{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/56-612.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/56-612.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/56-612.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/56-612.html"}],"law_id":81463,"edition_id":1,"section_id":81463,"structure_id":16046,"section_number":"56-612","catch_line":"Deferral of eligible system expansion infrastructure costs","history":"2015, cc. 28, 231.","full_text":"A\n\nA natural gas utility shall account for the difference between actual monthly eligible system expansion infrastructure costs incurred on the cumulative investment in eligible system expansion infrastructure and revenue collected through a system expansion rider as a deferred cost. Such deferred costs shall be accounted for as a regulatory asset and shall not be subject to write-off or write-down by the Commission in an earnings test filing made pursuant to Commission rules governing utility rate increases and annual informational filings.B\n\nIf a natural gas utility collects all of the deferred eligible system expansion infrastructure costs, as well as all eligible expansion investment, through a system expansion rider prior to the expiration of the time period specified in its system expansion plan pursuant to clause (ii) of subsection A of § 56-611, the system expansion rider shall terminate. A natural gas utility may extend the system expansion rider beyond the period it is proposed to be in effect if necessary to recover any uncollected deferral or eligible system expansion infrastructure costs. A natural gas utility shall notify the Commission of any termination or extension of a system expansion rider at least 60 days prior to its termination or extension. Such termination or extension of the system expansion rider shall be subject to Commission approval.C\n\nDeferral of costs recovered pursuant to this chapter shall have no effect on the recovery of any other cost by the natural gas utility and shall not be included in any computation relative to a performance-based regulation plan revenue-sharing mechanism.","order_by":null,"text":{"0":{"id":291870,"text":"A natural gas utility shall account for the difference between actual monthly eligible system expansion infrastructure costs incurred on the cumulative investment in eligible system expansion infrastructure and revenue collected through a system expansion rider as a deferred cost. Such deferred costs shall be accounted for as a regulatory asset and shall not be subject to write-off or write-down by the Commission in an earnings test filing made pursuant to Commission rules governing utility rate increases and annual informational filings.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":291871,"text":"If a natural gas utility collects all of the deferred eligible system expansion infrastructure costs, as well as all eligible expansion investment, through a system expansion rider prior to the expiration of the time period specified in its system expansion plan pursuant to clause (ii) of subsection A of § 56-611, the system expansion rider shall terminate. A natural gas utility may extend the system expansion rider beyond the period it is proposed to be in effect if necessary to recover any uncollected deferral or eligible system expansion infrastructure costs. A natural gas utility shall notify the Commission of any termination or extension of a system expansion rider at least 60 days prior to its termination or extension. Such termination or extension of the system expansion rider shall be subject to Commission approval.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":291872,"text":"Deferral of costs recovered pursuant to this chapter shall have no effect on the recovery of any other cost by the natural gas utility and shall not be included in any computation relative to a performance-based regulation plan revenue-sharing mechanism.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":16046,"edition_id":1,"name":"Natural Gas System Expansion Infrastructure","identifier":"28","label":"chapter","depth":2,"order_by":1,"parent_id":12881,"metadata":{},"date_created":"2026-06-26 04:04:37","date_modified":"2026-06-26 04:04:37","permalink":{"id":250919,"object_type":"structure","relational_id":16046,"identifier":"28","token":"56\/28","url":"\/56\/28\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12881,"edition_id":1,"name":"Public Service Companies","identifier":"56","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:58","date_modified":"2026-06-26 03:43:58","permalink":{"id":248473,"object_type":"structure","relational_id":12881,"identifier":"56","token":"56","url":"\/56\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":63713,"structure_id":16046,"section_number":"56-610","catch_line":"Definitions","url":"\/56-610\/","token":"56\/28\/56-610","metadata":false},{"id":81639,"structure_id":16046,"section_number":"56-611","catch_line":"Petition to establish or amend expansion plan; cost recovery; procedures","url":"\/56-611\/","token":"56\/28\/56-611","metadata":false},{"id":81463,"structure_id":16046,"section_number":"56-612","catch_line":"Deferral of eligible system expansion infrastructure costs","url":"\/56-612\/","token":"56\/28\/56-612","metadata":false},{"id":62958,"structure_id":16046,"section_number":"56-613","catch_line":"Construction project compliance","url":"\/56-613\/","token":"56\/28\/56-613","metadata":false}],"previous_section":{"id":81639,"structure_id":16046,"section_number":"56-611","catch_line":"Petition to establish or amend expansion plan; cost recovery; procedures","url":"\/56-611\/","token":"56\/28\/56-611","metadata":false},"next_section":{"id":62958,"structure_id":16046,"section_number":"56-613","catch_line":"Construction project compliance","url":"\/56-613\/","token":"56\/28\/56-613","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/56-612\/","history_text":"

This law was first created in 2015. The record of its establishment is cataloged in chapters 28<\/a> and 231<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":81639,"section_number":"56-611","catch_line":"Petition to establish or amend expansion plan; cost recovery; procedures","order_by":null,"url":"\/56-611\/"}],"refers_to":[{"id":81639,"section_number":"56-611","catch_line":"Petition to establish or amend expansion plan; cost recovery; procedures","order_by":null,"url":"\/56-611\/"}],"permalink":{"id":250929,"object_type":"law","relational_id":81463,"identifier":"56-612","token":"56\/28\/56-612","url":"\/56-612\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/56-612\/","token":"56\/28\/56-612","dublin_core":{"Title":"Deferral of eligible system expansion infrastructure costs","Type":"Text","Format":"text\/html","Identifier":"\u00a7 56-612","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A natural gas utility<\/span> shall account for the difference between actual monthly eligible system expansion infrastructure<\/span> costs incurred on the cumulative investment in eligible system expansion infrastructure<\/span> and revenue collected through a system expansion rider<\/span> as a deferred cost. Such deferred costs shall be accounted for as a regulatory asset and shall not be subject to write-off or write-down by the Commission<\/span> in an earnings test filing made pursuant to Commission<\/span> rules governing utility rate<\/span> increases and annual informational filings. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> If a natural gas utility<\/span> collects all of the deferred eligible system expansion infrastructure<\/span> costs, as well as all eligible expansion investment<\/span>, through a system expansion rider<\/span> prior to the expiration of the time period specified in its system expansion plan<\/span> pursuant to clause (ii) of subsection A of § 56-611<\/a>, the system expansion rider<\/span> shall terminate. A natural gas utility<\/span> may extend the system expansion rider<\/span> beyond the period it is proposed to be in effect if necessary to recover any uncollected deferral or eligible system expansion infrastructure<\/span> costs. A natural gas utility<\/span> shall notify the Commission<\/span> of any termination or extension of a system expansion rider<\/span> at least 60 days prior to its termination or extension. Such termination or extension of the system expansion rider<\/span> shall be subject to Commission<\/span> approval. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Deferral of costs recovered pursuant to this chapter shall have no effect on the recovery of any other cost by the natural gas utility<\/span> and shall not be included in any computation relative to a performance-based regulation plan revenue-sharing mechanism. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFERRAL OF ELIGIBLE SYSTEM EXPANSION INFRASTRUCTURE COSTS (\u00a7 56-612)\n\nA. A natural gas utility shall account for the difference between actual monthly\neligible system expansion infrastructure costs incurred on the cumulative\ninvestment in eligible system expansion infrastructure and revenue collected\nthrough a system expansion rider as a deferred cost. Such deferred costs shall\nbe accounted for as a regulatory asset and shall not be subject to write-off or\nwrite-down by the Commission in an earnings test filing made pursuant to\nCommission rules governing utility rate increases and annual informational\nfilings.\n\nB. If a natural gas utility collects all of the deferred eligible system\nexpansion infrastructure costs, as well as all eligible expansion investment,\nthrough a system expansion rider prior to the expiration of the time period\nspecified in its system expansion plan pursuant to clause (ii) of subsection A\nof § 56-611, the system expansion rider shall terminate. A natural gas\nutility may extend the system expansion rider beyond the period it is proposed\nto be in effect if necessary to recover any uncollected deferral or eligible\nsystem expansion infrastructure costs. A natural gas utility shall notify the\nCommission of any termination or extension of a system expansion rider at least\n60 days prior to its termination or extension. Such termination or extension of\nthe system expansion rider shall be subject to Commission approval.\n\nC. Deferral of costs recovered pursuant to this chapter shall have no effect on\nthe recovery of any other cost by the natural gas utility and shall not be\nincluded in any computation relative to a performance-based regulation plan\nrevenue-sharing mechanism.\n\nHISTORY: 2015, cc. 28, 231.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}