Greedy Phone Company To Pay Up

I hate wired phone companies, which is why I don’t have a wired phone line. I’m very happy to hear that Qwest will have to pay up the money they were suppose to spend in the first place.

Gov. Bill Richardson, Attorney General Patricia Madrid and Qwest officials announced Wednesday that they have reached a settlement that would require the company to spend $265 million on New Mexico’s telecommunications system over a 42-month period.The settlement is the result of a long dispute between Qwest and the state Public Regulation Commission over a 2001 agreement that required the company to spend $788 million on the telecommunications system over five years.But the company’s spending came up about $220 million short, and the commission ordered it to spend the full amount by March 2006 or refund the money to its customers. The company sued, saying the commission did not have the authority to make the order, but the state Supreme Court sided with the PRC last month.

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