The bill amends the Revised Code to enhance the regulatory framework for public utilities, particularly focusing on natural gas, water-works, and sewage disposal system companies. Key changes include the introduction of alternative rate plans for large load customers, defined as those consuming over one million two hundred thousand Mcf of natural gas, and the requirement for natural gas companies serving 250,000 or more customers to file rate case applications every three years. The bill also revises the property valuation process, mandating detailed valuation reports that include original costs, acquisition conditions, and costs related to water service line replacements. Additionally, it clarifies the process for determining gross annual revenues and allows water-works companies to include lead service line replacement costs in their valuation reports.

Furthermore, the bill establishes a framework for the public utilities commission to oversee these changes, including the approval process for alternative rate plans and ensuring transparency in financial reporting. It also outlines procedures for handling applications for rate increases, specifying timelines for decisions and allowing temporary rate adjustments if applications are unresolved within a set timeframe. The bill aims to promote fair compensation for services while addressing public health concerns related to lead in water service lines and supporting economic development through infrastructure investments. Overall, these amendments seek to improve the efficiency and accountability of public utility regulations in Ohio.

Statutes affected:
As Introduced: 4909.05, 4909.06, 4909.07, 4909.08, 4909.15, 4909.155, 4909.156, 4909.18, 4909.191, 4909.42, 4928.18, 4929.041
As Reported By Senate Committee: 4909.042, 4909.05, 4909.06, 4909.07, 4909.08, 4909.15, 4909.156, 4909.159, 4909.173, 4909.174, 4909.18, 4909.421, 4928.01, 4928.05
As Passed By Senate: 4909.042, 4909.05, 4909.06, 4909.07, 4909.08, 4909.15, 4909.156, 4909.159, 4909.173, 4909.174, 4909.18, 4909.421, 4928.01, 4928.05
As Reported By House Committee: 4909.042, 4909.05, 4909.06, 4909.07, 4909.08, 4909.15, 4909.156, 4909.159, 4909.173, 4909.174, 4909.18, 4909.421, 4928.01, 4928.05
As Passed By House: 4909.042, 4909.05, 4909.06, 4909.07, 4909.08, 4909.15, 4909.156, 4909.159, 4909.173, 4909.174, 4909.18, 4909.421, 4928.01, 4928.05
As Enrolled: 4909.042, 4909.05, 4909.06, 4909.07, 4909.08, 4909.15, 4909.156, 4909.159, 4909.173, 4909.174, 4909.18, 4909.421, 4928.01, 4928.05