Public Regulation Commission Rescinds Internet Spin-off Order
Posted on Oct 17, 2012 in Financing, Legislative & Politics, Regulation & Policy | Comments Off on Public Regulation Commission Rescinds Internet Spin-off Order
On October 16, the Public Regulation Commission (PRC) voted to rescind an order it made last year requiring Kit Carson Electric Cooperative (Kit Carson) to spin-off its Internet division in order to protect electric ratepayers from potential losses. Kit Carson did not provide official notice of the PRC order to the Rural Utilities Service (RUS), and as a result, RUS instituted a funding freeze on Kit Carson’s $64-million broadband project. Kit Carson officials are hopeful that the rescission of the PRC’s order will lift the funding freeze. Click here for more.
