PRELIMINARY STATEMENT
This Petition seeks an Order of the Public Service Commission ("Commission") creating a formal proceeding to consider the methods, technologies, policies and impacts on the public of New York's telecommunications system, with specific reference to Commission decisions regarding deregulation of service1. This proceeding should address factual matters upon which policies are based, the broad functionality and impacts of the system and its governing policies, and specific issues enumerated below.
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Rate increases and deregulation itself has been premised on assertions that the legacy systems are significant money losers. The public record, which includes PSC documents, FCC document and SEC documents do not sustain those assumptions, and at best present conflicting data on the revenues and costs of providers. For example, in 2010, Verizon New York's SEC-Report had revenues of $7.2 billion, but the PSCAnnual only showed about $4.98 billion, a difference of $2.24 billion. Fundamental policies can not be based on such uncertain financial data.