[Federal Register Volume 60, Number 78 (Monday, April 24, 1995)]
[Rules and Regulations]
[Pages 20051-20052]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-10027]
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FEDERAL COMMUNICATIONS COMMISSION
47 CFR Part 61
[CC Docket No. 93-179, FCC 95-133]
Price Cap Rules for Local Exchange Carriers
AGENCY: Federal Communications Commission.
ACTION: Final rule.
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SUMMARY: This action is taken to incorporate explicitly the ``add-
back'' adjustment into the local exchange carrier (LEC) price cap
rules. The explicit add-back rule will first be applied when the LECs
file their 1995 access tariffs. It is intended that the explicit add-
back rule will ensure that [[Page 20052]] the LEC price cap plan
operates as the Commission intended when it adopted the LEC price cap
plan.
EFFECTIVE DATE: May 24, 1995.
FOR FURTHER INFORMATION CONTACT:
Joanne F. Wall, (202) 418-1550.
SUPPLEMENTARY INFORMATION: On March 30, 1995, the Commission adopted a
Report and Order in CC Docket No. 93-179 amending the Commission's LEC
price cap rules. This order makes explicit the requirement that LECs
must exclude the effects of sharing and low-end adjustments relating to
the prior year before computing the earnings levels that determine
required sharing or permitted low-end adjustments for the current year.
The Commission found that this requirement, known as the ``add-back
adjustment'' rule, is essential to ensure that the sharing and low-end
adjustments of the LEC price cap plan achieve their intended purpose.
The full text of this item is available for inspection and copying
during normal business hours in the FCC Reference Center (Room 239) of
the Federal Communications Commission, 1919 M Street, NW., Washington,
DC 20554. The complete text of this decision may be purchased from the
Commission's duplicating contractor, International Transcription
Service, Inc., 2100 M Street, NW., Suite 140, Washington, DC 20036,
(202) 857-3800.
List of Subjects in 47 CFR Part 61
Communications common carriers, Reporting and recordkeeping
requirements, Telegraph, Telephone.
Federal Communications Commission.
William F. Caton,
Acting Secretary.
Part 61 of Title 47 of the Code of Federal Regulations is amended
as follows:
PART 61--TARIFFS
1. The authority citation continues to read as follows:
Authority: Secs. 1, 4(i), 4(j), 201-205, and 403 of the
Communications Act of 1934, as amended; 47 U.S.C. 151, 154(i),
154(j), 201-205, and 403.
2. Section 61.3(e) is amended by adding a last sentence to read as
follows:
Sec. 61.3 Definitions.
* * * * *
(e) * * * Base year or base period earnings shall not include
amounts associated with exogenous adjustments to the PCI for the
sharing or lower formula adjustment mechanisms.
* * * * *
[FR Doc. 95-10027 Filed 4-21-95; 8:45 am]
BILLING CODE 6712-01-M
