Published: Mon, July 30, 2018
Finance | By Gustavo Carr

Welcomes New York PSC's Enforcement of Charter-Time Warner Cable Merger Agreement

Welcomes New York PSC's Enforcement of Charter-Time Warner Cable Merger Agreement

Although it might seem like such a move is an obvious mistake - who wants their state or local government to take away their Internet and cable service providers? - the public service commission of the state of NY has made clear that Spectrum both doesn't hold true to the many promises it makes to its countless customers and neglected to service customers in a timely manner. Unless overturned, this action will mean that Charter will no longer be permitted to operate in the state of NY.

Russell continued: "Our 11,000 diverse and locally based workers, who serve millions of customers in the state every day, remain focused on delivering faster and better broadband to more New Yorkers, as we promised". During the transition process, Charter must continue to comply with all local franchises it holds in NY and all obligations under the Public Service Law and PSC regulations.

In a statement Friday, Charter - which offers service in NY state as Spectrum - implied that the commission's order may have been politically motivated.

The commission said it will begin a special proceeding or action in the New York State Supreme Court to seek penalties for Charter's violations. "(T) he time has come for stronger actions to protect New Yorkers and the public interest", commission chairman John B. Rhodes said in a prepared statement. In a statement, New York State Assemblyman Anthony Brindisi (D-Utica) says it's "high time New York cut the cord" with Spectrum Cable and provided residents with more competition. "To ensure that Charter's customers are not negatively affected during that process, the commission further ordered the company to maintain service to the company's more than 2 million customers in NY until an orderly transition occurs". In response to the decision by the commission, Charter noted that it had extended its reach to "more than 86,000 NY homes and businesses", which is objectively less than 145,000.

Charter admitted it failed to meet its commitment to expand its service network according to the agreement crafted in the PSC decision to approve the merger, the release said.

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On Friday, the commission escalated that battle by revoking its approval of the 2016 Charter-Time Warner Cable merger, which would prevent the company from operating in ny and will likely launch a prolonged court battle.

The commission ordered Charter to pay the state $1 million for missing the June milestone; that brings the total assessed by the PSC to $3 million.

Spectrum - formerly known as Charter - is one of the most popular cable television and Internet access providers in the United States. During the transition process, Charter must continue to comply with all local franchises it holds in the state and all obligations under the Public Service Law and the Commission regulations, and must ensure no interruption in service is experienced by customers.

"During the transition process, Charter must continue to comply with all local franchises it holds in NY state and all obligations under the Public Service Law and the Commission regulations", the release said.

Today's decision may be obtained by going to the commission documents section of the PSC's website at www.dps.ny.gov and entering case number 15-M-0388 in the input box labeled "Search for Case/Matter Number".

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