Oregon Statutes 261.241 – Membership in electric cooperative or limited liability corporation
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A people’s utility district may become a member of an electric cooperative, or of a limited liability company, for the purposes of planning, financing, constructing, acquiring, operating, owning or maintaining property used for the generation and associated transmission of electricity within or outside this state. A district may not become a stockholder in, or lend the credit of the district to, an electric cooperative or a limited liability company. If a district becomes a member of an electric cooperative or of a limited liability company, the district may not exercise the power of eminent domain for the benefit of the electric cooperative or limited liability company. [2007 c.301 § 35 and 2007 c.895 § 6]
Terms Used In Oregon Statutes 261.241
- district: means an incorporated people's utility district, created under the provisions of this chapter. See Oregon Statutes 261.010
- Electric cooperative: means a cooperative corporation owning and operating an electric distribution system. See Oregon Statutes 261.010
- Utility: means a plant, works or other property used for development, generation, storage, distribution or transmission of electricity, or development or transmission of water for domestic or municipal purposes, but transmission of water shall not include water for irrigation or reclamation purposes, except as secondary to and when used in conjunction with a hydroelectric plant. See Oregon Statutes 261.010