New Jersey Clears Windstream Reorganization; Frontier Sees Delay in Bankruptcy Proceeding
The New Jersey Board of Public Utilities voted 5-0 Wednesday to clear Windstream’s bankruptcy reorganization. Commissioners cleared the item in docket TM20060388 without discussion as part of the board’s consent agenda at a livestreamed virtual meeting. The proposed transaction won’t…
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negatively affect rates nor the company's providing safe and adequate service, the agency said in the order. The board relaxed a state notification rule last month for the transaction due to COVID-19 (see 2007160027). Windstream “received approvals in more than half of the states where we filed applications to date,” a spokesperson said. New Jersey OK “keeps us on track to emerge from restructuring later this summer stronger than ever to expand broadband to rural America and help businesses succeed in the digital transformation.” Another telco in bankruptcy, Frontier Communications, notified the California Public Utilities Commission Tuesday that the U.S. Bankruptcy Court of the Southern District of New York postponed considering whether to approve the carrier’s plan that day. “Frontier is conferring with the Bankruptcy Court and expects the confirmation hearing date to be set later this week," Cooper White attorney Patrick Rosvall wrote in an email to the A.20-05-010 service list. Frontier had planned to submit the plan to the CPUC Friday and will propose a new date when it learns more from the court.