The New Jersey Board of Public Utilities approved a regulation p...
The New Jersey Board of Public Utilities approved a regulation plan for Verizon that will give the telco broad pricing flexibility for most retail services and allow the company its first basic exchange rate increases in 12 years. The…
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agreement will allow Verizon’s residential basic service to rise from $18 monthly (including taxes and fees) to $27 the next three years, during which basic business service will rise from $26 (including taxes and fees) to $38. The BPU kept rate regulation of directory assistance and installation charges, but allowed DA rates to rise from 50 cents to $1.50 per call in steps the next three years. The monthly free-call allowance will fall to two calls from four. The BPU also will allow installation charges to rise to $50 from $42 over the three-year span. The changes will take effect with September bills. Verizon had sought full pricing flexibility for all its retail services but the state Office of Public Advocate urged keeping price caps for basic local services.