New York PSC Clears Charter Escrow Funding for Broadband
Escrow funds tagged by Charter Communications for expanding broadband in upstate New York comply with this year’s settlement agreement, ruled the New York Public Service Commission. The PSC adopted an order Thursday on the escrow funds. Under the settlement approved…
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by the PSC in July (see 1907110045), the company had to establish $12 million in escrow funds for a one-time payment of $6 million for additional broadband passings as directed by New York Department of Public Service staff, and another $6 million payment for passings selected by the Broadband Program Office.