OH HB58

Amends Ohio Revised Code section 4928.143 to modify how the Public Utilities Commission determines whether an electric distribution utility is earning significantly excessive returns under its electric security plan.

Adds language prohibiting the commission from considering "directly or indirectly, the revenue, expenses, or earnings of any affiliate that is not an Ohio electric distribution utility or parent company" when assessing significantly excessive earnings.

Applies this affiliate earnings exclusion to both the prospective earnings tests conducted every fourth year for plans exceeding three years (division E) and annual earnings assessments (division F).

Requires the burden of proof to remain on the utility to demonstrate that significantly excessive earnings will not occur, and permits plan termination if the commission finds earnings are significantly in excess of comparable publicly traded companies' returns.

Repeals the existing section 4928.143 and replaces it with the amended version containing the new affiliate earnings provisions.