Conn. PURA Proposes Approval of Verizon, Frontier Deal

A proposed final decision issued Monday would approve Verizon and Frontier's $20 billion all-cash deal in Connecticut (see 2503260070). The Public Utilities Regulatory Authority's proposed decision would also approve a settlement agreement between the companies and the Office of Consumer Counsel. The PURA said it found that Verizon "possessed the requisite financial, technological, and managerial suitability and responsibility and the ability to provide safe, adequate, and reliable service to the public."