The board of directors shall establish rates and collect charges for electric power and energy and related services sold, furnished or supplied by the joint operating agency. Such rates and charges shall be fair, nondiscriminatory and at least adequate to provide revenues sufficient for: (1) Payment of the principal of and interest on those obligations of the joint operating agency for which payment has not otherwise been provided; (2) All payments which the agency is obligated to set aside in any special fund for the repayment of obligations and to provide reserves therefor; (3) Payment of taxes as provided by ORS 262.105; and (4) Payments for the proper administration, operation, maintenance, repair, renewals and replacements of utility properties of the joint operating agency and to provide reserves therefor. MISCELLANEOUS
‹ Prev All Oregon sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.