how to raise the phone bill of the average new jersey family

TABLE OF CONTENTSExecutive Summary 1I. Introduction: S 2664 Will Raise the Telephone Bill Of The Average New Jersey Family 3II. S2664 Destroys Consumer Protections That Have Worked For New Jersey FamiliesFor Decades 4Phone Regulation is Working for New Jersey Consumers 4S 2664 Will Raise Phone Rates and Hurt Quality for Consumers 4S 2664 is Far More Radical than Most Other State Phone Deregulation Efforts 5III. Failure of Phone Deregulation Nationally 7Phone Rates Have Increased Significantly in Most States After Deregulation 7The California Results of Deregulation 7Higher Phone Rate Increases Would Follow the Pattern of Cable Deregulation 7Loss of Consumer Protections 7IV. The Danger of Asset Sales Shows the Need for Regulatory Vigilance 9Verizon Has Left a Trail of Bankruptcies and Defrauded Shareholders in the Wake of itsAsset Sales 9Customers Suffered Massive Quality of Service Problems 9How Strong Regulatory Supervision of Landline Asset Sales Have Benefitted Consumers inOther States 9S 2664 Will Harm New Jersey Consumers in the Event of a Verizon Asset Sale 10V. S 2664’s Rush to Deregulate is Based on Too Little Evidence and Ignores the Poor TrackRecord of Deregulation in Other States and Industries 12Regulation is Needed for Effective Competition and Consumer Protection 12Landline Markets are Not Competitive 12Wireless and VOIP Services are Not a Competitive Substitute for Wireline Telephone Services 13VI. Conclusion 15Appendix 16Endnotes 22Nathan Newman | Richard Brodsky