Ohio § 4909.42
Full text of Ohio Ohio Revised Code § 4909.42, with citation guidance and answers to common questions.
§ 4909.42.
Except as provided for in section 4909.421 of the Revised Code , if the proceeding on an application filed with the public utilities commission under section 4909.18 of the Revised Code by any public utility requesting an increase on any rate, joint rate, toll, classification,
charge, or rental or requesting a change in a regulation or practice affecting the
same has not been concluded and an order entered pursuant to section 4909.19 of the Revised Code at the expiration of two hundred seventy-five days from the date of filing the application,
an increase not to exceed the proposed increase shall go into effect upon the filing
of a bond or a letter of credit by the public utility. The bond or letter of credit shall be filed with the commission and shall be payable
to the state for the use and benefit of the customers affected by the proposed increase
or change. An affidavit attached to the bond or letter of credit must be signed by two of the
officers of the utility, under oath, and must contain a promise on behalf of the utility
to refund any amounts collected by the utility over the rate, joint rate, toll, classification,
charge, or rental, as determined in the final order of the commission. All refunds shall include interest at the rate stated in section 1343.03 of the Revised Code . The refund shall be in the form of a temporary reduction in rates following the
final order of the commission, and shall be accomplished in such manner as shall be
prescribed by the commission in its final order. The commission shall exercise continuing and exclusive jurisdiction over such refunds. If the public utilities commission has not entered a final order within five hundred
forty-five days from the date of the filing of an application for an increase in rates
under section 4909.18 of the Revised Code , a public utility shall have no obligation to make a refund of amounts collected
after the five hundred forty-fifth day which exceed the amounts authorized by the
commission's final order. Nothing in this section shall be construed to mitigate any duty of the commission
to issue a final order under section 4909.19 of the Revised Code .
Frequently Asked Questions About Ohio § 4909.42
What does Ohio Revised Code § 4909.42 cover?
Section 4909.42 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 4909.42?
A common citation format is "Ohio Revised Code § 4909.42" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 4909.42 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.