56-248.1 - Commission to monitor fuel prices and utility fuel purchases; fuel price index. - Virginia Statutes

§ 56-248.1. Commission to monitor fuel prices and utility fuel purchases;fuel price index.

The Commission shall monitor all fuel purchases, transportation costs, andcontracts for such purchases of a utility to ascertain that all feasibleeconomies are being utilized.

In addition, the Commission shall establish a fuel price index in order tocompare the prices paid for the various types of fuel by Virginia utilitieswith the average price of the various types of fuel paid by other publicutilities at comparable geographic locations in the market.

(1976, c. 507; 1982, c. 107.)