CPUC Approves Broadband Loan Loss Program Rules

The California Public Utilities Commission unanimously adopted rules Thursday regarding the state's $750 million broadband loan loss reserve fund (BLLRF) program (see 2309290050). The move will "bolster community-led efforts to build broadband infrastructure" and "provide an essential backstop for communities seeking to finance their own networks," said President Alice Reynolds. The vote was held during an agency meeting.