Va. Gov. Mark Warner (D) signed a regulatory parity bill that req...
Va. Gov. Mark Warner (D) signed a regulatory parity bill that requires state regulators to implement rules and decisions in a manner that treats all local exchange providers equally. The new law (HB-938) directs the Va. Corporation Commission to…
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eliminate any requirements to price wholesale or retail services below cost. The main effect of the new law is that it could allow Verizon to seek the same regulation applied to CLECs or wireless carriers. The final law was shorn of original language that would have allowed rate increases of up to 10% per year without regulatory review. Another new Va. law (SB-171) authorized the state E- 911 oversight board to change the schedule for when it disburses funds. Up to now, the board had to distribute funding quarterly. Now, the board can change payments to any other date.