John Higdon <john@zygot.ati.com> (01/08/90)
That whole preceding with SWB sounds very familiar. Looks like
Pac*Bell started something with this new breed of "deregulation". It's
nice to know that Pac*Bell is a pioneer in something: screwing the
public.
Unfortunately, the CPUC bought Pac*Bell's package and went the SWB
proposal one better. In addition to the already exhorbitant rates that
Pac*Bell charges, they are allowed to *raise* their rates
AUTOMATICALLY every year. No questions asked. Notice how they got
their SWB-style regulation package through the commission and THEN
they announced the elimination of 11,000 jobs. So now Pac*Bell's
excessive profits turn into obscene profits.
Oh, in case you doubt, check Pacific Telesis' last few quartarly
reports. It will blow your socks off. They will have plenty of capital
to explore new international ventures, all courtesy of the California
ratepayer.
John Higdon | P. O. Box 7648 | +1 408 723 1395
john@zygot.ati.com | San Jose, CA 95150 | M o o !