Knowing Your State Regulatory Commission.

[Name][Professor][Subject][Date]Virginia body politic Regulatory officeThe Virginia put in Regulatory deputation has been give by the government the regulatory dictum to retain the businesses in the introduce and the economic interests of the business in Virginia . The rural area of Virginia State quite a little way (2007 ) had express that the guidance is given the authority to set the grade charged by the investor owned utilities . The rates regulated by the Commission allot as the benchmark of all the corporations in Virginia . When the representation was first established , it was meant to grapple the railroad telephone and electrify industries only . As the age went by , the SCC already includes utilities , indemnity , nation-chartered financial institutions , securities , retail franchising and railroads . The care is now considered as the articulate s central organizer of records for unlike businesses in the state such(prenominal) as corporations partnerships , limited obligation companies and Uniform Commercial calculate liens . The commission is considered as an free-lance body of government which has been delegated by the administrative , legislative and juridical powers . The decision of the commission stomach only be changed by the Virginia irresponsible CourtLooking back in the year 1902 , the State Corporation Commission (SCC was created to substitute the get along with of Public Works and the percentage of the Railroad Commissioner . The Commission has 3 members and it is tasked to managed the state railroads , telecommunications and in the modification of businesses in the Virginia State . The SCC operated on March 2 , 1903 . It has expand its regulatory authority crossways industries with the help of Virginia General crowd . According to the SCC Background fr om the website of the State Regulatory Commi! ssion HYPERLINK hypertext transfer protocol / vane .scc .gov www .scc .gov , the Virginia 1902 constitution gave power of judicial , legislative and executive to the SCC . This in turn had made the commission serve as the hail of record and hold formal hearings if necessary .

The SCC can similarly put into effect its s by means of the manipulation of fines and contempt citations . The right to appeal is only through the Virginia Supreme Court . The Commissions executive authority is being implement in its daily administration and its legislative function is carried off when the commission makes rules or set s the rates for the industryThe main goal of the commission is to equilibrate the interests of all citizens , businesses , stockholders and customers . As enumerated in the website , the commission s aims argon to turn back quality service from the regulated businesses in the state , undertake that the companies are financially able to meet their obligations to the citizens , append care to the citizens who are need of the Commission s service to top their animosity with the regulated companies , provide rules and regulations that would give requirements of social and expert hanges and eventually , to consider environmental impacts of equipments and other facilities proposed for construction in the state by the regulated companies . The SCC Organizational Chart is shown in issue 1 on the next pageSource : Schrad , Ken , The Commission : Overview of the Commission...If you unavoidableness to get a full essay, order it on our website: OrderCustomPaper.com

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