The bill, introduced by Representative Klopfenstein, aims to amend various sections of the Ohio Revised Code concerning competitive retail electric service and the taxation of electric company property. Key changes include a revised definition of major utility facility construction, which now requires a certificate for the replacement of existing facilities. The bill also introduces new definitions for terms related to electric services, such as "electric distribution utility," and repeals outdated sections from previous legislation, including parts of H.B. 6 from the 133rd General Assembly. These amendments are designed to modernize the regulatory framework for electric services in Ohio, ensuring compliance with current standards while promoting competitive retail electric service.

Additionally, the bill outlines consumer protections for residential and small commercial customers, mandating clear notifications regarding fixed and variable rates from suppliers. It establishes a competitive bidding process for electric distribution utilities and modifies corporate separation plans to prevent market power abuse. The bill also addresses governmental aggregation, allowing for resolutions to be proposed for aggregation in townships and unincorporated areas, while clarifying the responsibilities of the public utilities commission in overseeing these changes. Furthermore, it introduces new provisions for the assessment of taxable property for public utilities, updating assessment rates and apportionment processes to reflect the true value of property. Overall, the bill seeks to enhance consumer choice, accountability, and the regulatory landscape for electric and energy companies in Ohio.

Statutes affected:
As Introduced: 4906.04, 4928.01, 4928.05, 4928.08, 4928.14, 4928.141, 4928.142, 4928.144, 4928.17, 4928.20, 4928.23, 4928.231, 4928.232, 4928.34, 4928.542, 4928.64, 4928.645, 4929.20, 5727.01, 5727.031, 5727.06, 5727.11, 5727.111, 5727.15, 3706.40, 3706.41, 3706.43, 3706.431, 3706.45, 3706.46, 3706.49, 3706.491, 3706.55, 3706.551, 3706.59, 3706.63, 3706.65, 4928.143, 4928.148, 4928.642