HB 247 Summary

• Customer Refunds: Requires utilities to promptly refund charges found unreasonable, unlawful, imprudent, or improper by the Public Utilities Commission, courts, or other authorities, allocated proportionately to customer classes.

• Elimination of Electric Security Plans: Eliminates electric security plans; requires all electric standard service offers be delivered through market-rate offers using competitive bidding processes by December 31, 2020.

• Market Power Mitigation: Requires electric utilities to file market power mitigation plans by specified deadlines, with options including asset sales, exchanges, capacity auctions, or other divestiture methods to be completed by December 31, 2018.

• Generation Asset Restrictions: Prohibits utilities and affiliated entities from owning or controlling installed generation capacity in Ohio beginning January 1, 2019.

• Corporate Separation Requirements: Strengthens corporate separation requirements for utilities operating both competitive and noncompetitive retail electric services, with enhanced oversight and compliance measures.