The bill amends sections 4905.02 and 4928.53 of the Revised Code and enacts new sections 4933.51 to 4933.58, primarily to exempt electric submetering companies from being classified as public utilities. It introduces a definition for "electric submetering company" and establishes various requirements for these companies, including registration with the public utilities commission every two years, compliance with disconnection requirements, and the obligation to provide pricing disclosures to tenants. Additionally, the bill stipulates that electric submetering companies cannot charge tenants more than the standard service offer from the electric light company in their area.

Furthermore, the bill extends eligibility for the percentage of income payment plan program to residential customers of electric submetering companies who meet the general eligibility criteria. It also outlines the process for filing complaints against electric submetering companies for noncompliance and establishes penalties for violations, including potential forfeitures. The existing sections 4905.02 and 4928.53 are repealed as part of this legislative update.

Statutes affected:
As Introduced: 4905.02, 4928.53