HB 317 Summary

• Repeals the electric security plan provisions of Section 4928.143 of the Revised Code, eliminating this mechanism for electric distribution utilities to recover costs through non-competitive service offerings.

• Requires electric distribution utilities to establish standard service offers through competitive bidding processes under Section 4928.142 instead, with independent oversight and transparent procurement procedures.

• Allows utilities with existing electric security plans in effect on the bill's effective date to continue those plans until their specified termination date or until January 1, 2024, after which they cannot be extended or renewed.

• Modifies provisions governing competitive retail electric service, corporate separation requirements, and governmental aggregation of electric loads to align with the elimination of electric security plans.

• Establishes timelines and procedures for the Public Utilities Commission to approve market-rate offers and financing orders while preserving cost recovery mechanisms for legacy generation resources and infrastructure modernization through December 31, 2030.