Became law as Chapter 529, Oregon Laws 2023, signed July 31, 2023, 186 days after it was filed. In force from July 31, 2023.
2023 Regular Session
House Bill 3143
Authorizes public utility, upon approval by Public Utility Commission, to issue bonds and securitize debt for costs and expenses incurred or to be incurred by public utility associated with events subject to federal or state declaration of emergency.
What it does
The synopsis the Legislative Assembly published with the bill.
Authorizes public utility, upon approval by Public Utility Commission, to issue bonds and securitize debt for costs and expenses incurred or to be incurred by public utility associated with events subject to federal or state declaration of emergency. Establishes criteria and procedures for commission for approving public utility's application to designate rate recovery expenditures as bondable and establish rate schedules to recover rate recovery expenditures. Requires commission to issue financing order if commission approves public utility's application. Requires financing order to include certain provisions. Permits public utility, finance subsidiary or assignee to grant security interest in rate recovery assets as collateral for rate recovery bonds. Establishes requirements and procedures for attaching and perfecting security interest and for perfecting transfer of rate recovery assets to assignee. Limits rights and remedies of secured party in enforcing secured interest to rate recovery assets. Declares that State of Oregon and all public bodies pledge and agree with public utilities, assignees, bondholders and financing parties to not reduce, alter or impair rate recovery assets, rate recovery bonds or security for rate recovery bonds, or rate recovery charges or collection of rate recovery charges. Declares emergency, effective on passage.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
Its course
January 26 to August 15, 2023, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action26 actions on 23 days
In the House of RepresentativesJan 26 to Apr 1377 days
Waiting for a committeeJan 26 to Jan 304 days
Climate, Energy, and EnvironmentJan 30 to Apr 666 days
In the SenateApr 13 to Jun 2169 days
Waiting for a committeeApr 13 to Apr 196 days
Energy and EnvironmentApr 19 to May 1223 days
Back in the House of RepresentativesJun 21 to Jun 254 days
With the GovernorJun 25 to Jul 3136 days
Votes
Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.
House of Representatives, third reading52–0
Passed · Apr 13 · 8 present
Senate, third reading24–0
Passed · Jun 21 · 6 present
House of Representatives, concurrence52–1
Agreed to the other chamber's changes · Jun 23 · 7 present
Amendments
Each amendment offered, and what became of it.
House of Representatives committee amendmentAdopted
Adopted Apr 6
Senate committee amendmentAdopted
Adopted May 12
Text
Each version as the Legislative Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.
In the House of Representatives Jan 26 – Apr 13
- Jan 26Introduced
- Jan 30Sent to Climate, Energy, and Environment
- Mar 15Heard in Climate, Energy, and Environment
- Apr 3Heard in Climate, Energy, and Environment
- Apr 6Climate, Energy, and Environment recommended it as amended
- Apr 10Read a second time
- Apr 13Passed the House of Representatives, 52 to 0
In the Senate Apr 17 – Jun 21
- Apr 17Arrived in the Senate
- Apr 19Sent to Energy and Environment
- May 4Heard in Energy and Environment
- May 9Heard in Energy and Environment
- May 12Energy and Environment recommended it as amended
- Jun 15Read a second time
- Jun 21Passed the Senate, 24 to 0
Back in the House of Representatives Jun 23 – Jun 25
- Jun 23The House of Representatives agreed to the Senate's amendments and passed it again, 52 to 1
- Jun 25Signed in the House of Representatives
To the Governor Jun 27 – Aug 15
- Jun 27Signed in the Senate
- Jul 31Signed by the Governor
- Aug 15Became chapter 529 of Oregon Laws 2023, in force from July 31, 2023
All 26 actions, as published
- Jan 26First reading. Referred to Speaker's desk.House of Representatives
- Jan 30Referred to Climate, Energy, and Environment.House of Representatives
- Mar 15Public Hearing held.House of Representatives
- Apr 3Work Session held.House of Representatives
- Apr 6Recommendation: Do pass with amendments and be printed A-Engrossed.House of Representatives
- Apr 10Second reading.House of Representatives
- Apr 10Rules suspended. Carried over to April 11, 2023 Calendar.House of Representatives
- Apr 11Rules suspended. Carried over to April 12, 2023 Calendar.House of Representatives
- Apr 12Rules suspended. Carried over to April 13, 2023 Calendar.House of Representatives
- Apr 13Third reading. Carried by Levy E. Passed.House of Representatives
- Apr 17First reading. Referred to President's desk.Senate
- Apr 19Referred to Energy and Environment.Senate
- May 4Public Hearing held.Senate
- May 9Work Session held.Senate
- May 12Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.)Senate
- Jun 15Second reading.Senate
- Jun 16Carried over to 06-20 by unanimous consent.Senate
- Jun 20Carried over to 06-21 by unanimous consent.Senate
- Jun 21Third reading. Carried by Golden. Passed.Senate
- Jun 21Girod declared potential conflict of interest.Senate
- Jun 21Vote explanation(s) filed by Hansell.Senate
- Jun 23House concurred in Senate amendments and repassed bill.House of Representatives
- Jun 25Speaker signed.House of Representatives
- Jun 27President signed.Senate
- Jul 31Governor signed.House of Representatives
- Aug 15Chapter 529, (2023 Laws): Effective date July 31, 2023.House of Representatives