How SB 106 changes current law

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill amends several sections of the Revised Code related to public utilities, primarily focusing on electric vehicle charging stations and adjustments in regulations for utility valuation and reporting.

• Section 4909.042

  (7) The proper and adequate reserve for depreciation, as determined to be reasonable by the commission; → (7) The cost of the replacement of water service lines incurred by a water-works company under section 4909.173 of the Revised Code and the water service line replacement reimbursement amounts provided to customers under section 4909.174 of the Revised Code;

  This change adds the cost of replacing water service lines to the reporting requirements for utilities, making it necessary for the company to report these costs.

• Section 4909.042

  (8)(9) The valuation of the property of the company, which shall be the sum of the amounts contained in the report pursuant to divisions (B)(1) to (5)(6) of this section, less the sum of the amounts contained in the report pursuant to divisions (B)(6)(B)(7) and (7)(8) of this section; → (8)(9) The valuation of the property of the company, which shall be the sum of the amounts contained in the report pursuant to divisions (B)(1) to (5) of this section, less the sum of the amounts contained in the report pursuant to divisions (B)(6) and (B)(8) of this section;

  This modifies how the valuation of utility property is calculated by simplifying the divisions referenced in the valuation formula.

• Section 4909.15

  (1)(b) With respect to an electric light, natural gas, water-works, or sewage disposal system company that chooses to file a forecasted test period under section 4909.18 of the Revised Code, the → (1)(b) With respect to an electric light, natural gas, water-works, or sewage disposal system company that chooses to file a forecasted test period under section 4909.18 of the Revised Code, the valuation of the property of the utility that is projected to be used and useful during the forecasted test period in rendering the public utility service for which rates are to be fixed and determined.

  This amendment clarifies the valuation process for utilities that opt for a forecasted test period regarding their projected usability during that period.

• Section 4928.01

  This section serves to define various terms related to public utilities, including updates for electric vehicle charging stations.

  This addition introduces definitions pertinent to electric vehicle charging stations within the context of public utility regulations.

• Section 4928.03

  This section outlines requirements for the establishment and operation of electric vehicle charging stations by public utilities.

  This addition specifies operational requirements for electric vehicle charging stations by utilities, promoting infrastructure development.

• Section 4928.041

  This section establishes guidelines for incentives related to the development and expansion of electric vehicle charging infrastructure.

  This creates a framework for utility incentives aimed at enhancing the electric vehicle charging network.