{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/56-81.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/56-81.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/56-81.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/56-81.html"}],"law_id":75419,"edition_id":1,"section_id":75419,"structure_id":14481,"section_number":"56-81","catch_line":"Summary order prohibiting treatment of payments as operating expenses, etc","history":"1934, p. 745; Michie Code 1942, \u00a7\u00a7 3774g, 3774h.","full_text":"Whenever the Commission shall find upon investigation (1) that any public service company is giving effect to any contract or arrangement of the character described in \u00a7 56-77, entered into after March 29, 1934, when such contract or arrangement shall not have been filed with the Commission as required by this chapter, or (2) that any public service company is making payment to an affiliated interest, although such payments have been disallowed and disapproved by the Commission under this chapter or in a proceeding involving the public service company’s rates or practices, the Commission may, in the former case, and shall, in the latter case, issue a summary order prohibiting the public service company from treating any payments made under the terms of such contract or arrangement or any payments so disallowed and disapproved as operating expenses or as capital expenditures for rate or valuation purposes, unless and until such payments shall have received the approval of the Commission.","order_by":null,"text":{"0":{"id":270737,"text":"Whenever the Commission shall find upon investigation (1) that any public service company is giving effect to any contract or arrangement of the character described in \u00a7 56-77, entered into after March 29, 1934, when such contract or arrangement shall not have been filed with the Commission as required by this chapter, or (2) that any public service company is making payment to an affiliated interest, although such payments have been disallowed and disapproved by the Commission under this chapter or in a proceeding involving the public service company’s rates or practices, the Commission may, in the former case, and shall, in the latter case, issue a summary order prohibiting the public service company from treating any payments made under the terms of such contract or arrangement or any payments so disallowed and disapproved as operating expenses or as capital expenditures for rate or valuation purposes, unless and until such payments shall have received the approval of the Commission.","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 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chapter","url":"\/56-87\/","token":"56\/4\/56-87","metadata":false}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/56-81\/","history_text":false,"references":false,"refers_to":[{"id":55874,"section_number":"56-77","catch_line":"Certain contracts must be approved by the Commission","order_by":null,"url":"\/56-77\/"}],"permalink":{"id":251119,"object_type":"law","relational_id":75419,"identifier":"56-81","token":"56\/4\/56-81","url":"\/56-81\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/56-81\/","token":"56\/4\/56-81","dublin_core":{"Title":"Summary order prohibiting treatment of payments as operating expenses, etc","Type":"Text","Format":"text\/html","Identifier":"\u00a7 56-81","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Whenever the Commission<\/span> shall find upon investigation (1) that any public service company<\/span> is giving effect to any contract<\/span> or arrangement of the character described in \u00a7 56-77<\/a>, entered into after March 29, 1934, when such contract<\/span> or arrangement shall not have been filed with the Commission<\/span> as required by this chapter, or (2) that any public service company<\/span> is making payment to an affiliated interest<\/span>, although such payments have been disallowed and disapproved by the Commission<\/span> under this chapter or in a proceeding involving the public service company<\/span>’s rates<\/span> or practices, the Commission<\/span> may, in the former case, and shall, in the latter case, issue<\/span> a summary order<\/span> prohibiting the public service company<\/span> from treating any payments made under the terms of such contract<\/span> or arrangement or any payments so disallowed and disapproved as operating expenses or as capital expenditures for rate<\/span> or valuation purposes, unless and until such payments shall have received the approval of the Commission<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSUMMARY ORDER PROHIBITING TREATMENT OF PAYMENTS AS OPERATING EXPENSES, ETC (\u00a7\n56-81)\n\nWhenever the Commission shall find upon investigation (1) that any public\nservice company is giving effect to any contract or arrangement of the character\ndescribed in \u00a7 56-77, entered into after March 29, 1934, when such contract or\narrangement shall not have been filed with the Commission as required by this\nchapter, or (2) that any public service company is making payment to an\naffiliated interest, although such payments have been disallowed and disapproved\nby the Commission under this chapter or in a proceeding involving the public\nservice company’s rates or practices, the Commission may, in the former\ncase, and shall, in the latter case, issue a summary order prohibiting the\npublic service company from treating any payments made under the terms of such\ncontract or arrangement or any payments so disallowed and disapproved as\noperating expenses or as capital expenditures for rate or valuation purposes,\nunless and until such payments shall have received the approval of the\nCommission.\n\nHISTORY: 1934, p. 745; Michie Code 1942, \u00a7\u00a7 3774g, 3774h.","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}}