summary
Introduced
01/13/2025
01/13/2025
In Committee
01/17/2025
01/17/2025
Crossed Over
Passed
Dead
Introduced Session
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: Makes the DCBS do a study on financial impacts of wildfire damages. Directs the DCBS to submit a report on its findings. (Flesch Readability Score: 61.0). Directs the Department of Consumer and Business Services to study certain financial impacts of wildfire damages. Directs the department to submit a report to the interim committees of the Legislative Assembly related to natural resources not later than September 15, 2026. Sunsets January 2, 2027.
AI Summary
This bill directs the Department of Consumer and Business Services (DCBS) to conduct a comprehensive study on the financial impacts of wildfire damages on electric utilities in Oregon. Specifically, the study will examine four key areas: the cost and accessibility of capital and insurance for electric utilities, the affordability of electricity for customers, the long-term financial stability of electric utilities in the state, and these utilities' future capacity to deliver electricity. The department is required to submit a report with its findings and potential legislative recommendations to the interim legislative committees focused on natural resources by September 15, 2026. The bill includes a sunset provision that automatically repeals the study requirement on January 2, 2027, meaning the study and reporting mandate will expire at that time. This bill appears aimed at understanding the broader economic consequences of wildfires on the electric utility sector in Oregon and potentially informing future policy decisions.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
Senate Energy and Environment Work Session (15:00:00 1/27/2025 HR C) (on 01/27/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB334 |
| SB 334 Preliminary SMS | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/288467 |
| IS_Impact SB 334 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/288466 |
| IS_Impact SB 334 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/CommitteeMeetingDocument/288465 |
| Fiscal Impact Statement for SB334 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/85279 |
| Revenue Impact Statement for SB334 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/85266 |
| Open Government Impact Statement for SB334 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/84531 |
| BillText | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB334/Introduced |
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