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PSC accepts Frontier bankruptcy settlement | News, Sports, Jobs


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. ....

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PSC accepts Frontier bankruptcy settlement after letters urge scrutiny | News, Sports, Jobs


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. ....

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Concerns remain after PSC approves Frontier bankruptcy agreement | News, Sports, Jobs


Frontier Communication’s headquarters on the Kanawha River in Charleston. (Photo by Steven Allen Adams)
CHARLESTON West Virginia became the 12th state to accept the bankruptcy reorganization plan from Frontier Communications, even though lawmakers still have concerns whether Frontier can live up to its promises to expand broadband service across the state.
The state Public Service Commission released two orders Friday: one accepting a proposed settlement agreement between Frontier, PSC attorneys, the PSC’s Consumer Advocate Division and the Communication Workers of America union and the other accepting the results from a long-anticipated focused management audit of the company.
The two orders impose strict conditions on Frontier to improve its copper-line phone and internet services, as well as expand its fiber broadband internet service. Under the joint stipulation agreement approved by the PSC, Frontier agreed to spend $200 million on capital improvements by De ....

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