Oregon Administrative Rules › Chapter 860 - PUBLIC UTILITY COMMISSION › Division 27 - BUDGETS, FINANCE, ACCOUNTING AND ANNUAL REPORTS › Section 860-027-0041 - Information Required for Utility Goods or Services Provided to Affiliated Interests

Current through Register Vol. 63, No. 7, July 1, 2024
(1) Except
			 as provided in section (4) of this rule, this rule applies to any energy or
			 large telecommunications seeking to provide or contracting to provide, directly
			 or indirectly, to any person or corporation having an affiliated interest as
			 defined in ORS 757.015 or
			 759.010 or any corporation
			 defined in 757.490(1) or
			 759.385(1),
			 service, advice, auditing, accounting, sponsoring, engineering, managing,
			 operating, financing, legal, or other services, or enter revenues or credits
			 therefore on its books. This rule does not apply to transactions subject to
			 757.490,
			 757.495,
			 759.385, or
			 759.390 and OAR
			 860-027-0040.
(2) An energy or
			 large telecommunications utility's failure to submit this required information
			 shall not limit the Commission's authority to recognize or impute revenues to
			 the utility pursuant to such contract in any rate valuation or other hearing or
			 proceeding.
(3) For transactions
			 provided in section (1) of this rule, every energy or large telecommunications
			 utility shall submit to the Commission, in the manner and form indicated, the
			 following information:
(a) Its exact name and
			 the address of its principal business office;
(b) The name of the person authorized on the
			 energy or large telecommunications utility's behalf to receive notices,
			 inquiries, and communications regarding the information;
(c) A statement describing the relationship
			 between the energy or large telecommunications utility and the other
			 contracting entity as defined by ORS
			 757.015, ORS
			 757.490, ORS
			 759.010, or ORS
			 759.385;
(d) The pecuniary interest, directly or
			 indirectly, of any officer or director who is a party to the
			 contract;
(e) A description of the
			 goods or services to be provided, the costs incurred in providing those goods
			 or services, the market value of the goods or services if different from the
			 costs, and the method or methods proposed for pricing those goods or
			 services;
(f) An estimate of the
			 amount the energy or large telecommunications utility will receive annually for
			 the goods or services and the accounts in which it will record the
			 payments;
(g) The reasons relied
			 upon by the energy or large telecommunications utility for providing the
			 proposed goods or services and the benefits, if any, utility customers and the
			 general public will derive from the provision of goods or services;
(h) A copy of the contract or agreement
			 between the energy or large telecommunications utility and the contracting
			 entity that is the subject of this filing; and
(i) Copies of all resolutions of directors of
			 the energy or large telecommunications utility authorizing the proposed
			 transactions and, if approval of the utility's stockholders was obtained,
			 copies of the resolutions approved by the stockholders.