THE VIRGINIAN-PILOT
Copyright (c) 1994, Landmark Communications, Inc.
DATE: Saturday, November 5, 1994 TAG: 9411050665
SECTION: BUSINESS PAGE: D2 EDITION: FINAL
SOURCE: ASSOCIATED PRESS
DATELINE: RICHMOND LENGTH: Short : 26 lines
Bell Atlantic-Virginia, which last month was allowed to earn unlimited profit on monopoly services, has asked the State Corporation Commission for more freedom from regulation.
The company urged the SCC on Thursday to reverse a decision requiring it to eliminate monthly Touch-Tone charges as a concession for the deregulation of earnings.
Bell Atlantic also asked the SCC to lift a moratorium on rate increases through 2000 on a number of services that face no competition but are not part of basic local exchange service.
The company estimated that the loss of Touch-Tone fees and the inability to raise rates on other services would cost it $150 million to $160 million in revenue over six years.
The SCC has until Tuesday to act on any petitions of its Oct. 18 order. by CNB