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.
(Decision (D.) 95-12-056)

Conectado provided an income statement and a balance sheet statement. Conectado also provided a letter from its bank certifying that a minimum of $25,000 would remain in a time deposit account through 2013. Because Conectado 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. (D.95-12-056) At this time, Conectado has provided documentation that its underlying carrier, Alliance Group Services Inc., will not require a deposit or prepayment. (Response to Inquiries from Assigned Administrative Law Judge (ALJ), dated April 23, 2012 (Response to ALJ Inquiries) Therefore, no additional funds are necessary to cover deposits at this time.