The investment group buying Verizon’s Hawaii telephone operation ...
The investment group buying Verizon’s Hawaii telephone operation told the state PUC it has no near-term plans to seek new rates. The Carlyle Group, filing in the PUC’s investigation of the pending sale, said it intends to keep retail…
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service rates unchanged until 2014. Carlyle said it expects long-term increases in sales and profits will allow it to cover operating expenses and system improvements without a rate increase. The group also said it had no plans for layoffs and post-sale employee benefits would be comparable to what employees have now. Meanwhile, the Hawaii PUC set a Sept. 30 deadline for comments on the proposed sale (Case 04-0140). The PUC also ruled that representatives of the U.S. Dept. of Defense and other federal agencies can be official intervenors, along with CLECs Pacific LigntNet and Time Warner Telecom, the IBEW, and Verizon Hawaii retirees.