3. Financial Qualifications
To be granted a CPCN, an applicant for authority to provide limited facilities-based and resold 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.1 An applicant must also demonstrate that it has sufficient additional resources to cover all deposits required by local exchange carriers and/or interexchange carriers (IECs) in order to provide the proposed service.2 Applicant provided financial documentation which demonstrates that it meets these financial requirements.
1 The financial requirement for CLCs is contained in Decision (D.) 95-12-056, Appendix C. The financial requirement for Non-dominant Interexchange Carriers is contained in D.91-10-041.
2 The requirement for CLC applicants to demonstrate that they have additional financial resources to meet any deposits required by underlying LECs and/or IECs is set forth in D.95-12-056, Appendix C. For NDIECs, the requirement is found in
D.93-05-010.
