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PA Bulletin, Doc. No. 98-911

NOTICES

Solicitation of Public Comment on the Petition of The Pennsylvania Telephone Association for Waiver of the Pennsylvania Public Utility Commission's Regulation at 52 Pa. Code § 64.41

[28 Pa.B. 2630]

   PUC Doc. No. P-00981357. Petition of The Pennsylvania Telephone Association for Waiver of the Pennsylvania Public Utility Commission's Regulation at 52 Pa.  Code § 64.41.

   On April 3, 1998, The Pennsylvania Telephone Association (PTA) filed a petition with the Pennsylvania Public Utility Commission seeking a waiver of the Commission's regulation which appears at 52 Pa. Code § 64.41. The regulation provides that interest payable by LECs on deposits shall be paid at 9% per annum annually. PTA now seeks PUC permission to utilize the standard set forth in 52 Pa. Code § 56.57, which is that the interest rate be determined by the average rate of 1-year Treasury Bills for the months of September, October and November of the previous year.

   PTA states that the waiver is justified because of the increasingly competitive marketplace and the associated financial pressures that LECs now face. The Treasury Bills standard will, according to PTA, allow the calculation of interest on deposits which mirrors the present financial climate faced by LECs.

   After reviewing the Petition, the Commission has determined that the solicitation of public comments is appropriate. Consequently, the Commission is providing this public notice with the deadline for comments in hand 20 days following the publication in the Pennsylvania Bulletin. The deadline for the filing of reply comments shall be 30 days following publication in the Pennsylvania Bulletin.

   Any person or entity submitting comments must file an original and 15 copies of the comments or reply comments with the Secretary in PUC Docket No. P-00981357.

   The contact person is Susan D. Colwell, Assistant Counsel, Law Bureau, (717) 783-3459. A copy of the Petition may be obtained from Lisa Higley at the Secretary's Office, (717) 787-1013.

JAMES J. MCNULTY,   
Secretary

[Pa.B. Doc. No. 98-911. Filed for public inspection June 5, 1998, 9:00 a.m.]


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