                                 CODE OF VIRGINIA

ELECTION TO BE REGULATED AS A COMPETITIVE TELEPHONE COMPANY (§ 56-54.3)

Any telephone company meeting the definition of a competitive telephone company
may elect to be regulated as a competitive telephone company pursuant to the
provisions of this chapter by providing written notice to the Commission of such
election. The election shall be effective 30 days after receipt of the notice by
the Commission unless (i) the Commission notifies the electing telephone company
within that 30-day period that the telephone company does not meet the
definition of a competitive telephone company and (ii) the Commission then
commences a proceeding to challenge the election. In such a proceeding,
interested parties shall be provided notice and an opportunity for a hearing.
The Commission shall issue a final decision on any such proceeding challenging
the election within 60 days of the electing telephone company&#8217;s receipt of
the Commission&#8217;s notification of the commencement of the proceeding to
challenge the election. A telephone company&#8217;s election to be regulated as
a competitive telephone company shall be deemed approved if the Commission fails
to act within this 60-day period. A new entrant may elect to be regulated under
this chapter when it applies for certification pursuant to § 56-265.4:4. Such
an election will be effective upon its certification as a competitive local
exchange carrier.

HISTORY: 2014, cc. 340, 376.