This is a new
collection based on a recently completed rule- making. The FCC will
promulgate specific guidance to LECs after determining that a
Represcription of Rate of Returns is required. FCC will provide OMB
with copies of these materials. FCC will also notify OMB of
requirements for electronic filing and expected percentage of
materials that will be filed in this fashion.
Inventory as of this Action
The Order revises the part 65 rules
governing the procedures and methodologies for prescribing and
enforcing the rate of return for certain LECs. Specifically, the
Order replaces the existing rule, which initiates represcription
proceedings biennially, with a semiautomatic trigger activated by
changes in capital cost; modifies the paper hearing rules set out
in part 65; streamlines the methodologies used to estimate the cost
of capital; and removes the automatic refund rule.