---
type: "Bill"
title: "Relating to performance-based regulation of electric utilities."
description: "</b> </i>] Allows the Public Utility Commission to adopt a framework for carrying out performance-based regulation of electric companies and use incentives and penalties to induce electric companies to bring electric utility operations in line with the public interest and certain objectives. Declares a public interest for purposes of the Act. [<i>Appropriates moneys to the commission for implementing performance-based regulations.</i>] <b>Limits expenditures from certain moneys collected or received by the commission for the purposes of carrying out performance-based regulation of electric companies.</b>"
jurisdiction: "us/states/or"
legislature: "Oregon Legislative Assembly"
session: "2025R1"
identifier: "SB 688"
citation: "Oregon SB 688 (2025R1)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Jeff Golden", "Khanh Pham"]
version_count: 8
action_count: 25
vote_count: 4
first_action: "2025-01-13T17:07:30+00:00"
last_action: "2025-07-25T17:17:50+00:00"
source: "openstates"
source_identifier: "ocd-bill/719ec94a-ae58-47b6-9116-a449d5ba75da"
source_url: "https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB688"
source_hash: "907d68fc0d02a32a52ddc2bdb55e961981684129263ae8d2e175701b73c0e757"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-or"]
---

# Oregon SB 688 (2025R1) — Relating to performance-based regulation of electric utilities.

</b> </i>] Allows the Public Utility Commission to adopt a framework for carrying out performance-based regulation of electric companies and use incentives and penalties to induce electric companies to bring electric utility operations in line with the public interest and certain objectives. Declares a public interest for purposes of the Act. [<i>Appropriates moneys to the commission for implementing performance-based regulations.</i>] <b>Limits expenditures from certain moneys collected or received by the commission for the purposes of carrying out performance-based regulation of electric companies.</b>

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB688/Introduced)
2. **Senate Amendments to Introduced** (filed) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB688/Senate%20Amendments%20to%20Introduced)
3. **A-Engrossed** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB688/A-Engrossed)
4. **B-Engrossed** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB688/B-Engrossed)
5. **JWM Amendment -A7** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/29659)
6. **SEE Amendment -5** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/ProposedAmendment/27157)
7. **Senate Amendments to A-Engrossed** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB688/Senate%20Amendments%20to%20A-Engrossed)
8. **Enrolled** (enrolled) — [source](https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB688/Enrolled)

## Votes

- Heard and Reported Out with Amendments — **34–12** (pass) · legislature
- Third reading. Carried by Pham. Passed. — **19–10** (pass) · upper
- Heard and Reported Out with Amendments — **4–1** (pass) · upper
- Third reading. Carried by Gamba. Passed. — **36–13** (pass) · lower

## Sponsors

- Jeff Golden — primary (person)
- Khanh Pham — primary (person)
- Courtney Neron Misslin — cosponsor (person)
- James Manning Jr. — cosponsor (person)
- Janeen Sollman — cosponsor (person)
- Mark Gamba — cosponsor (person)
- Mark Meek — cosponsor (person)
- Nathan Sosa — cosponsor (person)
- Pam Marsh — cosponsor (person)
- Tom Andersen — cosponsor (person)
- Travis Nelson — cosponsor (person)
- Willy Chotzen — cosponsor (person)
- Wlnsvey Campos — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2025-01-13T17:07:30+00:00** Introduction and first reading. Referred to President's desk. `introduction, reading-1, referral-committee`
- **2025-01-17T22:13:22+00:00** Referred to Energy and Environment, then Ways and Means. `referral-committee`
- **2025-03-12T22:01:00+00:00** Public Hearing held.
- **2025-03-17T22:01:00+00:00** Public Hearing held.
- **2025-03-24T22:02:00+00:00** Work Session held.
- **2025-03-27T22:17:55+00:00** Recommendation: Do pass with amendments and be referred to Ways and Means by prior reference. (Printed A-Eng.) `committee-passage-favorable`
- **2025-03-27T22:17:56+00:00** Referred to Ways and Means by prior reference. `referral-committee`
- **2025-05-23T21:47:00+00:00** Assigned to Subcommittee On Natural Resources. `referral-committee`
- **2025-06-11T21:33:00+00:00** Returned to Full Committee.
- **2025-06-11T21:32:00+00:00** Work Session held.
- **2025-06-17T15:02:00+00:00** Work Session held.
- **2025-06-19T22:43:31+00:00** Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.) `committee-passage-favorable`
- **2025-06-20T20:01:33+00:00** Second reading. `reading-2`
- **2025-06-23T18:27:36+00:00** Third reading. Carried by Pham. Passed. `passage, reading-3`
- **2025-06-23T18:28:36+00:00** Vote explanation(s) filed by Sollman.
- **2025-06-23T22:48:28+00:00** First reading. Referred to Speaker's desk. `introduction, reading-1, referral-committee`
- **2025-06-23T23:09:35+00:00** Referred to Ways and Means. `referral-committee`
- **2025-06-25T17:32:43+00:00** Recommendation: Do pass. `committee-passage-favorable`
- **2025-06-26T01:29:22+00:00** Second reading. `reading-2`
- **2025-06-26T21:40:13+00:00** Third reading. Carried by Gamba. Passed. `passage, reading-3`
- **2025-06-27T22:58:40+00:00** President signed. `passage`
- **2025-06-28T04:01:10+00:00** Speaker signed. `passage`
- **2025-07-17T17:03:00+00:00** Governor signed. `executive-signature`
- **2025-07-25T17:09:25+00:00** Chapter 538, 2025 Laws.
- **2025-07-25T17:17:50+00:00** Effective date, January 1, 2026.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/719ec94a-ae58-47b6-9116-a449d5ba75da`. Confidence: reported (aggregated from official Oregon legislature records).