Knowing Your State Regulatory Commission.

[Name][Professor][Subject][Date]Virginia body politic Regulatory representationThe Virginia State Regulatory Commission has been give by the government the regulatory dictum to check the businesses in the introduce and the economic interests of the business in Virginia . The Commonwealth of Virginia State quite a little Commission (2007 ) had stated 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 telegraph industries only . As the age went by , the SCC already includes utilities , insurance , state-chartered financial institutions , securities , retail franchising and railroads . The commission is now considered as the state s central organizer of records for unlike businesses in the state such as corporations partnerships , limited obligation companies and Uniform Commercial Code 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 can only be changed by the Virginia Supreme CourtLooking back in the year 1902 , the State Corporation Commission (SCC was created to substitute the Board of Public Works and the percentage of the Railroad Commissioner . The Commission has three 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 across industries with the help of Virginia General crowd . According to the SCC Background from the website of the State Regulatory Commission HYPERLINK hypertext transfer protocol /www .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 court of record and hold formal hearings if necessary .

The SCC can also put into effect its s by means of the use 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 sets the rates for the industryThe main goal of the commission is to balance the interests of all citizens , businesses , stockholders and customers . As enumerated in the website , the commission s aims argon to assure quality service from the regulated businesses in the state , assure that the companies are financially able to meet their obligations to the citizens , append assistance to the citizens who are need of the Commission s service to top their dispute with the regulated companies , provide rules and regulations that would give requirements of social and expert hanges and lastly , 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 Figure 1 on the next pageSource : Schrad , Ken , The Commission : Overview of the Commission...If you want to get a full essay, order it on our website: Orderessay

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