56-231.50 - Regulation by State Corporation Commission. - Virginia Statutes

§ 56-231.50. Regulation by State Corporation Commission.

The regulated utility services and operations of any cooperative organizedunder this article shall be subject to the jurisdiction of the Commission inthe same manner and to the same extent as are all other providers of suchregulated utility services under the laws of this Commonwealth; but withregard to sales of energy at wholesale, no cooperative shall be subject tothe provisions of §§ 56-234 through 56-245, 56-247 and 56-249 through56-249.6. With regard to business activities which are not regulated utilityservices, no cooperative shall be subject to the provisions of §§ 56-234through 56-245 and 56-249 through 56-249.6. All other business activities ofa cooperative and its affiliates shall be subject to the jurisdiction of theCommission to the extent provided by § 56-231.50:1 and any other applicablelaws of this Commonwealth.

(1999, c. 874.)