Or. Admin. R. 150-308-0590 - Allocation of Centrally Assessed Electric Company Property Value

Current through Register Vol. 61, No. 4, April 1, 2022

Electric companies. The value of the Oregon portion of a unit of property used by a company operating both within and without this state in the business of distributing electricity shall be allocated to this state by multiplying the total value of the unit by a percentage, which shall be the sum of the Oregon production plant percentage, the Oregon distribution plant percentage and the Oregon other plant percentage.

(1) The Oregon production plant percentage shall be the ratio the total original cost of the production plant of the unit bears to the total original cost of the unit times the sum of:
(a) The ratio the Oregon portion of the original cost of the production plant bears to the total unit original cost of the production plant times 75 percent;
(b) The ratio the Oregon portion of the unit's capacity to generate electricity, measured in kilowatts, bears to the unit's total capacity to generate electricity times 10 percent; plus
(c) The ratio the Oregon portion of the unit's total energy generation during the prior year, measured in megawatt hours, bears to the unit's total energy generation during the prior year times 15 percent.
(2) The Oregon distribution plant percentage shall be the ratio the total original cost of distribution plant of the unit bears to the total original cost of the unit times the sum of:
(a) The ratio the Oregon portion of the original cost of distribution plant bears to the total unit original cost of distribution plant times 50 percent;
(b) The ratio the Oregon portion of the unit's energy production sold in the prior year, measured in kilowatt hours, bears to the unit's total energy production sold times 10 percent; plus
(c) The ratio the Oregon portion of the unit's revenue generated from the sale of energy for the prior year bears to the unit's total revenue generated from the sale of energy for the prior year times 40 percent.
(3) The Oregon other plant percentage shall be the ratio the original cost of the remaining plant of the unit bears to the total original cost of the unit times the ratio the Oregon portion of the original cost of the remaining plant bears to the total original cost of the remaining plant of the unit.

Notes

Or. Admin. R. 150-308-0590
RD 6-1994, f. 12-15-94, cert. ef. 12-30-94; Renumbered from 150-308.550(2)-(C), REV 59-2016, f. 8-13-16, cert. ef. 9/1/2016

Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 308.550

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