71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 1960
 
                           A-Engrossed
 
                         House Bill 2630
                Ordered by the House February 23
          Including House Amendments dated February 23
 
Sponsored by Representative HILL (at the request of PacifiCorp)
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure.
 
  Allows public utility to file balance sheet and other
information with Public Utility Commission at end of fiscal year
adopted by utility.  { + Authorizes commission to require filing
of additional information on calendar year basis. + }
 
                        A BILL FOR AN ACT
Relating to public utilities; creating new provisions; and
  amending ORS 757.135.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. ORS 757.135 is amended to read:
  757.135. (1)  { + Except as provided in subsection (2) of this
section, + } the accounts  { + required under ORS 757.120 and
757.125 + } shall be closed annually on December 31 and a balance
sheet of that date promptly taken therefrom. On or before April 1
following, such balance sheet, together with such other
information as the Public Utility Commission shall prescribe,
verified by an officer of the public utility, shall be filed with
the commission.
   { +  (2) If a public utility maintains its accounts and
records on a fiscal year basis, the accounts required by ORS
757.120 and 757.125 shall be closed annually on the last day of
the fiscal year and a balance sheet shall be promptly taken from
those accounts. On or before the first day of the fourth month
following the end of the public utility's fiscal year, the
balance sheet together with such information as the commission
shall prescribe must be verified by an officer of the public
utility and filed with the commission. The commission may require
that a public utility filing information at the time specified in
this subsection also file with the commission on a calendar year
basis such additional information as may be prescribed by the
commission. + }
    { - (2) - }  { +  (3) + } The commission may examine and
audit any account.  Items shall be allocated to the accounts in
the manner prescribed by the commission.
  SECTION 2.  { + Any public utility that maintains its accounts
and records on a fiscal year basis and that is required to file a
balance sheet with the Public Utility Commission under the
provisions of ORS 757.135 (1999 Edition) on or before April 1,
2002, must also file a balance sheet together with such
information as the commission may prescribe under the provisions
of ORS 757.135, as amended by section 1 of this 2001 Act, on or
before the first day of the fourth month following the end of the
public utility's fiscal year in 2002. + }
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