HB 738 Summary

• Repeals H.B. 6 of the 133rd General Assembly, which had amended Ohio's laws governing electric service, renewable energy, and energy efficiency

• Revives pre-H.B. 6 versions of numerous Revised Code sections related to electric utilities, renewable energy standards, and energy efficiency requirements

• Restores renewable energy benchmarks requiring utilities to provide 12.5% of electricity from renewable resources and 0.5% from solar by 2027, with compliance payments for noncompliance starting at $45 per megawatt hour

• Reinstates energy efficiency and peak demand reduction requirements for electric distribution utilities, with cumulative savings targets of 22% by 2027

• Revives section 4928.6616 allowing certain industrial customers to opt out of energy efficiency programs while submitting reports on energy-intensity reduction measures to the Public Utilities Commission