Relating to the Oregon Electric Transmission Authority; prescribing an effective date.

Establishes the Oregon Electric Transmission Authority as an independent public corporation. Provides that the authority shall support the expansion of electric transmission capacity in this state by financing, developing, constructing, upgrading, owning and operating electric transmission infrastructure. Directs the authority to identify and establish electric transmission corridors with statewide significance. Authorizes the authority to finance transmission projects by issuing revenue bonds and collecting payments from the users of the authority's transmission facilities. Establishes the Tribal Advisory Council on Electric Transmission. Directs the authority to submit an annual report to the interim committees or committees of the Legislative Assembly related to energy on the authority's activities and operations for the preceding year. Limits the authority's annual operating budget to no more than $2 million. Provides for the collection of a nonbypassable charge from large industrial electricity customers to fund the authority's operating budget. Sunsets January 2, 2032. Requires the State Department of Energy to conduct a review of the authority and submit a report to the committees or interim committees of the Legislative Assembly related to energy for the Legislative Assembly's consideration to extend the sunset date. Takes effect on the 91st day following adjournment sine die.