The proposed bill enacts several new sections of the Revised Code, specifically sections 4933.51 through 4933.60, aimed at prohibiting public utilities from recovering costs associated with political expenditures from their customers. It defines key terms such as "public utility," "nonprofit organization," and "political expenditure," which includes contributions to political candidates, lobbying expenses, and other related activities. The bill explicitly states that no public utility shall recover these political expenditure costs through any rates or charges, and if a utility is found to have violated this provision, it must refund the charges with interest.

Additionally, the bill establishes a framework for enforcement, including the imposition of fines on utilities that violate the prohibition on recovering political expenditure costs. The fines collected will be deposited into a newly created "political activity fine fund," which will be used to assist customers with past-due utility bills. The public utilities commission is tasked with overseeing the implementation of these provisions, including the requirement for utilities to submit annual expenditure reports detailing their political spending. The commission will also compile these reports for submission to the General Assembly, ensuring transparency and accountability in the political activities of public utilities.