(1) An acquisition review committee created under ORS 757.814 may request that the Public Utility Commission transfer moneys appropriated under ORS 757.857 in order to fund any preliminary activities the committee undertakes to determine: (a) The appropriateness or desirability of an acquisition described in ORS 757.812 to 757.950; (b) The requirements and terms of the acquisition; and (c) Any due diligence activities related to the acquisition and the negotiations for the acquisition. (2) An acquisition review committee shall submit a budget and plan of operations with a request under subsection (1) of this section. The commission may approve the transfer only after notice and public hearing on the request. Note: See note under 757.812.
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