Code of Virginia
Chapter 17 - State Operation of Public Utilities
§ 56-522. Compensation to utility

The utility shall be entitled to receive reasonable, proper and lawful compensation for the use of its business, facilities and properties by the Commonwealth. In the event the parties in interest are unable to agree upon the amount of such compensation either party may file a petition in the court rendering judgment requiring delivery of possession of the utility, or in the event no such judgment was rendered, in any court mentioned in § 56-516, for the purpose of having the same judicially determined. The court shall, without a jury, hear such evidence and argument of counsel as may be deemed appropriate and render judgment thereon or may, subject to the provisions of § 8.01-607, refer to a commissioner such questions as are considered proper and act upon the commissioner's report as permitted in the statutes and rules governing commissioners' proceedings. An appeal shall be to the Supreme Court from any final judgment of the court rendered under this section. If the amount of compensation so determined shall be less than the sum paid to the utility under the provisions of § 56-520 the utility shall return the excess by paying the same to the State Treasurer to be credited as the Governor may direct in accordance with the provisions of § 56-518.
1952, c. 696; 2005, cc. 681, 885.

Structure Code of Virginia

Code of Virginia

Title 56 - Public Service Companies

Chapter 17 - State Operation of Public Utilities

§ 56-509. Uninterrupted functioning and operation of essential public utilities

§ 56-510. Duty of Governor when there is threat of curtailment, interruption, etc., of operation

§ 56-511. Power of Governor to possess and operate utility

§ 56-512. Employment of utility employees by Commonwealth; information to be furnished

§ 56-513. Replacement of utility employees unwilling to work for Commonwealth

§ 56-514. Status as employee of utility unaffected by acceptance or refusal of employment by Commonwealth

§ 56-515. Entry upon property of utility after proclamation of intention to take possession

§ 56-516. When possession of utility to be delivered; procedure upon refusal of possession

§ 56-517. Interference with or obstruction of Governor, state representative or agent

§ 56-518. Expense of operation, etc.; payment of revenues, etc., into state treasury

§ 56-519. Previously established salaries, wages, conditions of employment, etc., to be observed; collective bargaining

§ 56-520. Collection and disposition of revenues accruing from utility

§ 56-521. Restoring possession to utility

§ 56-522. Compensation to utility

§ 56-523. Definitions

§ 56-524. Penalties

§ 56-525. Injunction against violation of chapter

§ 56-526. Duty of Commonwealth's attorneys and Attorney General; employment of special counsel

§ 56-527. Chapter not applicable to certain carriers

§ 56-528. Governor's powers as commander in chief not impaired