Ohio Code § 4928.2310

§ 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.