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 contributions and lobbying activities that fall 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 penalties for violations, including the requirement for public utilities to refund any improperly charged amounts, plus interest, and the imposition of fines that are twenty times the amount charged in violation of the law. A new fund, the political activity fine fund, is created to assist customers with past-due utility bills, funded by the fines collected from public utilities. The bill also mandates annual reporting of political expenditures by public utilities to the public utilities commission, which will compile and submit these reports to the General Assembly. The commission is tasked with adopting rules to implement these provisions and ensure compliance.