The Legislative Assembly finds and declares that, consistent with the transmission planning requirements provided for by the Federal Energy Regulatory Commission, it shall be the policy position of the State of Oregon that any regional transmission planning processes conducted for the transmission planning regions that wholly or partly encompass any areas of this state shall adequately consider the transmission of electricity from ocean renewable energy generated within Oregon’s territorial sea, as defined in ORS 196.405, or within adjacent federal waters.
(2) An investor-owned utility that sells more than two million megawatt hours of electricity in a calendar year shall report to the Legislative Assembly no later than January 15 of the following year to inform the Legislative Assembly of activities, including plans or preparations, that the investor-owned utility has taken or is taking toward participating in a regional energy market.
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