OH SB151

Repeals section 4928.148 of the Revised Code, which authorized recovery mechanisms for "legacy generation resources" established under H.B. 6 of the 133rd General Assembly.

Terminates all retail cost recovery mechanisms for generating facilities owned by corporations formed before 1960 by investor-owned utilities to provide power to the federal government, including the Ohio Valley Electric Corporation.

Requires utilities to promptly refund the full amount of revenues collected from customers through legacy generation cost recovery charges, with refunds allocated to customer classes in the same proportion as originally collected.

Prohibits the Public Utilities Commission from reviving, reimposing, or reestablishing any legacy generation cost recovery mechanism or related charges after this bill's effective date.

Amends section 4928.01 to define "legacy generation resource" and "prudently incurred costs related to a legacy generation resource" before repealing the mechanisms that implemented these provisions.