New York PSC Won't Vote on Comcast/TWC in Last Regular Meeting Ahead of Approval Deadline
The New York Public Service Commission won’t vote on whether to approve Comcast's planned buy of Time Warner Cable as part of the PSC's scheduled Thursday meeting, the commission said Tuesday. Thursday’s meeting is the PSC’s last regularly scheduled meeting…
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before the current Dec. 31 deadline for the commission to consider Comcast/TWC. The PSC is empowered to hold a special meeting to consider the deal or it can extend the review deadline in consultation with Comcast and other parties, as it has already done twice. If the PSC doesn’t extend the deadline or vote on Comcast/TWC before the current deadline, the deal would be considered approved by default. A PSC spokesman didn’t indicate how the commission plans to proceed on the review but noted that the commission is continuing its review “given its importance to New York consumers.” Comcast didn’t immediately comment.