Verizon proposed new price regulation plan for N.J. starting in J...
Verizon proposed new price regulation plan for N.J. starting in Jan. 2002 after current plan expires. New plan would keep rates for basic residential and single-line business service unchanged from present levels, but would deregulate rates for multiline business…
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services and allow Verizon to introduce new services under same minimal rules applied to CLECs. In return, Verizon told N.J. Board of Public Utilities that it would donate additional $20 million for its program to deliver advanced high- speed digital services to N.J. K-12 schools and public libraries. Company also pledged to allow low-income customers to self-certify their Lifeline eligibility and to expand Lifeline education and outreach programs. Verizon’s offer would continue its $8.19 monthly rate for basic local residential service and would continue basic exchange as stand-alone service, unlike unsuccessful previous proposal that would have doubled basic rates by redefining basic service to include several optional calling features. In new proposal, Verizon said it would donate additional $14 million for high-speed data networking equipment at schools ad libraries, and $6 million additional to expand interactive video gateway service for distance learning and videoconferencing. Verizon also said it would extend current rate discounts to schools and libraries through 2004, and extend through 2007 the terms of new discount school/library contracts signed between now and 2004.