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State Corporation Commission
From Wikipedia, the free encyclopedia
The State Corporation Commission, or SCC, is a Virginia regulatory agency whose authority encompasses utilities, insurance, state-chartered financial institutions, securities, retail franchising, and railroads. Examples of SCC activities include:
- Granting of the charter of the now defunct Marion and Rye Valley Railway in 1891
- Adopting rules for E911 services;
- Approving rate increases for telephone companies, utilities, etc. and approving rate restructuring plans;
- Directing companies to lower rates;
- Releasing annual "Price to Compare" benchmarks to help customers choose the lowest-cost providers in the electricity market; and
- Seeking public comments on proposed mergers.
The State Corporation Commission's memembership, powers, duties, and procedures are set out inr Article IX of the Constitution of Virginia[1]. Section 4 of that Article allows parties aggrieved by the SCC's decisions to appeal to the Virginia Supreme Court[2].