RELEASE: Bud Pierce Condemns Legislature’s Rubber-Stamp of Coal Deal

Republican Candidate for Governor Bud Pierce Condemns Legislature’s Rubber-Stamp of Coal Deal

(Salem, OR) March 3, 2016 - Dr. Bud Pierce, Republican candidate for governor, spoke out strongly today against the Oregon Legislature’s rubber-stamping of a dirty coal deal that will increase electricity costs on working Oregonians.

Pierce said, “Working Oregonians will once again pay for the lack of leadership on the part of both parties in Salem. Democrats rubber-stamped legislation that codifies the backroom deal that Oregon’s investor-owned utilities (PacifiCorp and PGE) negotiated with environmentalists.”

Pierce previously criticized the Governor’s silencing of the Public Utility Commission (PUC) on this issue in a Feb. 17 news release. He added, “The legislation will cost Oregon electricity consumers the equivalent of an annual $550 million rate increase. This is all without a PUC hearing as to whether the required renewable energy investments were even reasonable.”

Pierce expressed disappointment that Republicans allowed this to happen by ending their stalling tactics and refusing to run out the clock on the 2016 Legislature. He said,  “Real leadership would have refused to play any part of this dirty coal deal. Bottom line: bipartisan Salem has failed us again. Oregon needs new leadership – a new vision, a new direction – that puts working Oregonians at the center of the agenda and puts an end to the kind of crony capitalism and corporate welfare at the core of this misnamed ‘clean energy’ bill.”

Based on data from the nonprofit organization ICNW (Industrial Customers of Northwest Utilities), PGE, and PacifiCorp’s, residential, commercial, and industrial customers will pay the entire $8.8 billion cost of adding new, renewable energy sources to the utilities’ generation portfolios, while the companies provide a guaranteed profit for their shareholders. Residential customers’ bills will increase by over $3.6 billion between 2025 and 2040 (or an extra $152 per year). To pay for this deal, small businesses and commercial customers’ bills will increase $3.4 billion (or an extra $1,182 a year). 


Contact: Mary Louise VanNatta, Bud Pierce for Oregon Communications Director, news@budpierce.com or 503-509-9575.

Bud Pierce, M.D, Ph.D. is a business owner and senior partner of Hematology/Oncology of Salem, one of the last physician owned practices on the West Coast. He announced his candidacy for governor on Sept. 10, 2015 on the Republican ticket. Approved photos and biography can be found at www.BudPierce.com/newsroom.