The bill amends the Revised Code to enhance the regulatory framework for public utilities, specifically targeting natural gas, water-works, sewage disposal, and electric light companies. Key changes include expanding the definition of companies eligible for rate increases to include natural gas and water-works companies, and introducing a requirement for these companies to submit detailed valuation reports that outline the costs associated with their assets. The public utilities commission is tasked with determining property valuations and ensuring that only useful components are included in rate base determinations. Additionally, the bill mandates that natural gas companies serving large load customers file rate case applications every three years and establishes a timeline for the commission to act on rate applications, with provisions for temporary rate adjustments if decisions are not made within specified timeframes.

Significant provisions include the requirement for water-works companies to replace lead customer-owned water service lines and reimburse customers under certain conditions. The bill also allows natural gas companies to propose alternative rate plans for large load customers, ensuring that existing customers are protected from additional costs associated with infrastructure investments. Payments from large load customers under these plans will not be considered revenue in regulatory proceedings, and the bill repeals conflicting sections of the Revised Code. Overall, the legislation aims to promote economic development while ensuring transparency and accountability in the utility sector.

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