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Ohio2026Passed Legislature

HB142

HB142: New Rules for Natural Gas Rates and Property Values

Last scannedAug 25, 2026, 4:32 AM

In one sentence

This bill allows natural gas companies to create special rate plans for large customers and updates the rules for calculating the value of property owned by utilities.

What it does

  • Allows natural gas companies to offer alternative rate plans specifically for large load customers.
  • Updates the process for valuing property used by public utility companies, including natural gas, water-works, and sewage disposal systems.
  • Sets rules that require settlements in Public Utilities Commission cases to be reasonable, lawful, beneficial to ratepayers, and free of violations against important regulatory principles.
  • Requires detailed valuation reports listing land costs, equipment values, depreciation reserves, and other property details for utilities.

Who it affects

  • Natural gas companies operating in Ohio
  • Large load customers who use significant amounts of natural gas
  • Water-works and sewage disposal system companies regarding property valuation rules
  • The Public Utilities Commission which oversees utility rates, settlements, and property valuations

Limits and unknowns

  • The bill text provided does not list specific dates for when these new rules will take effect.
  • The full details regarding bond investigations in Section 4909.06 are cut off in the source text.
  • The exact definition of a 'large load customer' is mentioned but not fully defined in this excerpt.

Plain language

Terms to know

Alternative rate plans
Special pricing options created for specific groups of customers, such as those who use large amounts of natural gas.
Property valuation
The official process of determining the dollar value of land and equipment owned or used by utility companies to provide service.
Lease purchase agreement
A deal where a utility pays rental fees for property and either buys it at the end of the term with an extra payment or automatically gets ownership after paying all rentals.

Official record

Sources

Source attached
Official bill pageStored full record

Official summary

Regards natural gas company rate plans, property valuation

Official activity

Bill history

  1. As Introduced