OAR 410-141-5235: REPORTING AND APPROVAL OF CERTAIN TRANSACTIONS: Reports of Material Materiality and Reporting Standards for Asset Acquisitions and Dispositions

(1) No acquisitions or dispositions of assets need be reported pursuant to OAR 410-141-5230 if the acquisition or disposition is not material. For purposes of OAR 410-141-5230, a material acquisition (or the aggregate of any series of related acquisitions during any 30-day period) or disposition (or the aggregate of any series of related dispositions during any 30-day period) is one that is non-recurring and not in the ordinary course of business and involves more than five percent of the reporting CCO's total allowed assets as reported in its most recent statutory statement filed with the Authority. (2) OAR 410-141-5230 applies to the following asset acquisitions and asset dispositions: (a) Asset acquisitions include every purchase, lease, exchange, merger, consolidation, succession or other acquisition by or for the reporting CCO. (b) Asset dispositions include every sale, lease, exchange, merger, consolidation, mortgage, hypothecation, assignment (whether for the benefit of creditors or otherwise), abandonment, destruction or other disposition. (3) The following information is required to be disclosed in any report of a material acquisition or disposition of assets: (a) Date of the transaction. (b) Manner of acquisition or disposition. (c) Description of the assets involved. (d) Nature and amount of the consideration given or received. (e) Purpose of, or reason for, the transaction. (f) Manner by which the amount of consideration was determined. (g) Gain or loss recognized or realized as a result of the transaction. (h) Name or names of the person or persons from whom the assets were acquired or to whom they were disposed.