CPUC Seeks Customer Input on Small LECs' Capital Costs

The California Public Utilities Commission plans a June 21 virtual forum on the cost of capital requests for independent small telephone companies (docket A.22-09-003), the CPUC said Wednesday. CalTel and other small LECs filed a joint application Sept. 1 seeking approval to establish cost of capital for each company’s ratemaking purposes, the agency said. Cost of capital is the rate of return a company may recover on infrastructure investments. The CPUC seeks customer input at the forum, which starts at 5 p.m. PST.