Oregon Statutes 470.670 – Repayment requirement for customer served by electric utility and gas utility
Current as of: 2023 | Check for updates
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If a customer is served by both an electric utility and a gas utility that both have an on-bill financing system, a loan repaid through on-bill financing shall be repaid through the on-bill financing system of the utility that supplies the customer’s primary source of heat for the property. [2009 c.753 § 34]
Terms Used In Oregon Statutes 470.670
- Loan: includes the purchase or other acquisition of evidence of indebtedness and money used for the purchase or other acquisition of evidence of indebtedness. See Oregon Statutes 470.050
- On-bill financing: means a mechanism for collecting the repayment of an energy efficiency and sustainable technology loan through a utility customer account billing system. See Oregon Statutes 470.050