The bill authorizes privately owned sewer and wastewater systems that are not currently regulated by the Public Service Commission (PSC) to elect to consolidate with certain regulated systems. It defines key terms such as "affiliated system," which refers to a sewer or wastewater system under common ownership with a regulated entity, and outlines the procedure for these systems to file a notice with the PSC to become subject to its regulatory jurisdiction. The bill stipulates that the PSC will certify and regulate these affiliated systems, considering various valuation factors for rate-making purposes, and allows them to maintain their existing rates until new rates are established by the PSC.

Additionally, the bill clarifies that it does not infringe upon the authority of the Jefferson County Board of Health and is not applicable in counties with local constitutional amendments regulating wastewater utilities, except where permitted. It is designed to be supplemental to existing laws and will take effect on October 1, 2025. The bill includes no deletions from current law but introduces new provisions to facilitate the consolidation and regulation of affiliated sewer and wastewater systems.