{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/62.1-95.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/62.1-95.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/62.1-95.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/62.1-95.html"}],"law_id":81079,"edition_id":1,"section_id":81079,"structure_id":13566,"section_number":"62.1-95","catch_line":"Value of license not to be estimated in valuation for rate making, etc.; intangible water-power value","history":"Code 1950, \u00a7 62-84; 1968, c. 659.","full_text":"In any valuation, for the purpose of rate making or for the purpose of acquisition by the Commonwealth by condemnation or by purchase as above provided for, or the property included in any development licensed under this chapter, there shall not be claimed by the licensee or allowed by the State Corporation Commission any value for the license granted by the Commonwealth for such development, or for the right of the licensee to utilize the natural resources owned by the Commonwealth and used by the licensee in connection with the construction, maintenance and operation of such development, nor shall there be claimed or allowed any appreciation on the intangible water-power value in excess of the fair intangible water-power value at the time of the granting of the license for the construction of such development, such intangible water-power value being distinguished from the value of land or an interest in land, or the right to flood or damage or otherwise utilize land, or to interfere with or to divert water, or to otherwise damage a riparian owner or owners of other real estate. The provisions contained in this section are hereby made an express condition of every license granted hereunder and to the exercise by the licensee of the right of eminent domain in this chapter conferred.","order_by":null,"text":{"0":{"id":290577,"text":"In any valuation, for the purpose of rate making or for the purpose of acquisition by the Commonwealth by condemnation or by purchase as above provided for, or the property included in any development licensed under this chapter, there shall not be claimed by the licensee or allowed by the State Corporation Commission any value for the license granted by the Commonwealth for such development, or for the right of the licensee to utilize the natural resources owned by the Commonwealth and used by the licensee in connection with the construction, maintenance and operation of such development, nor shall there be claimed or allowed any appreciation on the intangible water-power value in excess of the fair intangible water-power value at the time of the granting of the license for the construction of such development, such intangible water-power value being distinguished from the value of land or an interest in land, or the right to flood or damage or otherwise utilize land, or to interfere with or to divert water, or to otherwise damage a riparian owner or owners of other real estate. The provisions contained in this section are hereby made an express condition of every license granted hereunder and to the exercise by the licensee of the right of eminent domain in this chapter conferred.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13566,"edition_id":1,"name":"Water-Power Development, Conservation of Hydroelectric Power Dams and Works","identifier":"7","label":"chapter","depth":2,"order_by":1,"parent_id":12909,"metadata":{},"date_created":"2026-06-26 03:45:16","date_modified":"2026-06-26 03:45:16","permalink":{"id":270449,"object_type":"structure","relational_id":13566,"identifier":"7","token":"62.1\/7","url":"\/62.1\/7\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12909,"edition_id":1,"name":"Waters of the State, Ports and Harbors","identifier":"62.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:00","date_modified":"2026-06-26 03:44:00","permalink":{"id":268199,"object_type":"structure","relational_id":12909,"identifier":"62.1","token":"62.1","url":"\/62.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":54529,"structure_id":13566,"section_number":"62.1-100","catch_line":"Rules of Commission; reports; employment of experts, etc","url":"\/62.1-100\/","token":"62.1\/7\/62.1-100","metadata":false},{"id":64266,"structure_id":13566,"section_number":"62.1-101","catch_line":"Licenses not affected by alteration, amendment or repeal of chapter","url":"\/62.1-101\/","token":"62.1\/7\/62.1-101","metadata":false},{"id":62102,"structure_id":13566,"section_number":"62.1-102","catch_line":"Alteration or amendment of license","url":"\/62.1-102\/","token":"62.1\/7\/62.1-102","metadata":false},{"id":62125,"structure_id":13566,"section_number":"62.1-103","catch_line":"Jurisdiction of United States","url":"\/62.1-103\/","token":"62.1\/7\/62.1-103","metadata":false},{"id":65074,"structure_id":13566,"section_number":"62.1-80","catch_line":"Declaration of public policy","url":"\/62.1-80\/","token":"62.1\/7\/62.1-80","metadata":false},{"id":76400,"structure_id":13566,"section_number":"62.1-80.1","catch_line":"Applicability of chapter","url":"\/62.1-80.1\/","token":"62.1\/7\/62.1-80.1","metadata":false},{"id":63281,"structure_id":13566,"section_number":"62.1-81","catch_line":"\"Waters of the Commonwealth\" defined","url":"\/62.1-81\/","token":"62.1\/7\/62.1-81","metadata":false},{"id":72157,"structure_id":13566,"section_number":"62.1-82","catch_line":"Control and regulation by State Corporation Commission; existing rights of riparian owners","url":"\/62.1-82\/","token":"62.1\/7\/62.1-82","metadata":false},{"id":76133,"structure_id":13566,"section_number":"62.1-83","catch_line":"Dams across waters of Commonwealth","url":"\/62.1-83\/","token":"62.1\/7\/62.1-83","metadata":false},{"id":85122,"structure_id":13566,"section_number":"62.1-84","catch_line":"What \"dam\" includes","url":"\/62.1-84\/","token":"62.1\/7\/62.1-84","metadata":false},{"id":55141,"structure_id":13566,"section_number":"62.1-85","catch_line":"License required to construct dam; application","url":"\/62.1-85\/","token":"62.1\/7\/62.1-85","metadata":false},{"id":61496,"structure_id":13566,"section_number":"62.1-86","catch_line":"Notice of hearing on application","url":"\/62.1-86\/","token":"62.1\/7\/62.1-86","metadata":false},{"id":86050,"structure_id":13566,"section_number":"62.1-87","catch_line":"Proceedings at hearing","url":"\/62.1-87\/","token":"62.1\/7\/62.1-87","metadata":false},{"id":68856,"structure_id":13566,"section_number":"62.1-88","catch_line":"Determination and investigation by Commission","url":"\/62.1-88\/","token":"62.1\/7\/62.1-88","metadata":false},{"id":54636,"structure_id":13566,"section_number":"62.1-89","catch_line":"When license granted","url":"\/62.1-89\/","token":"62.1\/7\/62.1-89","metadata":false},{"id":84729,"structure_id":13566,"section_number":"62.1-90","catch_line":"Rejection of application; requiring applicant to modify plans","url":"\/62.1-90\/","token":"62.1\/7\/62.1-90","metadata":false},{"id":61211,"structure_id":13566,"section_number":"62.1-91","catch_line":"Terms and conditions of license; preventing obstruction of navigation or flow; dams across navigable waters of United States","url":"\/62.1-91\/","token":"62.1\/7\/62.1-91","metadata":false},{"id":58754,"structure_id":13566,"section_number":"62.1-92","catch_line":"Priority of location or appropriation; notice to owners of existing developments","url":"\/62.1-92\/","token":"62.1\/7\/62.1-92","metadata":false},{"id":86436,"structure_id":13566,"section_number":"62.1-93","catch_line":"Time limits on construction of proposed dam and works","url":"\/62.1-93\/","token":"62.1\/7\/62.1-93","metadata":false},{"id":70189,"structure_id":13566,"section_number":"62.1-94","catch_line":"Duration of licenses; acquisition of developments by Commonwealth","url":"\/62.1-94\/","token":"62.1\/7\/62.1-94","metadata":false},{"id":81079,"structure_id":13566,"section_number":"62.1-95","catch_line":"Value of license not to be estimated in valuation for rate making, etc.; intangible water-power value","url":"\/62.1-95\/","token":"62.1\/7\/62.1-95","metadata":false},{"id":84567,"structure_id":13566,"section_number":"62.1-96","catch_line":"Transfer or assignment of license","url":"\/62.1-96\/","token":"62.1\/7\/62.1-96","metadata":false},{"id":61160,"structure_id":13566,"section_number":"62.1-97","catch_line":"Proceedings on violation of terms of license or of provisions of chapter or regulations","url":"\/62.1-97\/","token":"62.1\/7\/62.1-97","metadata":false},{"id":55465,"structure_id":13566,"section_number":"62.1-98","catch_line":"Right of eminent domain of public service corporations","url":"\/62.1-98\/","token":"62.1\/7\/62.1-98","metadata":false},{"id":74361,"structure_id":13566,"section_number":"62.1-99","catch_line":"Water-power developments constructed or acquired prior to certain date","url":"\/62.1-99\/","token":"62.1\/7\/62.1-99","metadata":false}],"previous_section":{"id":70189,"structure_id":13566,"section_number":"62.1-94","catch_line":"Duration of licenses; acquisition of developments by Commonwealth","url":"\/62.1-94\/","token":"62.1\/7\/62.1-94","metadata":false},"next_section":{"id":84567,"structure_id":13566,"section_number":"62.1-96","catch_line":"Transfer or assignment of license","url":"\/62.1-96\/","token":"62.1\/7\/62.1-96","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/62.1-95\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1968, chapter 659.<\/p>","references":false,"refers_to":false,"permalink":{"id":270531,"object_type":"law","relational_id":81079,"identifier":"62.1-95","token":"62.1\/7\/62.1-95","url":"\/62.1-95\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/62.1-95\/","token":"62.1\/7\/62.1-95","dublin_core":{"Title":"Value of license not to be estimated in valuation for rate making, etc.; intangible water-power value","Type":"Text","Format":"text\/html","Identifier":"\u00a7 62.1-95","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>In any valuation, for the purpose of rate making or for the purpose of acquisition by the Commonwealth by condemnation or by purchase as above provided for, or the property included in any development licensed under this chapter, there shall not be claimed by the licensee or allowed by the State Corporation Commission any value for the license granted by the Commonwealth for such development, or for the right of the licensee to utilize the natural resources owned by the Commonwealth and used by the licensee in connection with the construction, maintenance and operation of such development, nor shall there be claimed or allowed any appreciation on the intangible water-power value in excess of the fair intangible water-power value at the time of the granting of the license for the construction of such development, such intangible water-power value being distinguished from the value of land or an interest in land, or the right to flood or damage or otherwise utilize land, or to interfere with or to divert water, or to otherwise damage a riparian owner or owners of other real estate. The provisions contained in this section are hereby made an express condition of every license granted hereunder and to the exercise by the licensee of the right of eminent domain in this chapter conferred.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nVALUE OF LICENSE NOT TO BE ESTIMATED IN VALUATION FOR RATE MAKING, ETC.;\nINTANGIBLE WATER-POWER VALUE (\u00a7 62.1-95)\n\nIn any valuation, for the purpose of rate making or for the purpose of\nacquisition by the Commonwealth by condemnation or by purchase as above provided\nfor, or the property included in any development licensed under this chapter,\nthere shall not be claimed by the licensee or allowed by the State Corporation\nCommission any value for the license granted by the Commonwealth for such\ndevelopment, or for the right of the licensee to utilize the natural resources\nowned by the Commonwealth and used by the licensee in connection with the\nconstruction, maintenance and operation of such development, nor shall there be\nclaimed or allowed any appreciation on the intangible water-power value in\nexcess of the fair intangible water-power value at the time of the granting of\nthe license for the construction of such development, such intangible\nwater-power value being distinguished from the value of land or an interest in\nland, or the right to flood or damage or otherwise utilize land, or to interfere\nwith or to divert water, or to otherwise damage a riparian owner or owners of\nother real estate. The provisions contained in this section are hereby made an\nexpress condition of every license granted hereunder and to the exercise by the\nlicensee of the right of eminent domain in this chapter conferred.\n\nHISTORY: Code 1950, \u00a7 62-84; 1968, c. 659.","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}}