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Phone Rate Hearing Nears Close in New York Bid
In Albany the Public Service Commission nears the close of its hearing on New York Telephone’s petition for a 20 percent rate increase. With about 4,000 pages of testimony and 22 witnesses, 14 from the company, the record shows the city opposing parts of the plan. The company seeks $69,250,000 in yearly added revenue to offset rising costs and fund expansion, proposing higher monthly charges on most homes and a two dollar hike on most business lines. The hearing recessed until the week of June 28 for oral arguments as commissioners wrap up cross examinations.
MENTIONED IN THIS ARTICLE
Albany
Public Service Commission
New York Telephone Company
PSC
Spencer B. Eddy
Peer
Newark City