California Lifts Price Control For Telecom Companies

Law360, New York (August 28, 2006, 12:00 AM EDT) -- In a surprising turn for a state known for its affection for regulation, the California Public Utilities Commission voted 5-0 on Thursday to lift most price controls for local telephone service providers, saying competition from new technologies would keep prices fair.

The decision ends 18 years of pricing regulations that made companies seek regulatory approval for price increases and limited what they could charge residential and business customers.

Now companies such as AT&T, Verizon and other local phone service providers will be able to raise prices...
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