Portlanders have seen several iterations of the Portland Clean Energy Community Benefits Fund (PCEF) since they voted to approve the fund to kickstart more climate-friendly initiatives in 2018. PCEF— which is funded by a 1 percent surcharge on local sales at large retailers— has consistently outperformed expectations, requiring leaders to reevaluate the fund’s purpose and strategy. Now, an unanticipated surge of cash has prompted yet another paradigm shift for PCEF. This week, leaders in Portland’s...