56-255 - Extension of electric service to territory not being served. - Virginia Statutes

§ 56-255. Extension of electric service to territory not being served.

If, from any rural territory not now being served, application be made to theCommission by a group of five or more persons, natural or artificial, torequire an extension of electric service to such territory, the Commissionshall, if necessary to accomplish the purposes sought, fix a time for hearingsuch application, on such terms and conditions as the Commission mayprescribe, and, if it be established to the satisfaction of the Commissionthat a proper guaranteed revenue for a sufficient number of years will accrueto any company which may be required to construct the desired extension, andthat a reasonable investment will accrue to the company constructing suchextension, then the Commission is hereby authorized and empowered to requirethe nearest or most advantageously located electric utility company to suchterritory to construct such extension to such point or points in suchterritory and to serve such customer or customers therein, as in its judgmentis right and proper.

(1936, p. 1056; Michie Code 1942, § 4057(24).)