Paper trading is here, introducing an element of speculation in wholesale electric markets.The electric power industry joined the commodity markets on March 29, 1996, when power futures began to...
Telco Cites Competition in Effort to Raise Residential Rates
A move by Bell Atlantic-Pennsylvania, Inc. to "rebalance" its existing rate structure has drawn opposition (em both from competitors that oppose planned reductions in rates for competitive services, and from consumer advocates concerned about the increases in residential rates proposed under the plan.
The Pennsylvania Public Utility Commission (PUC) has now suspended the plan for a full investigation, noting that the proposed rate increases "would have a definite effect on universal service."
The company had defended its "revenue neutral" plan (including over $41 million in residential rate increases), saying it could no longer afford to charge above-market rates for newly competitive services while maintaining below-cost rates for basic service. But the PUC questioned whether local competition justified the rate hikes: "It is obvious that the majority of Bell's local exchange service customers will not have any competitive alternatives for some time to come." Pa. PUC v. Bell Atlantic-Pennsylvania, et al., R-00963550, et al., March 1, 1996 (Pa.P.U.C.).
Articles found on this page are available to Internet subscribers only. For more information about obtaining a username and password, please call our Customer Service Department at 1-800-368-5001.