O2 Sensor
WARNING: This page is about a different car, the 2004 Dodge Grand Caravan, 2004 Dodge Caravan, and 2004 Chrysler Town & Country. However, it is still accessible from the selected car via links, so may be relevant.
The O2 system with ignition on and engine off has a normalized O2 voltage of around 5 volts as displayed on the DRBIII or measured with a high impedance voltmeter. As the O2 sensor starts generating a signal the voltage will move towards 2.5 volts. The voltage will typically vary between 2.5 volts and 3.5 volts on a normal running engine. The goal voltage is also typically between 2.5 and 3.5 volts. This implies that the O-volt through 1-volt range that you are used to is still valid, only it is shifted up by a 2.5 volt offset. This 2.5 volt supply is being delivered through the sensor return line.