MONTPELIER, Vt. — FairPoint Communications may ask a federal court to overturn state regulators’ rejection of its reorganization plan as northern New England’s dominant landline phone company tries to emerge from bankruptcy.
Michael Smith, president of the company’s Vermont operations, says that’s one of two broad options the company is looking at following the Public Service Board’s June 28 rejection of the company’s reorganization plan.
The other option is to go back to the state board and ask it to reconsider.
Smith says FairPoint operates in 18 states, and the Vermont board is the only one to reject its plan to emerge from a bankruptcy it filed last October. He calls the board’s order a surprise and a disappointment.
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