III. Financial Qualifications

To be granted a CPCN, an applicant for authority to provide facilities-based and resold local exchange services must demonstrate that it has a minimum of $100,000 of 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 (LECs) and/or interexchange carriers (IECs) in order to provide the proposed service.²

Applicant provided bank statements that demonstrate that it has sufficient cash to satisfy the financial requirement.

By a motion filed February 3, 2003, Applicant requests that the financial information filed with the application be kept under seal. The financial information consists of unaudited financial statements and bank statements. Applicant represents that the information is proprietary and sensitive. The information, if revealed, would place Applicant at an unfair business disadvantage. We have granted similar requests in the past and will do so here.

¹ The financial requirement for CLCs is contained in Decision (D.) 95-12-056, Appendix C. 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.