III. Financial Qualifications

To be granted a CPCN for full facilities-based CLECs, an applicant 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) in order to provide the proposed service.

Applicant submitted under seal its current financial information substantiating that it has a minimum of $100,000 reasonably liquid and available for use. It does not currently owe and does not expect to owe deposits to the LECs. Applicant has demonstrated that is has sufficient cash available to satisfy the financial requirement.

¹ The financial requirement for CLCs is contained in D.95-12-056, Appendix C. The financial requirement for NDIECs is contained in D.91-10-041.