Relating to disposition of utility property.

Raises statutory threshold for requiring public utility to receive Public Utility Commission approval for disposition of certain property from $100,000 to $1 million. Requires public utility to submit annual report to commission summarizing transactions for disposition of property valued in excess of $25,000 but less than $1 million. Repeals requirement that public utility notify commission of disposition of certain property valued in excess of $25,000 but less than $100,000. Requires public utility to determine value of property for purposes of compliance with statutory thresholds based on portion of value of property recognized as basis of operating expense or capital expenditure in Oregon rate valuation or other hearing or proceeding.