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§ 56-235.8. Retail supply choice for natural gas customers

A. Notwithstanding any provision of law to the contrary, each public utility authorized to furnish natural gas service in Virginia (gas utility) is authorized to offer to all of the gas utility’s customers not eligible for transportation service under tariffs in effect on the effective date of this section, direct access to gas suppliers (retail […]

§ 56-235.9. Recovery of funds used for capital projects prior to a rate case for strategic natural gas facilities

A. As used in this section: “Capitalized carrying cost” includes the return on the investment, depreciation, and tax. “Natural gas transmission company” means any investor-owned public service company engaged in the business of transporting natural gas to more than one electric utility, natural gas utility, or non-jurisdictional customer. “Natural gas utility” means any investor-owned public […]

§ 56-235.10. Recovery of eligible safety activity costs; administration; procedure

A. As used in this section: “Eligible safety activity costs” means a natural gas utility’s operation and maintenance expenditures that are related to (i) the development, implementation, or execution of the natural gas utility’s integrity management program developed in conformance with 49 CFR Part 192, Subpart P — Gas Distribution Pipeline Integrity Management or (ii) […]

§ 56-235.11. Retail rates of affiliated water utilities

A. As used in this section, unless the context requires a different meaning: “Affiliate” of a specific water utility or a water utility “affiliated” with a specific water utility means a water utility that directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control with the water utility […]

§ 56-235.5. Telephone regulatory alternatives

A. As used in this section, “telephone company” means any public service corporation or public service company which holds a certificate of public convenience and necessity to furnish local exchange telephone service, except that companies which are regulated pursuant to Chapter 16 (§ 56-485 et seq.) or 19 (§ 56-531 et seq.) of this title […]

§ 56-235.5:1. Local exchange telephone service competition policy

A. The Commission, in resolving issues and cases concerning local exchange telephone service under the federal Telecommunications Act of 1996 (P.L. 104-104), this title, or both, shall, consistent with federal and state laws, consider it in the public interest to, as appropriate, (i) treat all providers of local exchange telephone services in an equitable fashion […]

§ 56-235.6. Optional performance-based regulation of certain utilities

A. Notwithstanding any provision of law to the contrary, the Commission may approve a performance-based ratemaking methodology for any public utility engaged in the business of furnishing gas service (for the purposes of this section a “gas utility”) or electricity service (for the purposes of this section an “electric utility”), upon application of the gas […]

§ 56-235.1:2. Costs of using small, women-owned, or minority-owned businesses

In any proceeding under this title in which the Commission is required to determine whether costs incurred by a public utility in its delivery or provision of any goods or service are reasonable or prudent, the incremental portion of the costs incurred as a result of the public utility’s contracting with a small, woman-owned, or […]

§ 56-235.2. All rates, tolls, etc., to be just and reasonable to jurisdictional customers; findings and conclusions to be set forth; alternative forms of regulation for electric companies

A. Any rate, toll, charge or schedule of any public utility operating in this Commonwealth shall be considered to be just and reasonable only if: (1) the public utility has demonstrated that such rates, tolls, charges or schedules in the aggregate provide revenues not in excess of the aggregate actual costs incurred by the public […]