20VAC5-411-70: State Corporation Commission authority to set rates

Should the commission ever determine, after notice to the public and any affected interexchange carriers and after an opportunity is afforded for any interested party to be heard, that competition, although previously found by the commission to exist, has ceased to exist among interexchange carriers, it may, pursuant to § 56-241 of the Code of Virginia, require that the rates of such carriers be determined pursuant to Chapter 10 (§ 56-232 et seq.) of Title 56 of the Code of Virginia.