WPC{ 2m ZB.HP LaserJet IIPx6X@7X@a1Right ParRight-Aligned Paragraph Numbers8@   a2Right ParRight-Aligned Paragraph NumbersA@` `  ` ` ` a3Right ParRight-Aligned Paragraph NumbersJ@  ` `  2La4Right ParRight-Aligned Paragraph NumbersS@  a5Right ParRight-Aligned Paragraph Numbers\  @hh# hhh a6Right ParRight-Aligned Paragraph Numberse  @( hh# a7Right ParRight-Aligned Paragraph Numbersn @- ( 2n  F a8Right ParRight-Aligned Paragraph Numbersw@pp2 -ppp a1DocumentDocument Style F *  ׃  a2DocumentDocument Style *    a3DocumentDocument Style 0     2J p e eu p a4DocumentDocument Style  . a5DocumentDocument Style  a6DocumentDocument Style  a7DocumentDocument Style` ` ` 2 p|   8 a8DocumentDocument Style ` ` ` a1TechnicalTechnical Document Style4!!"     a2TechnicalTechnical Document Style*#$    a3TechnicalTechnical Document Style'%&    2  a4TechnicalTechnical Document Style&'(    a5TechnicalTechnical Document Style&)*  . a6TechnicalTechnical Document Style&+,  . a7TechnicalTechnical Document Style&-.  . 2Q spRa8TechnicalTechnical Document Style&/0  . Bullet ListIndented Bullet List12` ` ` Heading 1Centered Heading34* Ã  2Ge Yf_Heading 2Underlined Heading Flush Left56 PleadingHeader for Numbered Pleading Paper78   , X  y*dddyy*dddy HH1 HH2 HH3 HH4 HH5 HH6 HH7 HH8 HH9 H10 H11 H12 H13 H14 H15 H16 H17 H18 H19 H20 H21 H22 H23 H24 H25 H26 H27 H28   ӕDoc InitInitialize Document Style9:    I. 1. A. a.(1)(a) i) a)DocumentҲTech InitInitialize Technical Style;< 1 .1 .1 .1 .1 .1 .1 .1 Technical2?ny0XBibliogrphyBibliography=> x6X@7X@<6X9`(CourierXXj\  PG;XP%\  `&Times New RomanX2qy3|xJanuary 22, 1999 #Xj\  PG;XP#  STATEMENT OF COMMISSIONER HAROLD FURCHTGOTT-ROTH  Re:Price Cap Performance Review for Local Exchange Carriers, CC Docket 941  I support this Order denying various petitions for reconsideration as the issues raised seem to have been resolved or rendered moot by subsequent Commission action. I write separately, however, to express my continued concern with the Commission's micromanagement of LECs in general. The Commission's authority to require sharing and to provide lowend adjustments for price cap LECs are mere vestiges of outdated rate of return regulation. In today's increasingly competitive telecommunications marketplace, the Commission should be focusing its efforts on transitioning to a more competitive environment for price cap LECs. The amount of detailed information and regulatory scrutiny required under our current price cap rules is inordinate and should be reduced. This seemingly anachronistic regulatory regime should be reformed to provide further pricing flexibility, eliminating altogether such relics as the lowend adjustment. I continue to await anxiously the opportunity to address more fully these issues and the circumstances under which dominant LECs should be accorded a simpler form of price cap regulation. I am becoming increasingly convinced that the current regulatory mechanisms and certainly the level of detail are no longer necessary in today's increasingly competitive environment. We must develop a more forward-looking blueprint to guide the transition from regulation to competition. As I have stated previously, regulation is merely designed, to the extent possible, to replicate a competitive marketplace, but any form of regulation is an imperfect surrogate for full-fledged competition. I believe the Commission should be at least considering even further deregulation so that these cumbersome regulations are unnecessary.