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 process for these affiliated 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 systems, considering various valuation elements for rate-making purposes, and allows the affiliated systems 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 provisions for the PSC to establish fees for wastewater management entities and to consider the combined capital expenditures and operating expenses of both affiliated and regulated systems when determining rates.