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House Journal: Page 1324: Thursday, April 6, 1995

10   which elects to reduce its rates by six percent shall
11   not, at a later time, increase its rates for basic
12   communications services as a result of the carrier's
13   compliance with the board's rules relating to
14   unbundling.  In lieu of the six percent reduction, and
15   prior to the adoption of rules relating to unbundling
16   pursuant to section 476.30D, subsection 4, paragraph
17   "a", subparagraph (1), the local exchange carrier may
18   request and the board may establish a regulated
19   revenue requirement in a rate proceeding under section
20   476.3 or 476.6 commenced after the effective date of
21   this Act.  After the determination of the local
22   exchange carrier's regulated revenue requirement
23   pursuant to the rate proceeding, the local exchange
24   carrier shall not immediately implement rates designed
25   to recover that regulated revenue requirement.
26   Following the adoption of rules relating to unbundling
27   pursuant to section 476.30D, subsection 4, paragraph
28   "a", subparagraph (1), the local exchange carrier
29   shall commence a tariff proceeding for the approval of
30   tariffs implementing such unbundling.  The board has
31   six months to complete this tariff proceeding and
32   determine the local exchange carrier's final unbundled
33   rates.  The local exchange carrier shall carry forward
34   the regulated revenue requirement determined by the
35   board pursuant to the rate proceeding and design rates
36   that comply with the board's rules relating to
37   unbundling that recover the regulated revenue
38   requirement, and that implement the board's approved
39   rate design established in the tariff proceeding.
40     In lieu of taking the six percent reduction, a
41   local exchange carrier that submits a plan for price
42   regulation after the board adopts rules relating to
43   unbundling may file a rate proceeding under section
44   476.3 or 476.6 and the board may approve rates
45   designed to comply with those rules which allow the
46   carrier to recover the established regulated revenue
47   requirement and that implement the board's approved
48   rate design established in the tariff proceeding."
49     4.  Page 11, line 17, by inserting after the word
50   "rules" the following:  ", except for local exchange

Page 2  

 1   carriers with less than seventy-five thousand access
 2   lines which must file such tariffs within two years of
 3   the effective date of this Act".
 4     5.  Page 11, line 46, by striking the figures
 5   "(1), (2)," and inserting the following:  "(2)".
 6     6.  Page 12, line 4, by striking the figures "(1),
 7   (2)," and inserting the following:  "(2)".
Amendment H-3749 was adopted, placing out of order the following
amendments, to amendment H-3610:

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