The New York State Public Service Commission announced Thu., Sep. 14, its approval of a $13 million settlement agreement with Charter Communications Inc. Following the approval in January 2016 of Charter's acquisition of Time Warner Cable Inc., Charter failed to build out its cable network as ordered. Specifically, the company insufficiently expanded its reach to unserved and under-served customers at the pace it committed to. The $13 million settlement is the largest cable company financial settlement of its kind in state history, and possibly the largest in the nation's history, as well, according to a PSC press release. Under the terms of the settlement agreement, Charter committed to completing its build-out requirement over six periods through May 18, 2020. To insure the company keeps its promise, Charter will forfeit its right to earn back up to $1 million each time it misses a build-out target. Charter agreed to develop a website to inform homeowners and businesses whether their address is included in Charter’s broadband expansion plan. Charter is the largest cable provider in New York, providing digital cable television, broadband internet and VoIP telephone service to more than two million subscribers in more than 1,100 communities statewide. Read the full press release at www [dot] dps [dot] ny [dot] gov.