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. The bill defines "public utility" and "political expenditure," outlining various forms of political spending that would be included under this prohibition. It explicitly states that no public utility can recover these costs through any rate or charge mechanisms established under existing law.

Additionally, the bill establishes a framework for accountability and penalties. If a public utility is found to have charged customers in violation of this prohibition, the Public Utilities Commission is mandated to order refunds, including interest, and may impose fines equal to twenty times the amount charged unlawfully. A new fund, the political activity fine fund, is created to assist customers with past-due utility bills, funded by the fines collected from violations. The bill also requires public utilities to submit annual reports detailing their political expenditures, which will be compiled and submitted to the General Assembly by the commission.