Qualified Projects of Natural Gas Utilities (Virginia)

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Last modified on February 12, 2015.

EZFeed Policy

Place Virginia


   
Applies to States or Provinces Virginia
Name Qualified Projects of Natural Gas Utilities (Virginia)
Policy Category Financial Incentive
Policy Type Property Tax Incentive
Affected Technologies Natural Gas
Active Policy Yes

Implementing Sector State/Province




























Primary Website http://leg1.state.va.us/cgi-bin/legp504.exe?121+sum+HB559



Last Review 2014-09-15



Summary

Permits a natural gas utility to construct the necessary facilities of a qualifying project and to recover the eligible infrastructure development costs necessary to develop the eligible infrastructure for designated projects in future rates. Eligible infrastructure development costs include planning, development, and construction costs and, if applicable, an allowance for funds used during construction, in addition to a return on investment, a revenue conversion factor, depreciation, and property taxes.



Policy Contact

Department Virginia State Corporation Commission
Division Division of Energy Regulation
Address Tyler Building
Address 2 1300 E. Main St.
Place Richmond, Virginia
Zip/Postal Code 23219





     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Va. Code 56-605 through 56-608




Authority 2: H.B. 559



















References