To enact section 4933.29 of the Revised Code to restore discounts for customers with all-electric homes, to restore electric, load-management programs, and to declare an emergency.

Section 1. That section 4933.29 of the Revised Code be enacted to read as follows:

Sec. 4933.29. (A) As used in this section:

(1) "Dual fuel heating program" means a program under which an electric light company provides an incentive, including a discounted rate, for a customer to use a heating system that operates on both electricity and gas, the electric portion of which may be controlled by the company.

(2) "Electric light company" has the same meaning as in section 4905.03 of the Revised Code.

(3) "Load management water heating program" means a program under which an electric light company provides an incentive, including a discounted rate, for a customer to use an electric water heater that may be controlled by the company.

(B) Every electric light company that discontinued, during the time period beginning one year before the effective date of this section and ending on the effective date of this section, discounts for residential customers with all-electric homes shall restore all such discounts to the discount amounts at the time of the discontinuance.

(C) Every electric light company that discontinued, during the time period beginning one year before the effective date of this section and ending on the effective date of this section, any dual fuel heating program or any load management water heating program shall restore in full any such discontinued program.

Section 2. This act is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, health, and safety. The reason for such necessity is that electric-utility customers are experiencing sudden, drastic increases in electricity costs during an economic recession. Therefore, this act shall go into immediate effect.