20 Va. Admin. Code § 5-203-30

Current through Register Vol. 40, No. 22, June 17, 2024

Section 20VAC5-203-30 - Relations between cooperatives and affiliates thereof not engaged in regulated utility services

A. The following practices are prohibited:

1. Cost shifting or cross subsidies between a cooperative and its nonregulated affiliates;

2. Anticompetitive behavior or self-dealing between a cooperative and its nonregulated affiliates; and

3. Discriminatory behavior by a cooperative toward competing suppliers.

B. A cooperative shall include with each application seeking approval of affiliate contracts or arrangements filed with the commission pursuant to Chapter 4 (§ 56-76 et seq.) of Title 56 of the Code of Virginia:

1. A listing and description of internal controls that prevent the practices enumerated in subsection A of this section; and

2. A listing and description of internal controls effecting the Codes of Conduct set forth in 20VAC5-203-40.

20 Va. Admin. Code § 5-203-30

Derived from Virginia Register Volume 16, Issue 23, eff. July 1, 2000.

Statutory Authority

§§ 12.1-13, 56-231.34:1 and 56-231.50:1 of the Code of Virginia.