N.M. Gov. Bill Richardson (D) signed a bill to reform that state’...
N.M. Gov. Bill Richardson (D) signed a bill to reform that state’s universal service fund. The new law (HB-776) requires the Public Regulation Commission to set affordability benchmark rates as the basis for subsidy by the state fund. Under…
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the new law, the PRC periodically must review the benchmark rates through a rulemaking. The new law amends criteria for deciding when an application for eligible telecom carrier (ETC) status is in the public interest. The new criteria require the PRC to consider effects on the state fund of an additional ETC in a market and the additional ETC’s contribution to meaningful customer choice. The measure requires the PRC to act as necessary to ensure that intrastate access charges drop to interstate levels by May 2008.