(Source: Associated Press/AP Online)
PORTLAND, Maine - Executives with FairPoint Communications Inc. will be on the hot seat Wednesday when they face the utility regulatory boards from Maine, New Hampshire and Vermont - at the same time.
It's highly unusual - if not unprecedented - to have all three states' regulatory boards hold a joint meeting. But it speaks to the gravity of the situation for North Carolina-based FairPoint, which has been plagued by ongoing order-fulfillment, customer service, billing and other problems in the three states.
FairPoint last year bought Verizon Communications' landline telephone and Internet business in Maine, New Hampshire and Vermont for $2.3 billion.
The regulatory boards will hold their joint status conference in Derry, N.H., seeking updates on FairPoint's efforts to stabilize its troubled operations systems, as well as on organizational changes and financial matters.
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