Print Page   |   Sign In
News & Press: Latest News

Oregon's largest utilities agree to clean energy plan

Thursday, January 7, 2016   (0 Comments)
Posted by: Elizabeth Peters
Share |
Oregon’s biggest electric utilities have reached an agreement with environmental groups that would transition Oregon off coal power and double renewable energy use, reported the Statesman Journal newspaper. The agreement heads off what would have been a November ballot measure campaign.
 

Key components of the agreement:

 

  • Electricity provided to customers of PGE and Pacific Power would be essentially coal-free by 2030.         
  • The Renewable Portfolio Standard, which requires the two utilities to meet 25 percent of their demand with renewable energy by 2025, would gradually be increased to 50 percent by 2040. A "safety valve" is included to support grid reliability. 

The agreement applies only to Portland General Electric and Pacific Power, which together provide about 70 percent of the state's electricity. It will not change existing requirements for consumer-owned utilities such as Salem Electric. 

 

Customers of the two utilities will continue to be protected by the state's four percent incremental cost cap--which means that utilities won't have to add renewables to their portfolios if the cost to consumers is 4 percent or higher than the cost of developing non-renewables.

 

Read the full story »

 

 

The agreement applies only to Portland General Electric and Pacific Power, which together provide about 70 percent of the state's electricity. It will not change existing requirements for consumer-owned utilities such as Salem Electric. The agreement heads off a November ballot measure campaign.


Association Management Software Powered by YourMembership  ::  Legal