Qualified Projects of Natural Gas Utilities (Virginia)
Last modified on February 12, 2015.
|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|
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.
|Department||Virginia State Corporation Commission|
|Division||Division of Energy Regulation|
|Address 2||1300 E. Main St.|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Va. Code 56-605 through 56-608|
|Authority 2:||H.B. 559|