Connecticut AG Seeks Frontier Reorg Rejection
Connecticut should reject Frontier Communications’ bankruptcy reorganization, said state Attorney General William Tong (D) in a Monday brief at the Public Utilities Regulatory Authority (PURA). The record fails to show that Frontier meets statutory requirements for approval, that the company…
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has "the suitability and responsibility to provide safe, adequate or reliable service to the public, or that the transaction is in the public interest,” Tong wrote. PURA should impose conditions if it says yes, said Tong. “Frontier refused to make any commitments to ensure local control, continued capital investment in plant and operation or maintaining its corporate headquarters in Connecticut.” At minimum, include a “most-favored nation” clause so Connecticut can benefit from conditions in other states, the AG said. Minnesota's AG last week sought to get the same Frontier concessions as other states (see 2011200040). Removing more than $10 billion of debt and nearly $1 billion in annual interest obligations will let the carrier invest in network and operations and continue to compete in Connecticut and 24 other states, a company spokesperson emailed Monday: The telco got OKs in 11 states and looks "forward to addressing all appropriate issues in our few remaining approval states, including Connecticut."