Salem, OR – Governor Kotek today signed House Bill 3546—the POWER Act—into law. This marks a significant victory for Oregon families and businesses, as this landmark legislation empowers Oregon’s Public Utility Commission to establish separate rate classes for high energy use facilities, primarily data centers, ensuring that high-energy commercial users pay their fair share rather than passing costs onto everyday ratepayers.
“Hard-working Oregon families who earn their paychecks and pay their bills each month shouldn’t have to subsidize the massive energy consumption of for-profit data centers through higher utility bills. The POWER Act ensures fairness and accountability in Oregon’s energy system,” said Kyle Herrig, Spokesperson for Unlocking America’s Future. “Requiring fairness, transparency and appropriate cost allocation in utility bills should be something every lawmaker can get behind, and we encourage other states to follow Oregon’s lead.”
Why Responsible Investing Matters for Oregon’s Economy:
- Lower Costs for Families: Responsible investments often prioritize long-term sustainability that reduces costs over time, from energy-efficient infrastructure to climate-resilient development.
- Increased Competitiveness: Many companies headquartered or operating in Oregon already incorporate responsible investing factors to remain competitive globally and attract investment capital.
- Job Creation: The transition to sustainable technologies creates new, high-paying jobs in renewable energy, water conservation, and other future-focused industries critical to Oregon’s growth.
- Risk Management: Considering environmental and social factors helps investors avoid costly risks, protecting retirement savings for public employees and state investments.
To speak with a business leader or UAF spokesperson about this legislation, please email us at press@unlockingamericasfuture.org.
