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For The Inter-Mountain
CHARLESTON – Letters sent last Friday from state broadband officials and lawmakers urged the West Virginia Public Service Commission to scrutinize a proposed deal to approve Frontier Communication’s bankruptcy reorganization in anticipation of a Jan. 19 meeting.
Instead, the PSC issued two orders the same day they received the letters, accepting Frontier’s reorganization plan which included promises to make capital improvements and expand broadband internet across the state. In exchange, Frontier must meet monthly and quarterly reporting requirements and could face financial penalties if it falls behind in its promises.
“The PSC’s approval is another step toward Frontier’s emergence from Chapter 11 restructuring,” said Allison Ellis, senior vice president of regulatory affairs for Frontier, in a statement Wednesday.
sadams@newsandsentinel.com
West Virginia on Friday became the 12th state to accept the bankruptcy reorganization plan from Frontier Communications. (Photo by Steven Allen Adams)
CHARLESTON Letters sent last Friday from state broadband officials and lawmakers urged the West Virginia Public Service Commission to scrutinize a proposed deal to approve Frontier Communication’s bankruptcy reorganization in anticipation of a Jan. 19 meeting.
Instead, the PSC issued two orders the same day they received the letters, accepting Frontier’s reorganization plan which included promises to make capital improvements and expand broadband internet across the state. In exchange, Frontier must meet monthly and quarterly reporting requirements and could face financial penalties if it falls behind in its promises.
For The Inter-Mountain
CHARLESTON The West Virginia Public Service Commission could approve Frontier Communication’s bankruptcy reorganization plan next month, though Frontier plans to use its winning bid of federal rural broadband dollars to sweeten the deal, raising concerns.
Last Friday, the PSC made available the joint stipulation and settlement agreement between Frontier, PSC staff, and PSC Consumer Advocate Division, and the Communication Workers of America union. If approved by the full commission on Tuesday, Jan. 19, West Virginia would be the 11th state to accept Frontier’s bankruptcy reorganization plan.
According to the proposed agreement, Frontier’s operations in West Virginia would be known as “InvestCo.” As part of the designation, Frontier agreed to voluntarily deploy gigabit broadband services to no less than 150,000 locations in West Virginia by Dec. 31, 2027.
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