned utility’s unreimbursed investment in energy efficiency measures and installations within the affected territory.
ORS 261.327
Known as the People’s Utility District Law
The act spans §§ 261–261 (107 sections).
1991 c.358 §7
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.