Kelby talks about the filings on the rate issue and note that everyone except the dominant provider agrees that the first two tiers should be expanded. The dominant provider, however, took out a debt to fund shareholder payments and apparently wants someone else to pick up the tab. Links to Purple and other filings are below.
Many have asked what are Purple’s views on the proposed rates. We have studied the NECA report extensively and we filed our comments on this issue last Friday We strongly endorse the multi-year multi-tier methodology. The past few years have seen that stability and predictability leads to competition, innovation and development of new technology.
In the meantime, we are endorsing NECA’s proposed rates based on historical data with the understanding that Tier 1 and 2 be expanded and that the rates be adjusted to compensate for missing or miscalculated costs.
You can read our comments as well as comments from other providers and consumer organizations.