Verizon in Mass. proposed replacement for current price cap regul...
Verizon in Mass. proposed replacement for current price cap regulation plan that “reflects the growth of telecom competition” in that state, where 850,000 lines are served by CLECs. Proposed plan would roll separate 49-cent residential Touch Tone dialing into…
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basic local rate and then cap residential basic exchange rate for 3 years. Measured local usage charges also would be capped for 3 years at present level. There would be revenue cap on nonbasic residential services that would permit revenue-neutral rate changes. Rates for all other retail services would be deregulated. Wholesale services would remain under current regulations. Service quality performance plan with rebates to customers for service quality shortfalls is proposed. Accompanying retail rate proposal would give regulators 2 different options for bringing intrastate access charges in line with recent interstate reforms in CALLS plan adopted by FCC. First option would cut switched access charges to interstate levels, with revenue loss offset by $1.63 increase in residential basic exchange rate. Second option would phase in access cut to interstate levels over 3 years, with smaller annual residential rate increases. Access plan also would allow Verizon to make additional $1 monthly residential rate increase over next 4 years, providing it made offsetting decrease in residential intrastate toll rates.