S.B. 391 Summary

• Natural gas companies may apply to the Public Utilities Commission for an infrastructure development rider to recover costs of approved economic development projects.

• Two types of projects qualify: general economic development projects under commission-adopted criteria (section 4929.163), and SiteOhio-certified projects (section 4929.164), each with different approval timelines and cost limits.

• Recovery is capped at $2 per customer annually for section 4929.163 projects and $1 per customer annually for section 4929.164 projects, with equal charges to all customers.

• Projects may be approved only if the projected return on infrastructure development costs is less than the company's most recently authorized rate of return and annual costs do not exceed the stated per-customer limits.

• Companies must file annual reports detailing infrastructure development costs and rider rates; property installed for approved projects is deemed used and useful for rate-setting purposes, and the commission may conduct financial audits.