Ohio § 4928.2310
Full text of Ohio Ohio Revised Code § 4928.2310, with citation guidance and answers to common questions.
§ 4928.2310.
(A)(1) If an electric distribution utility subject to a final financing order defaults on
any required payment of phase-in-recovery revenues, a court, upon application by an
interested party and without limiting any other remedies available to the applicant,
shall order the sequestration and payment of the revenues for the benefit of bondholders,
any assignee, and any financing parties. The court order shall remain in full force and effect notwithstanding any bankruptcy,
reorganization, or other insolvency proceedings with respect to the electric distribution
utility or any affiliate. (2) Notwithstanding division (A)(1) of this section, customers of an electric distribution
utility shall be held harmless for the electric distribution utility's failure to
remit any required payment of phase-in-recovery revenues, and such failure shall in
no way affect the phase-in-recovery property or the rights to impose, collect, and
adjust the phase-in-recovery charges under sections 4928.23 to 4928.2318 of the Revised Code . (B) Phase-in-recovery property under a final financing order and the interests of an
assignee, bondholder, or financing party in that property under a financing agreement
are not subject to setoff, counterclaim, surcharge, or defense by the electric distribution
utility subject to the final financing order or any other person, including as a result
of the electric distribution utility's failure to provide past, present, or future
services, or in connection with the bankruptcy, reorganization, or other insolvency
proceeding of the electric distribution utility, any affiliate, or any other entity.
Frequently Asked Questions About Ohio § 4928.2310
What does Ohio Revised Code § 4928.2310 cover?
Section 4928.2310 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 § 4928.2310?
A common citation format is "Ohio Revised Code § 4928.2310" (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 § 4928.2310 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.