Jul 12, 2008 8:03 am US/Eastern
Verizon Allowed To Raise Basic Phone Rates In N.J.
NEWARK (AP) ―
For the first time since 1985, Verizon customers in New Jersey will be paying more for basic phone service.
The state Public Utilities Board yesterday unanimously approved an agreement that allows it to continue regulating basic rates but lets the phone company increase some of their other rates, including call forwarding and three-way calling.
Under the agreement, the total monthly cost for basic residential service could rise from $18 to $27 over the next three years, while basic services for businesses with just one phone line could rise from about $26 to about $38 a month.
The BPU said its ability to approve rates will ensure poor people and elderly customers with fixed incomes can afford to keep basic phone service.
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