The Commission shall have continuing supervisory control over the terms and conditions of such contracts and arrangements as are herein described so far as necessary to protect and promote the public interest. The Commission shall have the same jurisdiction over the modification or amendment of contracts or arrangements herein described as it has over such original contracts or arrangements. The fact that the Commission shall have approved entry into any such contract or arrangement shall not preclude disallowance or disapproval of payments made pursuant thereto in the future, if upon actual experience under such contract or arrangement, it appears that the payments provided for, or made, were, or are, unreasonable. Every order of the Commission approving any such contract or arrangement shall be expressly conditioned upon the reserved power of the Commission to revise and amend the terms and conditions thereof, if, when and as necessary to protect and promote the public interest.
1934, p. 745; Michie Code 1942, § 3774f.
Structure Code of Virginia
Title 56 - Public Service Companies
Chapter 4 - Regulation of Relations with Affiliated Interests
§ 56-77. Certain contracts must be approved by the Commission
§ 56-78. Exclusion from accounts of payments to affiliated companies
§ 56-79. Proof of costs in cases of payment to affiliated companies
§ 56-80. Continuing supervisory control over terms and conditions of contracts
§ 56-81. Summary order prohibiting treatment of payments as operating expenses, etc.
§ 56-82. Approval of loans to affiliates, etc.
§ 56-83. Summary order prohibiting payment of dividends to affiliates