how to raise the phone bill of the average new jersey family
how to raise the phone bill of the average new jersey family
how to raise the phone bill of the average new jersey family
- No tags were found...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Each condition must be within <strong>the</strong> Commission’s statu<strong>to</strong>ry authority. It must also be enforceable in practice…The enforceability <strong>of</strong> a condition <strong>of</strong>ten requires that <strong>the</strong>re be ei<strong>the</strong>r a compelling inducement for compliance oran effective sanction for noncompliance. 42S 2664 Will Leave New Jersey Regula<strong>to</strong>rs Without <strong>the</strong> Statu<strong>to</strong>ry Authority <strong>to</strong> Impose Effective Conditionson Verizon or Any Company that Purchases its Assets. Additionally, state regula<strong>to</strong>rs will lack ei<strong>the</strong>r <strong>the</strong>regula<strong>to</strong>ry inducements or effective sanctions <strong>to</strong> prevent non-compliance. The net effect will be that, whileo<strong>the</strong>r states will be able <strong>to</strong> leverage such asset sales <strong>to</strong> protect consumers and secure investments in <strong>the</strong>ir stateeconomies, New Jersey consumers will likely just see higher rates and lower quality.S 2664 Will Help Turn Verizon’s Landline Assets in New Jersey In<strong>to</strong> a Cash Cow that Can Be Sold <strong>to</strong>Benefit Verizon’s Shareholders and be used by any company acquiring those assets <strong>to</strong> fund acquisitions and<strong>the</strong> investments required by regula<strong>to</strong>rs in o<strong>the</strong>r states. De fac<strong>to</strong> New Jersey ratepayers could end up fundingeconomic development required by o<strong>the</strong>r states through higher <strong>phone</strong> rates on New Jersey residents.Given Verizon’s pattern <strong>of</strong> <strong>phone</strong> line asset sales and <strong>the</strong> disastrous experience <strong>of</strong> o<strong>the</strong>r states that have gonethrough those sales, enacting S 2664 radically endangers consumers in <strong>the</strong> state and may cost <strong>the</strong> state hundreds<strong>of</strong> millions <strong>of</strong> dollars in foregone economic development if regula<strong>to</strong>rs lack <strong>the</strong> authority <strong>to</strong> impose effectiveconditions if asset sales occur.11 How To Raise The Phone Bill Of The Average New Jersey Family: What S 2664 Will Do To NJ Consumers