Ohio § 4909.08

§ 4909.08.

When the public utilities commission has completed the valuation of the property of

any public utility or railroad and before such valuation becomes final, it shall give

notice by registered letter to such public utility or railroad, and if a substantial

portion of said public utility or railroad is situated in a municipal corporation,

then to the mayor of such municipal corporation, stating the valuations placed upon

the several kinds and classes of property of such public utility or railroad and upon

the property as a whole and give such further notice by publication or otherwise as

it shall deem necessary to apprise the public of such valuation.  If, within thirty days after such notification, no protest has been filed with the

commission, such valuation becomes final.  If notice of protest has been filed by any public utility or railroad, the commission

shall fix a time for hearing such protest and shall consider at such hearing any matter

material thereto presented by such public utility, railroad, or municipal corporation,

in support of its protest or by any representative of the public against such protest.  If, after the hearing of any protest of any valuation so fixed, the commission is

of the opinion that its inventory is incomplete or inaccurate or that its valuation

is incorrect, it shall make such changes as are necessary and shall issue an order

making such corrected valuations final.  A final valuation by the commission and all classifications made for the ascertainment

of such valuations shall be public and are prima-facie evidence relative to the value

of the property. “ Valuation ” and “ value ,” as used in this section, may include: (A) With respect to a public utility that is a natural gas, water-works, or sewage disposal

system company, projected valuation and value as of the date certain, if applicable

because of a future date certain under section 4909.15 of the Revised Code ; (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 and value during the forecasted test period.