The bill seeks to amend section 4928.01 of the Revised Code and repeal section 4928.148, thereby eliminating the legacy generation resource provisions established by H.B. 6 of the 133rd General Assembly. This repeal is designed to provide refunds to customers, addressing concerns about the previous legislation's effects on electric service pricing and customer equity. The bill also introduces various definitions related to electric services, such as "ancillary service," "competitive retail electric service," and "electric utility," to ensure clarity and alignment with current industry practices.

Additionally, the bill establishes new compliance and operational standards for electricity-generating facilities, focusing on environmental and regulatory requirements, including adherence to federal licenses concerning fish passage and watershed protection. It also emphasizes the protection of cultural resources and public access to water without fees. The bill repeals existing sections related to retail recovery mechanisms for costs associated with legacy generation resources, ensuring that no charges from these mechanisms can be assessed to customers and mandating refunds of previously collected revenues. Overall, the legislation aims to enhance transparency, accountability, and equity in Ohio's electric service market while promoting environmental protection.

Statutes affected:
As Introduced: 4928.01, 4928.148