4. Discussion

It is the established policy of this Commission to favor competition. American Business, Inc., 3 CPUC2d 246 (1980). As stated in American Airport Shuttle, 52 CPUC2d 35, 36 (1993):

"The Commission's policy is that we do not consider monopoly passenger stage service adequate service to the public, and we will not apply Sec. 1032 of the PU Code as a bar to deprive the public of the most innovative, attractive, and agreeable bus service that may potentially exist for its benefits."

In light of this stated policy it is our view that this application should be granted without an evidentiary hearing.

Transferee requests to extend Transferor's PSC authority to include points in the Counties of Riverside, San Bernardino, on the one hand, and LAX, LGB, BUR, ONT, SNA, HBRS, on the other hand, and San Diego, on the one hand, and LAX, ONT, SNA, and HBRS, on the other hand.

Transferee also requests authority to establish a ZORF of $30 above and below any of the current fares of Transferor and the proposed fares as shown in Exhibit D of the application. The minimum fare will be $5. Applicant will compete with other PSCs, taxicabs, limousines, buses, and automobiles in his service area. This highly competitive environment should result in Applicant pricing its services at a reasonable level. Many other PSCs have been granted ZORFs. The requested ZORF is generally consistent with the ZORFs held by other PSCs. The unaudited Balance Sheet of Transferee indicates assets of $1,051,400, liabilities of $220,000 and equity of $831,400.