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Verizon Fla. (formerly GTE) asked Fla. PSC for 1.57% ($3.5 millio...

Verizon Fla. (formerly GTE) asked Fla. PSC for 1.57% ($3.5 million) rate increase on basic exchange service and same percentage increase on 2 nonbasic services -- high-speed digital lines and part-time residential service to vacation homes. Five- year basic…

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rate freeze under Verizon’s price cap program expired in Dec., allowing rates to come under inflation indexing. Filing Tues. is company’s first basic-service inflation adjustment under cap program. Increase would add 15 cents to average $11.50 monthly residential rate. Average single-line business rate of $30 would rise 20 cents monthly. Verizon asked for April effective date.