Ohio § 4928.38 Commencing and terminating transition revenues

Ohio Statutes

§ 4928.38 — Commencing and terminating transition revenues

Ohio § 4928.38

Title 49Public Utilities

Ch. 4928Competitive Retail Electric Service

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Bluebook

Ohio Rev. Code Ann. § 4928.38 (2026).

Text

Pursuant to a transition plan approved under section4928.33of the Revised Code, an electric utility in this state may receive transition revenues under sections4928.31to4928.40of the Revised Code, beginning on the starting date of competitive retail electric service. Except as provided in sections4905.33to4905.35of the Revised Code and this chapter, an electric utility that receives such transition revenues shall be wholly responsible for how to use those revenues and wholly responsible for whether it is in a competitive position after the market development period. The utility's receipt of transition revenues shall terminate at the end of the market development period. With the termination of that approved revenue source, the utility shall be fully on its own in the competitive market. Th

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Pursuant to a transition plan approved under section4928.33of the Revised Code, an electric utility in this state may receive transition revenues under sections4928.31to4928.40of the Revised Code, beginning on the starting date of competitive retail electric service. Except as provided in sections4905.33to4905.35of the Revised Code and this chapter, an electric utility that receives such transition revenues shall be wholly responsible for how to use those revenues and wholly responsible for whether it is in a competitive position after the market development period. The utility's receipt of transition revenues shall terminate at the end of the market development period. With the termination of that approved revenue source, the utility shall be fully on its own in the competitive market. The commission shall not authorize the receipt of transition revenues or any equivalent revenues by an electric utility except as expressly authorized in sections4928.31to4928.40of the Revised Code.