Oregon Revised Statutes

Or. Rev. Stat. § 225.250 (2026)

Application of earnings

✓ current as of May 2026

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225.250 Application of earnings. The earnings of the electric plant or distributing system shall be applied and used in payment of warrants and interest thereon issued in connection with operation of any such plant or system, and also in payment for alterations, improvements, additions or extensions and for redemption and retirement of outstanding bonds, together with interest thereon, and shall be expended only in connection with and for improving such plant or system and not for other municipal purposes, except as otherwise provided in ORS 225.270.

Notes of Decisions

Cited in 2 cases, 1972–1981 · leading case: Nicoll v. City of Eugene, 628 P.2d 1213 (Or. Ct. App. 1981).

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Nicoll v. City of Eugene, 628 P.2d 1213 (Or. Ct. App. 1981). · cites it 4× “ORS 225.250 (discussed infra). If plaintiff’s theory is that, as a matter of law, a publically-operated utility necessarily impairs its contract with customers by expanding or adding to existing operations in ways which do not affect the delivery of existing services, we…”

Porter v. Tiffany, 502 P.2d 1385 (Or. Ct. App. 1972). · cites it 2× “” The purposes for which EWEB’s earnings may be expended are circumscribed by ORS 225.250, 225.270, and the provisions of the charter of the city of Eugene.”

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