S.B. No. 143 Summary

• Eliminates electric security plans (section 4928.143) and requires all electric standard service offers to be delivered through market-rate offers determined by competitive bidding processes under section 4928.142.

• Requires electric distribution utilities to file rate case applications for distribution service at least every five years under new section 4909.181.

• Strengthens corporate separation requirements by prohibiting utilities from supplying both noncompetitive and competitive retail electric services unless they implement and operate under a commission-approved corporate separation plan with full affiliate separation.

• Requires utilities owning legacy generation resources to bid all output into wholesale markets and not use output for standard service offer supply, with costs recovered through a nonbypassable statewide rate mechanism through December 31, 2030.

• Replaces existing electric utility cost recovery mechanisms with market-rate procurement processes while maintaining legacy generation resource cost recovery and requiring competitive bidding oversight by independent third parties.