MONTPELIER — Vermont utility regulators tell The Associated Press they have rejected a plan by FairPoint Communications to work itself out of bankruptcy in part by delaying broadband deployments and skipping penalties for poor service that were to be paid to ratepayers.
The development today leaves the company’s future path unclear. Maine regulators last week approved FairPoint’s plan for reorganization. New Hampshire hasn’t acted yet.
The North Carolina-based company, which took over the former Verizon Communications landline and Internet networks in Maine, New Hampshire and Vermont, declared bankruptcy in October.
The Vermont Public Service Board said today the proposed reorganization doesn’t do enough to promote the good of Vermont.
Copy the Story LinkSend questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.