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Home » US Law » 2022 Code of Virginia » Title 56 - Public Service Companies » Chapter 27 - Qualified Projects of Natural Gas Utilities

§ 56-605. Definitions

As used in this chapter: “Eligible infrastructure” means storage, compressed natural gas, liquefied natural gas, transmission and distribution facilities to be used in the delivery of natural gas, or supplemental or substitute forms of gas sources by a natural gas utility. “Eligible infrastructure development costs” or “EIDC” for a qualifying project shall be comprised of […]

§ 56-606. Infrastructure development

Notwithstanding any provision of law to the contrary when the requirements set forth in the definition of qualifying project have been satisfied: 1. The natural gas utility certificated to serve the subject service territory may construct the necessary facilities subject to the provisions of this chapter; and 2. The natural gas utility constructing eligible infrastructure […]

§ 56-607. Application and administration

A. A natural gas utility shall account for the actual monthly EIDC incurred on the cumulative investment in eligible infrastructure in excess of any aid to construction contributed by the developer of the project or the person that will occupy the proposed project as a deferred cost until new base rates and charges that incorporate […]

§ 56-608. Certain contracts deemed prudent and reasonable

The transportation and storage quantities of the contracts entered into by a natural gas utility for the acquisition of upstream pipeline capacity to meet the reasonably anticipated service requirements of the qualifying projects and other service requirements to be served through the eligible infrastructure shall be deemed prudent and reasonable. 2012, cc. 51, 202.

§ 56-609. Upstream natural gas supply infrastructure projects

A. As used in this section, unless the context requires a different meaning: “Eligible natural gas supply infrastructure costs” includes the investment in eligible natural gas supply infrastructure projects and the following: 1. Return on the investment. In calculating the return on investment, the Commission shall use the natural gas utility’s then in effect weighted […]