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in order to continue to provide adequate service to our subscribers. Our rate of return has declined to a point where it is inadequate to sustain proper conduct of business.”
The application proposes a variety of new rate adjustments and service connection charges to the company’s subscribers in all of its 54 exchanges in Virginia. The company proposes to extend base rate areas in four of its exchanges eliminating mileage charges to several hundred subscribers who are outside of the present base rate areas.
THE COMPANY has completed the upgrade of 8-party lines and all rural lines now have no more than four parties on a line. The company expects to upgrade all 4-party urban
96.4%