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Charter fined for not expanding to un-served and under-served communities
Jun 21, 2017 12:02 am
Rick Karlin reports in Capitol Confidential that just a year after the the Public Service Commission approved Charter Communications' takeover of Time Warner Cable, the company has already violated the deal and faces a $13 million penalty. The New York State Department of Public Service announced June 19 that it had reached a settlement agreement with Charter Communications Inc. over the company’s failure to meet its requirement to build-out its cable network as required in last year’s approval of Charter’s acquisition of Time Warner Cable Inc. “The Commission conditioned its approval of the merger on Charter’s agreement to undertake several types of investments and other activities,” said Department Interim CEO Gregg C. Sayre. “While Charter is delivering on many of them, it failed to expand the reach of its network to un-served and under-served communities and commercial customers in the time allotted.” As of May 18, 2017, Charter had only extended its network to pass 15,164 of the 36,250 premises it was required to pass in the first year of the deal. The public will get to comment on the proposed settlement, which then requires Commission approval. Anyone can read the settlement agreement at www.dps.ny.gov and entering Case Number 15-M-0388 in the input box labeled “Search for Case/Matter Number.” Read the full story in Capitol Confidential.