Oregon Statutes 469.810 – Conflicts of interest prohibited
(1) A Pacific Northwest Electric Power and Conservation Planning Council member or member of the council member’s household may not own or have any beneficial interest in any stock or indebtedness of any utility or direct service industry.
Terms Used In Oregon Statutes 469.810
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
(2) A council member or a member of the council member’s household may not be a director, officer, agent or employee of any utility or direct service industry.
(3) A council member or a member of the council member’s household may not be a director, officer, agent or employee of or hold any proprietary interest in any consulting firm that does business with any utility or direct service industry.
(4) A council member or a member of the council member’s household may not receive any compensation from any utility or direct service industry arising out of the member’s business, trade or profession.
(5) A council member is a public official subject to the provisions and reporting requirements of ORS Chapter 244.
(6) A council member must be a citizen of the United States and must have resided in the State of Oregon for at least one year preceding appointment.
(7) A council member may not hold any other elected or appointed lucrative public office or be principally engaged in any other business or vocation.
(8) As used in this section:
(a) ‘Beneficial interest’ does not include an interest in a pension fund, a mutual fund or an insurance fund.
(b) ‘Consulting firm’ means any corporation, partnership or sole proprietorship whose principal business is providing personal services.
(c) ‘Member of the household’ means any relative who resides with the council member.
(d) ‘Relative’ means the spouse of the council member, any children of the council member or of the council member’s spouse, and brothers, sisters or parents of the council member or of the council member’s spouse.
(e) ‘Utility or direct service industry’ means a utility or direct service industry customer that purchases electrical energy directly from the Bonneville Power Administration. [1981 c.49 § 3; 1987 c.566 § 23; 2007 c.865 § 38]