N.J. Ratepayer Advocate Blossom Peretz offered alternative to pri...
N.J. Ratepayer Advocate Blossom Peretz offered alternative to price cap regulation plan proposed by Verizon as successor to expiring current program. Peretz’s proposal to N.J. Board of Public Utilities (BPU) calls for capping residential basic exchange and most other…
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services at current rates through 2005, with deregulation of multiline business service and other competitive services to be tied to Verizon’s losses of market share. Peretz’s plan would require structural separation of Verizon into independent wholesale and retail operations, expansion of local calling areas to include adjacent toll exchanges, overhaul of state universal service support system, telecom technology assistance to schools and libraries. Verizon said Peretz’s plan compared poorly with its own cap proposal and would thwart goals of protecting residential ratepayers and expanding advanced services to schools and libraries while giving company flexibility needed to meet growing competition. Meanwhile, Peretz said she was disappointed BPU had voted to endorse Verizon’s interLATA long distance petition at FCC, which Verizon filed last month without final BPU vote. She said state’s local market wasn’t competitive and said BPU was wrong to believe that local competition would develop if FCC granted Verizon’s Sec. 271 petition.