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Authorizes rates giving utilities return on investments in retired property. RESULT OF "YES" VOTE: "Yes" vote authorizes rates giving utilities return on undepreciated investments in certain retired utility property. RESULT OF "NO" VOTE: "No" vote rejects authorizing rates giving utilities return on undepreciated investments in certain retired property. PEAPAC Explanation: If passed, Measure 90 would let the PUC (Public Utility Commission) set rates that would let public utilities receive a profit on property that is not currently being used to provide services to customers. This Measure, referred by the Legislature, is part of the continuing saga of PGE’s Trojan nuclear plant. It seems to us a bailout plan for PGE, which we oppose. PGE did get a rather raw deal in the long and highly political struggle over Trojan’s safety. But this law would open a door for ratepayer-financed bailouts for poor business decisions of public utilities. Biblical law (Ex. 21:33,34) says that a man who leaves an open pit that causes harm to others is responsible for covering the pit, and for any damages. In our view, Measure 90 transfers responsibility for open pits to those who did not create them – ratepayers. We ask you to vote No on Measure 90. This voters' guide produced by Parents Education Association, PAC. |
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© 2002 PEAPAC All rights reserved. P.O. Box 847 Canby, OR 97013 ~ Voice: (503) 263-8337 ~ Fax: (503) 263-7438 ~ E-mail: ElderDT@aol.com Website designed by Frogs and Flies Designs. |
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