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/FIRST ADD -- FL010 -- SOUTHERN BELL, PUBLIC COUNSEL REACH AGREEMENT ON RATE CASE/

 MIAMI, Jan. 5 /PRNewswire/ -- Rate Case settlement facts in brief (pending approval by Florida Public Service Commission):
 -- TouchTone customers will no longer have a $1.00 per month per
 line charge, effective 30 days after FPSC approval.
 -- Cap on basic Residential lines, basic Business lines, PBX trunk,
 and Directory Assistance charges at current levels through 1997.
 -- Southern Bell has withdrawn its optional expanded local service
 proposal, and has agreed not to propose any local measured
 service request on a statewide basis through the same time
 period.
 -- Service Guarantee Plan begins Oct. 1, 1994, with rebates to
 customers if it is determined that installation or maintenance
 services were unsatisfactory. Proposed rebates are $25 per
 residential customer and $100 per business customer.
 -- Resolve Dade/Broward toll situation, with up to $11 million in
 revenue losses and costs to be absorbed by Southern Bell,
 effective Jan. 1, 1995.
 -- Southern Bell will absorb approximately $112 million in one-time
 hurricane casualty and refinancing costs in 1993.
 -- Rate reductions of approximately $300 million (specific cuts to
 be determined at dates of tariff filings):
 -- TouchTone charge elimination $55 million
 -- July 1994 60 million
 -- October 1994 Service Guarantee 3-10 million (estimated)
 -- October 1995 80 million
 -- October 1996 84 million
 -- Dade/Broward toll restructure 11 million
 -- Annual Hurricane Casualty Reserve 10 million
 -- Current $49 million credits converted to permanent rate
 reductions in service connection charges, some Custom Calling
 services, hunting charges for business, and Lifeline Service
 tariff.
 -- Sharing:
 -- 1994 - Begins at 12 percent return on equity. Cap at
 14 percent (60/40 split with 60 to customers).
 -- 1995 - Begins at 12.5 percent return on equity. Cap at
 14.5 percent (60/40 split with 60 to customers).
 -- 1996/1997 - Sharing and Cap points to be set based on bond
 markets.
 CONTACT: Wendie Feinberg of Southern Bell, 904-222-9380, or 800-946-4645, PIN 1090280.
 -0- 1/5/94 AA FL010
 /PRNewswire -- Jan. 5/
 /First and Final Add/


CO: Southern Bell; Florida's Office of Public Counsel; Florida Public
 Service Commission ST: Florida IN: UTI SU:


RK-AW -- FL010A -- 9388 01/05/94 14:05 EST
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Date:Jan 5, 1994
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