Changing Price-Cap Carrier Reporting Could Have Negative Consequences, Nevada PUC Says
If the FCC changes financial reporting rules for price-cap carriers, it will have "unintended consequences," said the Nevada Public Utilities Commission in comments in docket 14-130 filed after the formal pleading cycle closed. Reducing financial reporting requirements could undermine access…
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to accounting information that's useful for setting the rates of cost-based, rate-of-return regulated ILECs at the state level and for calculating disbursements to carriers from the state USF, said the PUC. Because the PUC has adopted the current FCC rules for financial reporting, if the FCC changes requirements, it will become a challenge for the small-scale providers of last resort to comply with both levels, the PUC said.