56-586 - Emergency service provider. - Virginia Statutes

§ 56-586. Emergency service provider.

On and after January 1, 2001, if any supplier fails to fulfill an obligation,resulting in the failure of retail electric energy to be delivered into thecontrol area serving the supplier's retail customer, the entity fulfillingthe control area function, or, if applicable, the regional transmissionentity or other entity as designated by the Commission, shall be responsiblefor charging the defaulting supplier for the full cost of replacement energy,including the cost of energy, the cost incurred by others as a result of thedefault, and the assessment of penalties as may be approved either by theCommission, to the extent not precluded by federal law, or by the FederalEnergy Regulatory Commission. The Commission, as part of the rulesestablished under § 56-587, shall determine the circumstances under whichfailures to deliver electricity will result in the revocation of thesupplier's license.

(1999, c. 411.)