Energy Trust Of Oregon
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Energy Trust Of Oregon
Energy Trust of Oregon is an independent nonprofit organization based in Portland, Oregon, that helps utility customers in Oregon benefit from efficient energy use and generating renewable energy. Energy Trust offers services, cash incentives, and other energy solutions to customers of Portland General Electric, PacifiCorp, Pacific Power, NW Natural, Cascade Natural Gas, and Avista in Oregon and customers of NW Natural in Washington (state), Washington. History In 1999, the Oregon Legislature passed an electric industry restructuring law, SB 1149, with the intent of establishing a stable, consistent funding source for residential, commercial and industrial electric efficiency, renewable energy and market transformation programs. The legislation requires the state’s largest investor-owned electric utilities to collect a 3% public purpose charge and authorized the Oregon Public Utility Commission, OPUC, to direct a portion of those funds to an independent, non-government entit ...
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Nonprofit
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to eve ...
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Articles Of Incorporation
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