Virginia Code 56-40: Reduction of rates and charges
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The Commission, in the exercise of its discretion, may permit any public utility corporation to put into effect any proposed revision of its rate schedules, or any part thereof, without notice when the proposed revision effects no increases.
Terms Used In Virginia Code 56-40
- Commission: means the State Corporation Commission. See Virginia Code 56-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Rate: means rate charged for any service rendered or to be rendered. See Virginia Code 56-1
1928, p. 726; Michie Code 1942, § 4065a.