By TED PHILLIPS snipped-for-privacy@newsday.com
The state Public Service Commission has approved a cable franchise agreement allowing Verizon to provide service in Glen Cove as long as it pays the city more money than originally agreed.
On Wednesday, Verizon New York Inc. accepted the regulatory agency's decision, which increased the amount the company has to pay to be on par with a franchise agreement between the city and Cablevision. The decision increases the amount Verizon must pay the city by $57,000 to $99,000. The PSC also said it expects Glen Cove to negotiate a $57,000 overall reduction in Cablevision's obligations to the city.