71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
HA to HB 3502
 
LC 3923/HB 3502-2
 
                       HOUSE AMENDMENTS TO
                         HOUSE BILL 3502
 
            By COMMITTEE ON SMART GROWTH AND COMMERCE
 
                             May 14
 
  On page 1 of the printed bill, line 6, after 'served ' insert
'at reasonable prices'.
  In line 8, after 'compete' delete the rest of the line and
insert 'for the'.
  In line 9, delete 'states for the financial'.
  In line 10, delete the third 'and' and insert 'now,
therefore,'.
  Delete lines 11 through 14.
  Delete lines 23 through 30 and insert 'service at fair and
reasonable rates. The commission shall balance the interests of
the utility investor and the consumer in establishing fair and
reasonable rates. Rates are fair and reasonable for the purposes
of this subsection if the rates provide adequate revenue both for
operating expenses of the public utility or telecommunications
utility and for capital costs of the utility, with a return to
the equity holder that is:
  ' (a) Commensurate with the return on investments in other
enterprises having corresponding risks; and
  ' (b) Sufficient to ensure confidence in the financial
integrity of the utility, allowing the utility to maintain its
credit and attract capital.'.
  On page 2, delete line 1.
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