FCC 97-159

In the Matter of	)
	)
Price Cap Performance Review	)	CC Docket No. 94-1
for Local Exchange Carriers	)
	)
Access Charge Reform	)	CC Docket No. 96-262
	)

1. On May 21, 1997, the Commission released a Fourth Report and Order in CC Docket No. 94-1 revising the system of price cap regulation applicable to local exchange carriers.⁽¹⁾ We now correct the following errors made in the text of the Fourth Report and Order.

2. The sixth sentence of paragraph 179 is revised to read as follows:

   Accordingly, we require each price cap LEC to adjust the PCIs for its common line, traffic sensitive, and trunking baskets, effective July 1, 1997, to the levels for the 1997-98 tariff year that would have been in effect had we adopted the 6.5 percent X-Factor in time to become effective with the LECs' 1996 annual tariff filings.

3. The dates in paragraph 191 are corrected to read as follows:

   191. We hereby direct price cap LECs to file tariffs making adjustments to their rates to reflect the revisions to the price cap plan we adopt in this Order. Any carriers making only rate reductions must file their tariff revisions no later than June 24, 1997, to take effect July 1, 1997. Other LECs must file their tariff revisions no later than June 16, 1997. We also direct price cap LECs to file revised tariff review plans (TRPs) containing adjustments to their PCIs, APIs, and SBIs no later than June 2, 1997.

4. Paragraph 197 is corrected to read as follows:

   197. IT IS FURTHER ORDERED that the provisions in this Order will be effective June 16, 1997. We find good cause under 5 U.S.C. § 553(d)(3) to make the rules effective less than thirty days after publication, because the local exchange carriers subject to price cap regulation must file tariffs by June 16, in order for them to be effective on July 1, 1997, as required by Section 69.3 of the Commission's rules, 47 C.F.R. § 69.3. In addition, to ensure that the local exchange carriers subject to price cap regulation have actual notice of these rules immediately following their release, we are serving those entities by certified, first class mail.

FEDERAL COMMUNICATIONS COMMISSION

Regina M. Keeney
Chief, Common Carrier Bureau