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SureWest's California High Cost Fund B Proposal Approved by CPUC.

PR Newswire

| September 07, 2007 | COPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

ROSEVILLE, Calif., Sept. 7 /PRNewswire-FirstCall/ -- Leading independent telecommunications holding company SureWest Communications today announced that its proposal for a scheduled reduction in draws from the California High Cost Fund B (CHCF-B) was approved by the California Public Utilities Commission (CPUC).

(Logo: http://www.newscom.com/cgi-bin/prnh/20050908/SFSUREWESTLOGO)

Under the proposed plan, the $10.2 million SureWest anticipates receiving in 2007 from the CHCF-B would be reduced by approximately $2 million annually over the course of 5 years. For example, SureWest would receive $10.2 million in 2007, approximately $8.2 million in 2008 and approximately $6.2 million in 2009, continuing that pattern until the number reaches zero in 2012. Various proposals were reviewed by the Commission, including the termination of the CHCF-B reimbursement immediately.

"The approved order is in line with our filed position," says Steve ...


    
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Source: HighBeam Research, SureWest's California High Cost Fund B Proposal Approved by CPUC.

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