{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/56-80.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/56-80.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/56-80.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/56-80.html"}],"law_id":57044,"edition_id":1,"section_id":57044,"structure_id":14481,"section_number":"56-80","catch_line":"Continuing supervisory control over terms and conditions of contracts","history":"1934, p. 745; Michie Code 1942, \u00a7 3774f.","full_text":"The Commission shall have continuing supervisory control over the terms and conditions of such contracts and arrangements as are herein described so far as necessary to protect and promote the public interest. The Commission shall have the same jurisdiction over the modification or amendment of contracts or arrangements herein described as it has over such original contracts or arrangements. The fact that the Commission shall have approved entry into any such contract or arrangement shall not preclude disallowance or disapproval of payments made pursuant thereto in the future, if upon actual experience under such contract or arrangement, it appears that the payments provided for, or made, were, or are, unreasonable. Every order of the Commission approving any such contract or arrangement shall be expressly conditioned upon the reserved power of the Commission to revise and amend the terms and conditions thereof, if, when and as necessary to protect and promote the public interest.","order_by":null,"text":{"0":{"id":208954,"text":"The Commission shall have continuing supervisory control over the terms and conditions of such contracts and arrangements as are herein described so far as necessary to protect and promote the public interest. The Commission shall have the same jurisdiction over the modification or amendment of contracts or arrangements herein described as it has over such original contracts or arrangements. The fact that the Commission shall have approved entry into any such contract or arrangement shall not preclude disallowance or disapproval of payments made pursuant thereto in the future, if upon actual experience under such contract or arrangement, it appears that the payments provided for, or made, were, or are, unreasonable. Every order of the Commission approving any such contract or arrangement shall be expressly conditioned upon the reserved power of the Commission to revise and amend the terms and conditions thereof, if, when and as necessary to protect and promote the public interest.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14481,"edition_id":1,"name":"Regulation of Relations With Affiliated Interests","identifier":"4","label":"chapter","depth":2,"order_by":1,"parent_id":12881,"metadata":{},"date_created":"2026-06-26 03:48:17","date_modified":"2026-06-26 03:48:17","permalink":{"id":251097,"object_type":"structure","relational_id":14481,"identifier":"4","token":"56\/4","url":"\/56\/4\/","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":58706,"structure_id":14481,"section_number":"56-76","catch_line":"Definitions","url":"\/56-76\/","token":"56\/4\/56-76","metadata":false},{"id":55874,"structure_id":14481,"section_number":"56-77","catch_line":"Certain contracts must be approved by the Commission","url":"\/56-77\/","token":"56\/4\/56-77","metadata":false},{"id":81232,"structure_id":14481,"section_number":"56-78","catch_line":"Exclusion from accounts of payments to affiliated companies","url":"\/56-78\/","token":"56\/4\/56-78","metadata":false},{"id":84568,"structure_id":14481,"section_number":"56-79","catch_line":"Proof of costs in cases of payment to affiliated companies","url":"\/56-79\/","token":"56\/4\/56-79","metadata":false},{"id":57044,"structure_id":14481,"section_number":"56-80","catch_line":"Continuing supervisory control over terms and conditions of contracts","url":"\/56-80\/","token":"56\/4\/56-80","metadata":false},{"id":75419,"structure_id":14481,"section_number":"56-81","catch_line":"Summary order prohibiting treatment of payments as operating expenses, etc","url":"\/56-81\/","token":"56\/4\/56-81","metadata":false},{"id":72660,"structure_id":14481,"section_number":"56-82","catch_line":"Approval of loans to affiliates, etc","url":"\/56-82\/","token":"56\/4\/56-82","metadata":false},{"id":75136,"structure_id":14481,"section_number":"56-83","catch_line":"Summary order prohibiting payment of dividends to affiliates","url":"\/56-83\/","token":"56\/4\/56-83","metadata":false},{"id":78171,"structure_id":14481,"section_number":"56-84","catch_line":"Application or petition by public service company and affiliates; hearing; action of Commission; conditions imposed on foreign corporations","url":"\/56-84\/","token":"56\/4\/56-84","metadata":false},{"id":71714,"structure_id":14481,"section_number":"56-85","catch_line":"Offenses","url":"\/56-85\/","token":"56\/4\/56-85","metadata":false},{"id":72643,"structure_id":14481,"section_number":"56-86","catch_line":"Appeal from decisions of Commission under chapter","url":"\/56-86\/","token":"56\/4\/56-86","metadata":false},{"id":86159,"structure_id":14481,"section_number":"56-87","catch_line":"Rules of Commission to carry out chapter","url":"\/56-87\/","token":"56\/4\/56-87","metadata":false}],"previous_section":{"id":84568,"structure_id":14481,"section_number":"56-79","catch_line":"Proof of costs in cases of payment to affiliated companies","url":"\/56-79\/","token":"56\/4\/56-79","metadata":false},"next_section":{"id":75419,"structure_id":14481,"section_number":"56-81","catch_line":"Summary order prohibiting treatment of payments as operating expenses, etc","url":"\/56-81\/","token":"56\/4\/56-81","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/56-80\/","history_text":false,"references":false,"refers_to":false,"permalink":{"id":251115,"object_type":"law","relational_id":57044,"identifier":"56-80","token":"56\/4\/56-80","url":"\/56-80\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/56-80\/","token":"56\/4\/56-80","dublin_core":{"Title":"Continuing supervisory control over terms and conditions of contracts","Type":"Text","Format":"text\/html","Identifier":"\u00a7 56-80","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The <span class=\"dictionary\">Commission<\/span> shall have continuing supervisory control over the terms and conditions of such <span class=\"dictionary\">contracts<\/span> and arrangements as are herein described so far as necessary to protect and promote the public interest. The <span class=\"dictionary\">Commission<\/span> shall have the same <span class=\"dictionary\">jurisdiction<\/span> over the modification or amendment of <span class=\"dictionary\">contracts<\/span> or arrangements herein described as it has over such original <span class=\"dictionary\">contracts<\/span> or arrangements. The <span class=\"dictionary\">fact<\/span> that the <span class=\"dictionary\">Commission<\/span> shall have approved entry into any such <span class=\"dictionary\">contract<\/span> or arrangement shall not preclude disallowance or disapproval of payments made pursuant thereto in the future, if upon actual experience under such <span class=\"dictionary\">contract<\/span> or arrangement, it appears that the payments provided for, or made, were, or are, unreasonable. Every <span class=\"dictionary\">order<\/span> of the <span class=\"dictionary\">Commission<\/span> approving any such <span class=\"dictionary\">contract<\/span> or arrangement shall be expressly conditioned upon the reserved power of the <span class=\"dictionary\">Commission<\/span> to revise and <span class=\"dictionary\">amend<\/span> the terms and conditions thereof, if, when and as necessary to protect and promote the public interest.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nCONTINUING SUPERVISORY CONTROL OVER TERMS AND CONDITIONS OF CONTRACTS (\u00a7 56-80)\n\nThe Commission shall have continuing supervisory control over the terms and\nconditions of such contracts and arrangements as are herein described so far as\nnecessary to protect and promote the public interest. The Commission shall have\nthe same jurisdiction over the modification or amendment of contracts or\narrangements herein described as it has over such original contracts or\narrangements. The fact that the Commission shall have approved entry into any\nsuch contract or arrangement shall not preclude disallowance or disapproval of\npayments made pursuant thereto in the future, if upon actual experience under\nsuch contract or arrangement, it appears that the payments provided for, or\nmade, were, or are, unreasonable. Every order of the Commission approving any\nsuch contract or arrangement shall be expressly conditioned upon the reserved\npower of the Commission to revise and amend the terms and conditions thereof,\nif, when and as necessary to protect and promote the public interest.\n\nHISTORY: 1934, p. 745; Michie Code 1942, \u00a7 3774f.","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}}