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 mandatory refunds to customers if a public utility is found to have charged for political expenditures, along with interest. It also imposes fines on utilities that violate this prohibition, with the fines directed to a newly created "political activity fine fund" to assist customers with overdue utility bills. The bill 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 Public Utilities Commission is tasked with adopting rules to implement these provisions and ensure compliance.