OH HB312

Amends sections 4905.31 and 4928.34 of the Revised Code to allow electric utilities to recover economic development and job retention program costs from all public utility electric light customers statewide, rather than only within their certified territory.

Permits utilities to include cost recovery devices for economic development programs as a financial arrangement approved by the Public Utilities Commission, alongside existing options for profit sharing, sliding scale charges, and service classifications.

Prohibits the Public Utilities Commission from approving new or modified economic development program cost recovery arrangements after January 1, 2018, though previously approved arrangements may continue for their approved terms.

Requires all such schedules and arrangements to be filed with and approved by the commission, posted on the commission's docketing system, and made publicly accessible through the internet.

Preserves existing economic development cost recovery devices established before the bill's effective date, allowing them to continue under their approved terms unless altered by the Public Utilities Commission.