1. (1)

   1. (a) For the purposes of verifying emissions and determining compliance with the clean energy targets set forth in ORS 469A.410, the Department of Environmental Quality shall determine:

      1. (A) For each electric company, the electric company’s baseline emissions level; and
      2. (B) For each retail electricity provider, the amount of emissions reduction necessary for the retail electricity provider to meet the clean energy targets set forth in ORS 469A.410.
   2. (b) The department shall use the method of measuring greenhouse gas emissions set forth in ORS 468A.280 to verify the projected greenhouse gas emissions reductions forecasted in a clean energy plan of an electric company or the information provided by an electricity service supplier under subsection (3) of this section.
   3. (c) The department shall report the department’s findings under paragraph (b) of this subsection to the Public Utility Commission and the electric company seeking acknowledgement of a clean energy plan by the commission.

2. (2) The Public Utility Commission shall acknowledge the clean energy plan if the commission finds the plan to be in the public interest and consistent with the clean energy targets set forth in ORS 469A.410. In evaluating whether a plan is in the public interest, the commission shall consider:

   1. (a) Any reduction of greenhouse gas emissions that is expected through the plan, and any related environmental or health benefits;
   2. (b) The economic and technical feasibility of the plan;
   3. (c) The effect of the plan on the reliability and resiliency of the electric system;
   4. (d) Availability of federal incentives;
   5. (e) Costs and risks to the customers; and
   6. (f) Any other relevant factors as determined by the commission.

3. (3) In addition to the emissions report required under subsection (4) of this section, an electricity service supplier shall report to the commission:

   1. (a) An estimate of annual greenhouse gas emissions associated with electricity sold by the electricity service supplier to retail electricity consumers for the current year and following three years;
   2. (b) Annual goals set by the electricity service supplier for actions described under paragraph (c)(A) of this subsection, including a projected reduction of annual greenhouse gas emissions associated with the electricity sold to retail electricity consumers by the electricity service supplier;

   3. (c) Other information necessary, as determined by the commission, to demonstrate the electricity service supplier’s anticipated ability to meet the clean energy targets set forth in ORS 469A.410, including:

      1. (A) Actions to make continual progress toward meeting the clean energy targets that are consistent with providing affordable, reliable, and clean electricity service; and
      2. (B) Anticipated actions to facilitate rapid reductions of greenhouse gas emissions at reasonable costs to retail electricity consumers served by the electricity service supplier; and
   4. (d) The commission shall review the information supplied by an electricity service supplier under this subsection for the purposes of determining whether the electricity service supplier is making continual and reasonable progress toward compliance with the clean energy targets set forth in ORS 469A.410.

4. (4)

   1. (a) A retail electricity provider shall report annual greenhouse gas emissions associated with the electricity sold to retail electricity consumers by the retail electricity provider to the Department of Environmental Quality in the manner set forth under ORS 468A.280, or rules adopted pursuant thereto.
   2. (b) The Public Utility Commission shall use the greenhouse gas emissions reported to the department under paragraph (a) of this subsection and provided to the commission to determine whether or not the retail electricity provider has met the clean energy targets set forth in ORS 469A.410.

[2021 c.508 §5]