FOR IMMEDIATE RELEASE
May 2, 1996
FOR SECOND STRAIGHT YEAR
Regulatory Reform Bill Triggers Reductions in Some Basic Phone Rates
Wilmington, DE -- For the second straight year, Bell Atlantic customers in Delaware will see lower rates for some basic services because of adjustments the company is making under the Telecommunications Technology Investment Act (TTIA).
Rate reductions of ten cents per month in business dial tone line rates and three to four cents per month in residential local usage rates are effective July 1, 1996, according to documents filed by Bell Atlantic-Delaware with the state Public Service Commission. In addition, installation charges for Bell Atlantic IQ Service features will be eliminated, and the company will reduce the charge for temporary suspension of residence phone service from $29.72 to $10.
"These rate reductions are another example of the benefits of the modern regulatory framework that was enacted by the General Assembly," said Joshua W. Martin III, president and CEO of Bell Atlantic-Delaware. "When the TTIA was passed we said rates could be lowered if inflation was held in check. We're keeping our promise to make rate adjustments based on recent inflation figures."
The TTIA allows Bell Atlantic to move basic telephone rates up or down based on the national inflation rate, minus a three percent productivity offset.
Martin also said the company has kept its promise on capital investment under the TTIA. He said the company has pumped $128 million into construction of advanced telecommunications network in Delaware the last two years, 28 percent more than projected at this stage of Bell Atlantic-Delaware's five year commitment under TTIA.
Bell Atlantic Corporation (NYSE: BEL) is at the forefront of the new communications, entertainment and information industry. In the mid-Atlantic region, the company is the premier provider of local telecommunications and advanced services. Globally, it is one of the largest investors in the high-growth wireless communication marketplace. Bell Atlantic also owns a substantial interest in Telecom Corporation of New Zealand and is actively developing high-growth national and international business opportunities in all phases of the industry.
- Ells Edwards, 302-576-5340