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Charter Spectrum, NY Close To Deal That Would Let It Stay In State

Charter Spectrum.
Charter Spectrum. Photo Credit: File

The New York Public Service Commission is extending settlement talks with Charter Communications as the two sides potentially near a deal to keep the company in the state.

Last July, the PSC issued an order kicking Charter out of New York, alleging that the company didn’t meet requirements to extends its network to underserved areas in the state. The order has led to a lengthy battle between the two sides.

This week, Charter Spectrum was granted a 30-day reprieve to seek a rehearing of last summer’s order. They have until March 6 to file the petitions needed to seek a rehearing. They were also granted an additional 30 days, through April 3 to file a six-month exit plan out of New York.

According to reports, a preliminary deal to keep Charter Spectrum in New York could be reached as soon as a few weeks.

"The parties are currently considering proposed settlement frameworks, and the parties would benefit from having additional time to consider these proposals in connection with the settlement discussions," an attorney for Charter wrote in a filing with the commission.

In the order announcing the extensions, PSC Chair John Rhodes said that a final settlement with Charter must include an agreement of which addresses will count toward their agreement; a monetary penalty and a schedule to finish the rest of the work.

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