Unless the exemption provided by ORS § 469A.055 (1) terminated for the consumer-owned utility pursuant to ORS § 469A.055 (5), a consumer-owned utility described in ORS § 469A.052 (2) that is subject to the large utility renewable portfolio standard described in ORS § 469A.052 (3) may use, notwithstanding ORS § 469A.145 (1), unbundled renewable energy certificates, including banked unbundled renewable energy certificates, to meet:

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(1) Up to 100 percent of the standard described in ORS § 469A.052 (3)(a); and

(2) Up to 75 percent of the standard described in ORS § 469A.052 (3)(b) or (c). [2014 c.100 § 2]