The West Virginia Public Service Commission approved an agreement...
The West Virginia Public Service Commission approved an agreement between Verizon, the state Consumer Advocate Division and the PSC staff on how universal service subsidies will be split between rate support and network upgrading. Verizon anticipates receiving $21.6 million…
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in universal service subsidies next year. Under the approved agreement (Case 07-1989-T-P), Verizon will apply $5.7 million toward rate support. It will apply the remaining $15.9 million to network construction, and will match the federal funding with $7.9 million of its own money. Any funds not spent in 2008 will be carried over to 2009. A provision within the agreement will encourage broadband upgrades at remote loop terminals serving fewer than 200 lines by letting Verizon reduce its matching obligation by $250,000 for each remote terminal upgraded to broadband. Upgrading terminals serving between 200 and 300 lines will net a $150,000 reduction. New installations of broadband-capable remote terminals would net a $350,000 reduction. The reduction total will be capped at $1.5 million.