Financial Qualifications

Pursuant to Appendix C of Decision (D.) 95-12-056, an applicant for a CPCN for authority to provide resold and facilities-based local exchange and interexchange services must demonstrate that it has a minimum of $100,000 cash or cash equivalent to meet the firm's start-up expenses. An 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.

At Exhibit E (confidential) to the application CVT has provided financial statements that demonstrate that it has access to a minimum of $100,000 cash or cash equivalent. The amount noted in the financial statements is sufficient to cover start-up expenses as well as potential deposits and is reasonably liquid and available.