Oregon SB1526 directs the State Department of Energy to apply for grants to form a nonprofit entity for clean energy and resilience projects.

Oregon SB1526 requires the State Department of Energy to apply for grant moneys to cover the costs of forming a nonprofit entity. This entity will finance clean energy and resilience projects, focusing on energy generation, transmission, production, storage, and greenhouse gas emissions reduction. The nonprofit must have a charter requiring a supermajority for changes and report annually to the Legislative Assembly. The Oregon Business Development Department will explore agreements to provide financing to the nonprofit.

Oregon SB1526 directs the State Department of Energy to apply for grants to form a nonprofit entity for clean energy and resilience projects.

Oregon SB1526 requires the State Department of Energy to apply for grant moneys to cover the costs of forming a nonprofit entity. This entity will finance clean energy and resilience projects, focusing on energy generation, transmission, production, storage, and greenhouse gas emissions reduction. The nonprofit must have a charter requiring a supermajority for changes and report annually to the Legislative Assembly. The Oregon Business Development Department will explore agreements to provide financing to the nonprofit.