4. Financial Qualifications

To be granted a CPCN, an applicant for authority to provide resold interexchange services must demonstrate that it has a minimum of $25,000 of cash or cash equivalent to meet the firm's start-up expenses.

STN provided an income statement, balance sheet and bank statement demonstrating that it has sufficient cash to satisfy the financial requirement. Because STN has provided documentation that it possesses a minimum of $25,000 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.

An applicant must also demonstrate that it has sufficient additional resources to cover all deposits required by local exchange carriers and/or interexchange carriers in order to provide the proposed service. At this time, STN estimates that deposits required by carriers will total less than $25,000. Therefore, $25,000 is sufficient to cover deposits at this time.