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1998 SESSION

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SB 330 Small investor-owned telephone utilities.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Small investor-owned telephone utilities. Redefines "small investor-owned telephone utility" to mean an investor-owned public utility which serves fewer than 100,000 access lines in Virginia and which owns, manages, or controls any plant or equipment or any part of a plant or equipment within the Commonwealth for the conveyance of telephone messages, either directly or indirectly, to or for the public. This new definition shifts these utilities' defining characteristics from gross operating revenues to numbers of access lines.

Under current law, these utilities are defined as investor-owned public utilities (i) having a gross annual operating revenue which does not exceed $10 million or (ii) having a gross annual operating revenue greater than $10 million and less than $30 million and that are not subsidiaries of an interstate utility holding company.


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