6. Financial Qualifications

Pursuant to Rule 4.B of D.95-12-056, an applicant for a CPCN for authority to provide facilities-based local exchange service must demonstrate that it has $100,000 cash or cash equivalent to meet the firm's start-up expenses. Applicant must also demonstrate that it has sufficient additional resources to cover all deposits required by other telecommunications carriers in order to provide service in California.

In Exhibits 5 and 6 to the amended application, as well as in its Response, Inyo provides money market bank statements. In its Response, Inyo provides a signed certification of its Chief Operating Officer, Robert Volker, that Inyo will have the required amount of funds available for a period of 12 months. Since Inyo has provided documentation that it possesses in excess of the required minimum of $100,000 that is reasonably liquid and available, it has demonstrated that it has sufficient funds to meet its start-up expenses and has fulfilled this requirement.

Inyo proposes to initially interconnect with AT&T and Verizon, both of which require a deposit. Inyo has demonstrated that it has sufficient funds to pay the estimated deposits of $10,000 and $28,000, respectively. Therefore, Inyo has demonstrated that it has fulfilled this requirement.