Oregon Public Utility Commission
Under state law, the Oregon Public Utility Commission oversees Energy Trust’s investment of utility customer funds in cost-effective energy –efficiency, renewable power programs. Its three members are appointed by the governor.
Stewardship of Customer Funds
The grant agreement signed between Energy Trust and the OPUC is the foundation for our wise investments of utility customer funds.
Our continuous accountability to the OPUC is demonstrated through:
- Quarterly and annual reports with financial statements
- Annual budgets and two-year action plans set in coordination with utilities and with community input
- Annual minimum performance measures
- Strategic plans updated every five years
- Management reviews conducted every five years by a third party
- Annual equity metrics
An OPUC commissioner also serves on our board of directors as an ex-officio, non-voting member, and OPUC staff are members of our advisory councils and select board committees.
Annual Minimum Performance Measures
The OPUC sets annual minimum performance measures to benchmark Energy Trust performance. For 2022, our performance measures direct us to:
- Deliver cost-effective electric and natural gas savings at low levelized costs
- Provide early-stage support for renewable energy projects and deliver renewable generation
- Report on NEEA and market transformation activities
- Spend less than 8% of annual revenues on administrative support costs
- Keep staffing expenditures low
- Receive an unmodified financial opinion
- Achieve high levels of customer satisfaction
- Achieve diversity, equity and inclusion targets