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HomeMy WebLinkAboutAgenda - 02-20-2001-5cORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: February 20, 2001 Action Agenda Item No. SUBJECT: Cable TV Rate Adjustment-Time Warner DEPARTMENT: Manager's Office PUBLIC HEARING: (YIN) No ATTACHMENT(S): INFORMATION CONTACT: Resolution/Order Albert Kittrell, Assistant County Manager Corintha Barber, ext 2300 TELEPHONE NUMBERS: Hillsborough 245-2300 Chapel Hill 968-4501 Durham .688-7331 Mebane 336-227-2031 PURPOSE: To adopt a resolution/order setting Maximum Permitted Rates for Basic Cable TV Service and the capital investment recapture "add-on" charge for Orange County residents served by Time Warner Cable. BACKGROUND: In September 2000 Time Warner Cable submitted three sets of FCC forms 1240 and 1234 requesting adjustments to the Maximum Permitted Rate for basic cable television service and setting "add-on" charge to recapture the Company's investment to upgrade the cable system serving County residents. Under FCC regulations cable companies are permitted to request rate adjustments based on inflation and actual expenses plus a 11.25% rate of return. Triangle J Council of Governments Cable TV Consultant, Bob Sepe, has reviewed Time. Warner documents on behalf of the County and determined the rate should be adjusted as requested by Time Warner. The Board must either approve or deny Time Warner's rate request, finding the rate to be either reasonable, or not reasonable. This determination must be based upon a finding of fact. The consultant's report is attached, and the County Cable TV Citizen Advisory Committee concurs with TJCOG review. 2 Michael Patrick, Chair of the County Cable TV Committee will present the resolution and information to the Board. The rate adjustments for basic cable service are as follows: Customers Old Basic New Basic Add-on New Max Selected Rate Rates Charge Rate Rate Chapel Hill System (most of the customers in the 5992 $8.18 $9.91 $1.81 $11.72 $11.10 unincorporated area of the Count Carrboro Systems (Customers just outside of the town 812 $9.01 $10.62 $1.45 $12.07 $11.10 limits of Carrboro and Hillsborough) Durham System (Customer in Orange County 30 $10.65 $11.92 $2.11 $14.03 $13.70 receiving cable services from Time Warner of Durham Total Customers in unincorporated 6834 Orange Count FINANCIAL IMPACT: Although the maximum permitted rate has increased, Time Warner has chosen to charge a lesser rate. Most cable subscribers will pay $2.92 more monthly in 2001 than during 2000. TWC will collect $210,240 more from the 6000 subscribes in Orange County plus an additional $10,512 in franchise fees, which are paid to the County. RECOMMENDATION(S): The Manager recommends the Board adopt a Resolution/Order setting Time Warner's 2001 Basic Service Tier Maximum Permitted Rates at $11.72, $12.07 and $13.70 for the Chapel Hill, Carrboro and Durham Cable TV Systems in the unincorporated areas of the Orange County. 3 Action Audits, LLC Orange County, NC-0276, NC-0256 Review of Time Warner Cable FCC 1240 Rate Filing for 2001 February 7, 2001 REPORT TO: John Link, county manager FROM: Robert Sepe, Action Audits RE: Review of Time Warner Cable's FCC 1240 123 5 and 1205 rate Slip s The consultant bas reviewed Time Warner Cable's FCC 1240, 1235 and 1205 filings, and supporting documentation furnished by the cable operator, and have conducted fact-finding discussions with the cable operator and Federal Communications Commission representatives and documents. The values stated in the filing are the responsibility of the cable operator's management. . Supplied data were reviewed to determine whether the operator calculated "updated" rates consistent with the procedures prescribed by the FCC in accordance with the 13th Order on Reconsideration, the Time Warner Social Contract, and the Telecommunications Act of 1996. Original computations were performed and compared with information provided by Time Warner Cable. The consultant believes that the data submitted by the cable operator is free of material misstatements, and the accompanying report provides a reasonable basis for the following recommendation. Action Audits, LLC Franchise Fee U-Tax Auditin & Telecommunication Administration 101 Pocono Lane, Cary, North Carolina 27513-5316 Voice # 919.467.5392 Fax # 919.460.6568 4 -1- L SUMMARY A. Introduction 1. The consultant evaluated the data Time Warner supplied in its rate filings, entered the data into electronic spreadsheets, and performed independent calculations. Time Warner serves unincorporated areas of Orange County through two franchises, NC- 0276 (Chapel Kill and Durham systems) and NC-0256 (Carrboro system). B. Franchise NC-0276. Subscribers in this ftanchise are split into two groups, those served by Time Warner's Chapel Hill system, and those served by the Durham systems. Time Warner completed its. FCC 1240 and FCC 1205 rate filings for these systems on September 29, 2000. Time Warner completed its FCC 1235 for the Network Upgrade Charge in 1999. The rate established in that filing is carried forward into the present rate structure. 1. NC-0276 Chapel Hill System a. These subscribers will be charged a Combined selected monthly rate of $11.10 for the Basic Service Tier (BST) in 2001. This combined rate includes the. BST charge of $9.29 plus the "add-on" cost of service Network Upgrade Charge of ' $1.51. The maximum permitted combined monthly rate is $9.83 for Basic plus the $1.81 add-on charge, a $11.64 total NTR. Time Warner is charging 54-cents less than the maximum rate permitted by the FCC. b. Subscribers receiving only BST programming will- see their BST rate increase by $.53, an increase of 6% over the 2000 BST rate of $8.76. Time Warner estimates it will have 6,255 BST subscribers in 2001, about a 5% increase over last year's count of 5,992. It is estimated that Time Warner will realized approximately $39,973 in additional BST revenue in 2001.' 2. NC-0276 Durham System a. There are very few subscribers in this system. These subscribers will be charged a Combined selected monthly rate of $13.70 for the Basic Service Tier (BST) in 2001. This combined rate includes the BST charge of $11.59 plus the "add-on" cost of service Network Upgrade Charge of $2.11. The maximum permitted combined monthly rate is $13.70 for Basic plus the $2.11 add-on charge, a $13.70 '$.53 x 6,285 subscribers * 12 months = $39,973. Action Audits LLC Franchise Fee U-Tax 62gLun & Telecommunication +nisqration 101 Pocono Lane, Cary, North Carolina 27513-5316 Voice # 919.467.5392 Fax # 919.460.6868 5 -2- total M R. Time Warner is charging 33-cents less than the maximum rate permitted by the FCC. b. Subscribers receiving only BST programming will see their BST rate increase by $1.02, an increase of about 10% over the 2000 BST rate of $10.57. Time Warner estimates it will have 31 BST subscribers in 2001, compared to 30 in 2000. It is estimated that Time Warner will realized approximately $379 in additional BST revenue in 20012 C. Franchise NC-0256: Carrboro system. Subscribers in this franchise are served through the Carrboro system. Time Wainer completed FCC 1240, FCC 1235 and FCC 1205 rate filings for this franchise, which was most recently operated by CVI, Inc. Time Warner acquired CVI in the 1990s. These subscribers will be charged a Combined selected monthly rate of $11.10 for the Basic Service Tier (BST) in 2001. This combined rate includes the BST charge of $9.65 plus the "add-on" cost of service Network Upgrade Charge of $1.45, a $12.07 total NW& The maximum permitted combined monthly rate is $10.62 for Basic plus the $1.45 add-on charge. Time Warner is charging 97-cents less than the maximum rate permitted by the FCC. 2. Subscribers receiving only SST programming will see their BST rate increase by $.90, an increase of about 10.5°x6 over the 2000 BST rate of $8.75. Time Warner estimates it will have 351 BST subscribers in 2001, about a 50/9 increase over last year's count of 312. It is estimated that Time Warner will realized approximately $9,190 in additional BST revenue in 2000 D. All Systems 1. Mation Adjustments a. In its FCC 1240 rate filing, Time Warner used an inflation factor of 3% for the last three quarters of 2000 of the true up period, because that was the most current rate published by the FCC when Time Warner completed its FCC 1240 form. On October 4, 2000, the FCC released the official inflation figure of 2.4%, which Time Warner did not include in its calculations. If Time Warner had used 2$1.02 x 31 subscribers * 12 months = $379. 3$.90 x 851 subscribers * 12 months = $9,190. Action &&% LLC Franchise Fee U-Tax Aud un & Telecommunication Administration 101 Pocono Lane, Cary, North Carolina 27513.5316 Voice 4 919.467.5392 Fax # 919.460.6868 6 -3- the lower inflation rate, its maximum permitted BST rates would have been slightly lower. However, the company's selected rate would have remained unchanged in both systems because they fall below the recalculated maximum rates. 2. FCC 1205 Equipment & Installation Rates a. Time Warner calculated FCC 1205 maximum permitted equipment and installation rates by aggregating its costs on a state-wide basis, which is allowed by the FCC and Social Contract.` Time Warner calculated a maximum installation service charge of $23.39. 11L REPORT A. Background 1. In September 19995, the FCC adopted the 13th Report and Order, which, among other things,. allowed cable operators to adjust their rates on an annual basis using the FCC 1240, taking into consideration past and anticipated future external costs. 2. In November 1995, the FCC adopted the Time Warner Social Contract, which resolved hundreds of cable complaints against Time Warner Cable. Provisions of the Social Contract permit Time Warner to aggregate its leased subscriber equipment costs on a regional basis (using regional FCC 1205 filings) and assess uniform equipment rates based on these data. Also, Time Warner is allowed to include in its annual programming service rate filing (FCC 1240) past and.f rture (estimated) costs, along with future costs attributable to cable system upgrades. 3. The 13th Order requires Time Warner and other cable operators to submit their FCC 1240 filings ninety (90) days before the date of rate implementation. During this period, the franchise authority may review the reasonableness of the basic service tier rates and issue an order to either approve or deny the rates. After ninety (90) days, the franchise authority retains refund authority as long as it responds within 15 days to any inquiries from the cable operator regarding its review of the company's FCC 1240 documents. 4North Carolina is treated as a single region. TWC files a single FCC 12o5 for North Carolina to establish uniform state-wide rates for equipment and installation. 101 Pocono Lane, Cary, North Carolina 27513-5316 Voice # 919.467.5392 Fax # 919.460.6868 7 -4- 4. Time Warner's FCC 1240 rate adjustments reflect the following external cost elements: a. External costs for True-up Period h. External costs for Projected Period c. Inflation from True-up Period d. Inflation for Projected Period e. Franchise related costs (PEG) from True-up Period f. Franchise related costs (PEG) for Projected Period 5. CPST Rate Regulation Expiration, A sunset provision within the Telecommunications Act of 1996 established March 31, 1999 as the date which rate regulation for the upper cable service tiers ended, Thereafter, the cable operator is allowed to change upper service tier rates at will upon 30 days notice to the franchise authority and subscribers. B. Rate Adjustment Analysis 1. External Costs. The rate adjustments reflect multiple external cost elements. An external cost is an expense a cable operator incurs during the normal course of business and may be included in rate calculations. External cost categories include: state and local taxes; franchise fees; costs of complying with franchise requirements, including costs of providing public, educational, and governmental access channels; retransmission consent fees and copyright fees incurred for the carriage of broadcast signals; other programming costs; FCC regulatory fees; and costs associated with channel additions. a. True Up and Projected Periods. The FCC 1240 Form must be filed with the local franchise authority ninety (90) days before the rates are scheduled to take eflbct, and may be filed no more frequently than annually. The FCC 1240 represents a departure from the quarterly method of updating cable rates, in that it allows cable operators to estimate their fitture costs over a 12-month period: this is referred to as the projected periods The FCC 1240 also allows operators to recover expenses that occurred during a specified prior period of time, referred to as the true up period. If a cable operator incorrectly estimates its costs for a projected period, it must correct those estimates by using the true up segment of the next FCC 1240 rate filing. SFCC 1210 Forms allow for the recovery of past costs, only, not future costs. Future costs are recoverable through the use of the FCC 1240 Form only. Action Agg its, LLC Franchise Fee U-Tax Audi ' & Telecommunication Administration 101 Pocono Lane, Cary, North Carolina 27513-5316 Voice # 919.467.5392 Fax # 919.460.6868 -5- (1) Time Wamer's projected period covers the 12-month period of January 11) 2001 to December 31, 2001. The operator's true up period covers the 12- month period of October 1, 1999 through September 30, 2000. 2. Franchise Related Costs: Public Access Television a. Time Warner Cable reported no franchise related expenses for 2001. Franchise related costs may include expenses for such items as public, government and education access facilities and equipment, signal transportation and headend accommodations. 3. Programming Costs a. NC-0276 Chapel Hill and Durham Systems. Time Warner will collect during the 2001 projected period, $1.39 and $1.40 monthly, per subscriber, from Chapel Hill and Durham system subscribers, respectfully, to cover anticipated BST external costs. Most BST external costs are attributable to programming costs. Time Warner representatives state that program service providers customarily increase service fees annually. Time Warner attributes its programming cost changes to what it must pay for each service offered. However, this amount is relatively low compared to upper cable service programming costs. Most of the channels on Time Warner's BST are obtained without cost to the company. b. NC-0256 Carrboro System. Time Warner will collect during the 2001 projected period $1.37 monthly, per subscriber, from Cantoro system subscribers, to cover anticipated BST external costs. Most of this external cost is attributed to programming costs. 4. Inflation a. Time Warner is claiming in all three system rate filings inflation adjustments for the true up period of January 2000 through December 31, 2000, and the projected period of January 2001 through December, 2001. The company used the true up inflation figure of 3% for the last three quarters of 2000. Official inflation figures for the last three quarters of 2000 were not published by the FCC when Time Warner completed its FCC 1240 Tate filing in September 2000. Time Warner used the FCC published 3% first quarter inflation figure for the last three quarters of 2000 because the FCC 2.4% second quarter inflation figure was not published when Time Warner completed its rate filings. Action Audits, LLC Franchise Fee U-Tax & tin & Telecommunication Administration 101 Pocono Lane, Cary, North Carolina 27513-5316 Voice # 919.467.5392 Fax 0 919.460.6868 9 -6- b. On October 4, 2000, the FCC released the 2000 second quarter inflation figure of 2.4% for April through June, 2000. Pursuant to FCC rules, Time Warner was not required to use this rate. It was required only to use the most recently published rate of 3% when it completed its FCC 1240 filing. As stated in a recent FCC Order, the FCC "does not find a rate unreasonable solely because more accurate inflation data has become available by the time it [or local franchising authority] makes its review" of the rate filing. ' Thus, Time Warner is correct to use the earlier, higher inflation figure. c. Recalculation of Inflation Adjustments (1) The consultant recalculated Time Warner's rate filings using the 2.4% inflation factor for the last three quarters of the 2000 true up period, and also for the entire 12-month 2001 projected period. This resulted in a maximum permitted rate decrease of $.08 for Chapel Hill system subscribers ($9.91- $9.83); and $.09 ($9.92 - $9.83) for Durham subscribers. (2) The same recalculation for franchise NC-0256, Carrboro system subscribers, resulted in a decrease of the maximum permitted rate by $.09 ($10.62 - $10.53). d. The company's selected rates would remain unchanged even with the recalculations in all three systems, because Time Warner's "selected" rates fall below the consultant's recalculated ma;dmum permitted rates. Nonetheless, it would be in the public interest if Tune Warner (prior to submitting in September 2001 its FCC 1240 filing for 2002) amended its 2001 FCC 1240 rate filing by "refreshing" the inflation figures so they correspond with the more recent FCC published inflation figures. e. Local governments that choose to regulate cable rates are charged. with protecting subscribers from paying unreasonable BST rates, while also providing system operators with a fair return. The County can only compel Time Warner to refresh its inflation adjustments if Time Warner is required to recalculate its FCC 1240 to address other issues. Absent these issues, the County cannot compel Time Warner to amend the rate filing in 2001 to account for updated inflation data, but it can request the company to do so. ''In the Matter of BmLW-amff C le Petiti n for Reconsid do CUID No. NC -0065, Town of Clayton (June 4, 1999). Action Audi LLC Franchise Fee U-Tax Auditing & Telecommunication Administration 101 Pocono Lane, Cary, North Carolina 27513-5316 Voice # 919.467.5392 Fax # 919.460.6868 10 -7- 5. Cable System Upgrade Costs a.. Add-on Charge (1) Time Warner Cable submitted FCC 1235 Abbreviate Cost of Service Filing for Cable Network Upgrades forms for both franchises. Though the FCC 1235 form applicable to NC-0276 was submitted in 1999, the rates established in those FCC 1235 filings were carried forward and used in 2000 and 2001 rate calculations. (2) In September of 2000, Time Warner submitted an updated FCC 1235 for 2001 covering franchise NC 0256. Under the FCC's rules, cable operators are allowed to recover their system upgrade investments from subscribers on a tier-by-tier basis. FCC rules allow capital upgrade costs to be apportioned among the cable tiers, e.g., BST; cable prow-ran-nn- service tier (CPST), new product tiers (NPT), etc. (3) Time Warner's add-on cost of service upgrade rates are $1.81, $2.11, and $1,45, per subscriber, per month, for NC-0276 Chapel Hill system; NC-0276 Durham system; and NC-0256,. Carrboro system subscribers, respectively. These charges are added to the BST selected rate to create the combined rate subscribers will pay.' None of the upgrade, cost is being apportioned to the upper cable tiers. Subscribers will be charged a combined rate, which includes the add-on cost, plus the BST rate. b. Rate of Return (1) Time Warner used a Rate of Return of 13.22% for franchise NC-0256, as opposed to 11.25%, which was used in franchise NC-0276. The 11.251/o is presumed by the FCC to provide a "reasonable" rate of return on the cable operator's investment. The burden of proof is on the cable operator to substantiate a rate of return higher than the FCC's presumptive unitary rate of 11.25% a To this end, the consultant requested additional documentation and explanation from Time Warner to substantiate the higher rate of return. Time 'This does not include franchise fees and applicable taxes. CC Second ort and order-First Qrder on Reconsid 'o and F rther tice of Pro osed Ruiemakinu, MR, MATHESON Docket No. 93-215 (Zan. 26, 1996). Action Audits, LLC Franchise Fee U -Tax Auditin & Telecommunication Administration 101 Pocono Lane, Cary, North Carolina 27513-5316 Voice # 919.467.5392 Fax # 919.460.6868 11 -8- Warner responded by stating that the 13.22% is the grossed-up rate of return, which takes into account income tax allowances not included elsewhere on the FCC 1235 form. Thus, in Time Warner FCC 1235 filings that use the lower 11.25% rate of return, a separate income tax allowance is included in Part H (3a - 3h) of the form. But where Part II income tax allowances are omitted, Time Warner grossed-up the rate of return to 13.22%, compensating for the omission. Time Warner's treatment of the income tax allowances appears to be substantiated and allowable under FCC rules. 6. Effects of Competition a. In 1999, the FCC Cable Services Bureau examined a number of communities where the incumbent cable operator faced head-to-head competition from a.single video program provider. Incumbent cable operators responded to the competitive challenge in a number of ways: lowering cable rates, providing additional channels at the same monthly rate, improving customer service, or adding new services, including high speed Internet and telephone services. b. In the sampled communities, the incumbent cable operator was declared by the FCC to be facing "effective competition," or a petition requesting such a declaration was pending.' Cable competition offers great benefits to subscribers. In competitive situations, the incumbent cable operator usually responds by improving customer service, offering promotional discounts, lowering or stabilizing cable rates, adding channels and Internet services, and in some cases, offering new digital services, C. Recommendation 1. The consultant recommends that the County find the FCC 1240 maximum permitted BST rates, the FCC 1235 "add-on" razes, and the FCC 1205 equipment and installation rate, submitted by Time Warner Cable, to be reasonable and be approved. 2. It is requested that Time Warner submit amended 2001 FCC 1240 forms in September 2001, when it submits FCC 1240 forms for 2002. The amended FCC 1240. forms will utilize updated FCC inflation figures from the 2000 true up period, and the projected period. The resulting rates derived from the amended filings will carry forward into !Tn the Matter of Annual Assessment the Status of Co ' 'on in Markets for the PeIhM of x 1 Law- pp. VJ (January 14, 2000). Action Audits, LLC Franchise Fee U-Tax & tin & Telecommunication Administration 101 Pocono Lane, Cary, North Caroliua 27513-5316 Voice # 919.467.5392 Fax # 919.460.6868 12 -9- calculations in the 2002 FCC 1240 filing. This will prevent fixture BST maximum rates from being over inflated. D. Proceeding 1. The franchise authority must either approve or deny the operator's FCC 1240 BST maximum permitted rate request, finding the rate to be either reasonable, or not reasonable. This determination must be based upon a finding of fact. The franchise authority should adopt the consultant's report as its own, and the public must be . granted an opportunity to offer comment on the matter. It is suggested that a public comment period on the matter coincide with a regular public meeting. 2. A rate order, conveying approval is attached. To be valid, the order must be executed following the conclusion of a. A public meeting where the County grants interested parties an opportunity to comment; and b. Adoption by the County of the report as its own - required by FCC rules (this requires a motion to adopt, and a vote). I. It is appropriate for public comment to be heard, as related to BST rate issues, at the time the County meets to deliberate upon this matter. A statutory public hearing is not required. It is customary to call for a public comment in these matters. The comment period may be publicized by issuing a press release to the print and electronic media. It may also be announced in other appropriate ways. The company must be notified of the public meeting and advised to have a representative present to offer comment. Action Audits, LLC Franchise Fee U-Tax Auditin 8t Telecommunication. Administration 101 Pocono Lane, Cary, North Carolina 27513-5316 Voice # 919.467.5392 Fax # 919.460.6868 13 STATE OF NORTH CAROLINA ORANGE COUNTY NC-0276 & NC-0256 BEFORE ORANGE COUNTY IN THE MATTER OF: ) Review of FCC 1240 Annual Rate ) ORDER Adjustment Request, FCC 1235 ) FINDING T01E WARNER Abbreviated Cost of Service Rate Request, ) CABLE'S 2001 FCC 1240 BASIC and FCC 1205 Equipment and Installation ) SERVICE TIER, FCC 1235 COST Rate Request, filed by Time Warner ) OF SERVICE, AND FCC 1205 Cable for. ORANGE COUNTY ) EQUIPMENT AND INSTALLATION NC-0276 & NC-0256 ) RATES REASONABLE BY ORANGE COUNTY: WHEREAS, Time Warner Cable submitted FCC 1240 Updating Annual Maximum Permitted Rates filings for Regulated Cable Services with the County. These filings apply to franchises NC- 0276 and NC-0256, and cover external costs, inflation, and cable system upgrade costs for the true up period of October 1, 1999 through September 30, 2000, and the projected period of January 2001 through December, 2001; WHEREAS, Time Warner submitted to the County in 1999 FCC 1235 Abbreviated Cost of Service Filings for Cable Network Upgrades; these filings established the cost of service upgrade rates for only NC-0276; and these rates were carried forward and used as the upgrade rates for 2000 and 2001; these rates were previously found to be reasonable by the County, and covered capital expenses directly related to cable system upgrades prior to January 1, 2001; WHEREAS, Time Warner submitted to the County in September of 2000 an FCC 1235 Abbreviated Cost of Service Filing for Cable Network Upgrades, which established the cost of service upgrade rate for only NC-0256, and covers capital expenses directly related to cable system upgrades prior to January 1, 2001; WHEREAS, Time Warner Cable submitted an FCC 1205 Equipment and Installation Costs filing with the County, covering equipment and installation costs aggregated on a state-wide basis; WHEREAS, the County received a report from its consultant stating that Time Warner submitted FCC 1240, FCC 1235 and FCC 1205 rate filings on or about September 29, 2000, and also submitted FCC 1235 filings for NC-0276 in September 1999; the FCC published an updated inflation factor on October 4, 2000; Time Warner's FCC 1240s, FCC 1235s and FCC 1205 rate calculations comply with FCC rate-making rules, and the requested maximum permitted Basic Service Tier, Network Upgrade Cost of Service, and Equipment and Installation rates are reasonable; 14 WHEREAS, the consultant's report stated that Time Warner used in its 2001 FCC 1240 filings an inflation factor of 3% for the second, third and fourth quarters of 2000, and for the 2001 projected period; the FCC published the updated 2.4% inflation figure on October 4, 2000, five days after Time Warner completed its rate filings; it would be in the public interest if Time Warner amends its FCC 1240 rate filing prior to completing its next FCC 1240 rate filing in September 2001 for 2002; and that this amended FCC 1240 will incorporate updated inflation figures for the second, third and fourth quarters of 2000 and the projected period of 2001; . WHEREAS, FCC rules grant local franchise authorities an initial ninety (90) day review period, measured from the date of receipt of said filing by the franchise authority, with which to review the cable operator's FCC 1240 rate filing. If said ninety (90) day review period expires before the rates go into effect, the franchise authority retains review and refund authority past the initial ninety (90) day review period as long as all inquiries from the cable operator regarding said review are responded to in writing within fifteen (15) days of said inquiry; and . WHEREAS, the County is certified with the FCC to regulate Basic Service Tier rates provided by. Time Warner Cable in franchises NC-0276 and NC-0256. IT IS A FINDING: THAT Time Warner Cable's Basic Service Tier rate assessed subscribers.for franchise NC-0276 shall not exceed the maximum permitted rate of $9.91 and $11.92, for the Chapel Hill and Durham systems, respectively, and shall not exceed $10.62 for franchise NC-0256; during the projected period, subject to modifications by subsequent findings of the, cable operator or franchise authority; THAT Time Warner's FCC 1235 add-on cost of service upgrade charge shall not exceed $1.81 and $2.11, monthly, per subscriber, for franchise NC-0276, Chapel Hill and Durham systems, respectively; and Time Warner's FCC 1235 add-on cost of service upgrade charge shall not exceed $1.45 for franchise NC-0256, during the projected period, subject to modifications by subsequent findings of the cable operator or franchise authority; THAT Time Warner's FCC 1205 Equipment and Installation Hourly Service Charge shall not exceed $28.39; THAT Time Warner Cable may charge a Basic Service Tier rate below the approved maximum permitted rate, but not above it; THAT Time Warner may charge a cost of service Network Upgrade Charge rate below the approved maximum permitted upgrade rate, but not above it; THAT Time Warner Cable has substantiated the other adjustments to its cable service rates based on past and estimated cost elements; and 15 THAT Time Warner has complied with FCC rate-making rules, and its requested maximum permitted Basic Service Tier rates, and Cost of Service Network Upgrade Charge "add-on" rates, and Equipment and Installation rate are found to be reasonable; and THAT it will be in the public interest if Time Warner amends its 2001 FCC 1240 rate filings using updated FCC inflation figures for the second, third and fourth quarters of 2000, and the projected period of 2001, prior to completing its FCC 1240 filing for 2002. IT IS THEREFORE ORDERED; THAT the Maximum Permitted Basic Service Tier rate for Time Warner subscribers for the projected period shall not exceed $9.91, for NC-0276 Chapel Hill system; $11.92 for NC-0276, Durham system; and $10.62 for NC-0256, the Carrboro system, per subscriber, per month, subject to subsequent findings by the County to the contrary, during the projected period of 2001; THAT the "add-on" Cost of Service Cable Network Upgrade charge not exceed $1.81, for NC- 0276 Chapel Hill system; $2.11 for NC-0276, Durham system; and $1.45 for NC-0256, the Carrboro system, per subscriber, per month, subject to subsequent findings by the County to the contrary, during the projected period of 200 THAT the Combined BST rate and Cost of Service Network Upgrade Charge rate shall not exceed $11.72, for NC-0276 Chapel Hill system; $14.03 for NC-0276, Durham system; and $12.07 for NC-0256, the Carrboro system, per subscriber, per month, subject to subsequent findings by the County to the contrary, during the projected period of 200 ' THAT the Equipment and Installation charge during the projected period of 2001 shall not exceed $28.39; THAT the County retains its authority to issue refunds or rate role backs after the initial ninety (90) dray review period with respect to the restructured rate set out in the FCC 1240 and FCC 1205 rate filings; and THAT Time Warner must keep a full and accurate account of all revenues and costs associated with the aforementioned cable rate adjustments. ISSUED BY ORDER OF ORANGE COUNTY This the day of 72001. ATTEST: Deliver Report and Order via Certified U.S. Mail to: Time Warner Cable Copq to: Action Audits 16 Exhibit I Recalculated FCC Filings TJ-COG CATV Regula 17 FCC FORM 1240 UPDATING MAXIMUM PERMITTED RATES FOR REGULATED CABLE SERVICES Cable Operator: 1. Dorn this Ming Involve a single Aunddse auawrity and a single consnuWty ui dt? YES NO If yam, comPlete the fisnc}uise auihurity information below and ever the dated cum mamba here: 256 YES x 2. Does this Oft Involve a single fr&W ise auflmrity but =Mpk conurandty uWb' NO If yes, envier to associates CUIDs below and complek the f enchise authority mf ken at to bottom of this page: ORANGE, 256 3. Does this Oft involve muttlple franchise attiitorldes4 If yak attach a separate sheet for each fimtchi= authority and include the followim>g fianchm authority mgmaatien wilt its associated CLW(s): Franchise Authority Informatlo ; 4. For what purpose b this Form 1240 being Mod? Please put an "X" in the appropriate be& a Original Form 1240 for Basic Tier x b. Amended Farm 1240 for Basic Tier c. Original Form 1240 for CPS Tier d. Amended Fotm 1240 for CPS Tier TO 5. Indk*W the am year thin period for which you are setting rat (an Projww Period] oiffiv 001 12r31R0o1 (mm/yy) TO 6. hulleate the thne period for which yon an performing a uve-up. 1OV01/99 o9/30N0 (mm/yy) 7. Status of ftevloaa Filing of FCC Form 1240 (miter an "x" to the apprpptiate box) YW NO a h this the first FCC Fmm 1240 filed in any,imisdictionp r b. Has an FCC Fofm 1240 been filed previously with the FCC? x If yes, eater the data of fibs most repeat filing: 04/16/199tl (mm/d&yy) YES NO c. Has an FCC Form 1240 been filed previcusly with the Fmdd i g Authority? Y If yes, eater the date of the most recent filing: 09/3W1999 (mm/dd/yy) Page 1 FCC Four 1240, July 15 TJ-CMG CATV Regulatic & Status of Previous Filing or FCC Form 1210 (enter an -ill hi Ow a"r%wfw1e box) 18 ns NO a. Has an FCC Form 1210 beau previously filed with the FCC? x If yes, cQW the date of the most recent filing; (ntm/dd/yy) YES NO b. Has an FCC Form 1210 been previously filed with the Franchising Authority? X If yes, eater the dale of the most recent filing: 05as/1994 (mm/dd/yy) 9. Status of FCC Form 1200 Fag (enter an "x't in the approprkte box) s Has an FCC Farm 1200 been previously filed with the FCC? YES NO x If yes, cuter the data filed: (min/dd/yy) YES NO b. Has an FCC Form 1200 been previously filed with the Franchising Authority? X If yes, enter the date filed: OOJOS/1994 (mrrt/dd/yy) 10. Cable Programming Services Complaint Status (eater an "x^ In the appropriate bax) YES NO a. Is ibis form being tiled in response to an FCC Form 329 complaint4 x If yes, enter the date of file complaint (mm/dd/yy) 11. h FCC Form 120513eittg Inducted With This Flfmg YES NO 12. Selection of "Going' Forward". Chamrd Addhioa MaWelogy (enter. an "x" In the appropriate box) Check hate if you are using the original rules [MARKUP METHOD]. a Check here if you are using the new, altermtive rules [CAPS METHOD]. If using *a CAPS METHOD, have you elected to revise recovery far YES No channels added during the period May 15, 1994 to Dec. 31, 1994? 13. Headcud Upgrade Medmiolo® +gdOTB.• OpsratataRAW-r* to the Comomwon thareksg4fivia use dots upvn* medwdokv (aid attach an agtdpment der and deptamatton saheduk Check here if you are a qualifying small system using the streamlined headend upgrade methodology. Part I: Preliminary Information Module A: Maximum Permitted Rate From Previous Filing 1999 MPR TWC AM c d e 7dde Basle T1er 2 Tier 3 Tier 4 T1: 5 Al Crarerrt Mwdrn= Penmttod Rde C4 7511 BI Aventge Subsctibership For True-Up Period l 812 82 Avernge Subscribe shop For True-Up Period 2 B3 Esomiated Average Subscribership For Projected Period 851 C: LIM . i. n. r?..1Anea ice: n??r.rrr_n C1 Unclaimed Inflation: Ope<rmer Switching From 1210 To 1240 C2 Unclaimed Lfflation: Umegabled Operator Responding to Rate Conplaira Inflation Factor For True-Up Period I [Wks 1] Inflation Factor For True-Up Period 2 [Wks 1] Cunemt FCC Inflation Factor Page 2 FCC Form 1240, July 199E TJ-COG CATV Regulatic 19 Module D: Calculating the Base Rate a b c d e Line Line Descri 'on Basic Tier 2 Tier 3 Tier 4 Tkr 5 Dl Current Headend Upgrade Segment DZ Curre[R Farerrnal Costs Segment $0.1126 D3 current Caps Method scgneat D4 Current Markup Method Segment D5 Current Channel Movement and Deletion Segment D6 Current True-Up Segment ($0.1122 D7 Current Inflation Segmat $0.1378 D8 Base Ratc [Al-DI-D24)3-D4-D5-D6-D7] $8.6151 Part II; True-Un Period Module E: Timing Information Line Llne Descrlptlon El What Type of Tnte-Up Is Being PQfamted7 (Answer -I'. "2', or "3'. See insmxd= for a desmiomn ofthece types.) If"I", go to Module L If"2", = wer E2 and E3. If "3", aunswer E3, E3, E4, rend BS. E.2 Number afMacths in the True-Up Period 1 E3 Number ofManths between the end of True-Up Period 1 and the end of the most recent Projected Period E4 Number of Months in True-Up Period 2 Eligible for Interest Fs5 Number afManths True-Up Period 2Incloble for Interest Module F: Maximum Permitted Rate For True-Up Period I ¦ b c d e um Line Description L. Tier 2 Tier 3 Tier 4 Tier 5 F1 Caps Method Segneat Far Trur-Up Period 1 [Wks 2] F2 Markup Method Segment For True-Up Period 1 [Wks 3] F3 Chan Mvmot Delete Segment For True-Up Period 1 [Wks' 4/5] F4 True-Up Period I Rate Eligible For Inflation [D8+F1+F2+F3] $8.6151 F5 Taflatian Segment for True-Up Period 1 [(F4*0)-F4] $0.2361 F6 Hw dmnd Upgradc Scut For Ttua-Up Period 1 [Wks 61 F7 &deraal Costs Segment For True-Up Period 1 [Wks 7] $0.1136 FS True-Up Segment For True-Up Period I (30.1564 F9 Max Perm Rate for True-Up Period 1 [F4+F5+F(r+F7+F8] $8.81184 Module G: Maximum Permitted Rate For True-Up Period 2 ¦ b c d e Line Lino Dearri en Bask Tkr 2 Tier 3 Tler 4 Tlr 5 GI Caps Method Segment Par True-Up period 2 [Wks 21 G2 Markup MetbW Segment For Tune-Up Period 2 [Wks 31 G3 Chan Mvmnt Delete Seg c t For True-Up Period 2 [Wks 4/5] 04 TU Period 2 Rate Eligible For Inflation [DS+F5+01+02+03] 05 Inflation segment for True-up Period 2 [(04")434] G6 Headend Upgrade Segment For True-Up Period 2 [Wks 6] GI External Casts Segmcnt For Truo-Up period 2 [Wks 7] GS True-Up Segment For TYuc-Up Period 2 G9 Max Penn Rate for True-Up Period 2 [G4+GSG6+G7+G8] Page 3 FCC Form 1240, July 191 'J-COG Module H: True-Up Adiustment Calculation CAN Regulation 20 Hl Rci=ue From Period 1 $84,543.2000 H2 Revenue Fro rn Max Permitted Rate for Period 1 $95,794,3807 H3 True-Up Period 1 Adjushnent [H2-Hl] 53,251.1807 H4 Interest an Period I Adjustmerd $107.5478 Adjustment For True-Up Period 2 135 Revenue From Period 2 Bligtble for Interest H6 Revenue From Max Perm Rate for Period 2 Eligible For Interest 97 Period 2 Adustment Eligible Far lnterest [HC>-IIS] Fa . Interest on Period 2 Adjustaiart (Sec instructions for formula) H9 Revenue From Period 2 Ineligible for Interest H10 Revenue Fmm Max Pert Rata for Period 2Ineligible for Interest HI I Period 2 Adjusnned Ineligible For Interest CHI NIV] Tetttl True-Up Adjustment H12 Previous Retaining True-Up Adjustment H13 Total Tme-Up AdjwWm t gB+H4+H7+H8+HI1+H12] $1,358,7185 H14 Amount of True-Up Qa=ed Fm This Projected period $1358.7285 H15 Remaining True-Up Adjuamtcot [11X3-H14] $0.0000 Part III: Proiected Period Module I: New Maximum Permitted Rate ¦ b d l i ne Lne DesMntion Basle Tier 2 m:,.3 Tier 4 Tkr 5 Il Caps Method Segm For Projected Period [Wits 2] 12 Markup 11th nod Segment For projected Period [Wks 31 a Chan Mvmnt Delete Segcnmt For Projected Period [Wks 4(5) 14 Proj. Period Rate Eligible For Inflation PS+F5+G5+I1+12+y3] $8.8512 15 Infletian Segment for Projected Period 1(I4*C5).I4] 50.2655 16 H-dend Upgrade Segment For Projected Period [Wks 6] 17 External Casts Segment For Projected Period [Wks 71 $1.3701 IS True-Up Segment For Projeeied Period $0,1330 19 Max Pemtitted Rau for projected Period [I4+I5+I6+I7+I8] $10.6197 no Operator Selected Rate For Projected Period $9.6500 UN* M inflation figures MPR 1240 $10.62 BM 1235A $1.45 Combined Maximum Permitted Rate $12.07 Combined TWC Selected Rate $11.10 differonae $0.97 saga 4 FCC Form 1240, July 1996 TJ-COG CAN Regulat 21 Worksheet 1- True-Up Period Inflation For irsm.wtiorm sea Appcvtdix A of Instmctiats For FCC Form 1740 Line Perm FCC Inflation Factor 101 Month 1 1.960/9 102 Month 2 1.965A 103 Month3 196% 104 Mamh4 3.00% 105 Month 5 3.00% 106 Month 6 3,00% 107 Month 7 3.00% 109 Month S 3.00% 109 Month 9 3.0096 110 Month 10 3.00% 111 Month 11 3.00% 112 Month 12 3.00% 113 Avc"V Inflation Fearer for TraaUp Period 1 1.0274 114 Month 13 115 Mouth 14 116 Month 15 117 Month 16 118 Muth 17 119 Mach IS 120 Month 19 121 Month 20 122 Marsh 21 123 Month= 124 March 23 175 Month 24 126 Average Inflation Factor for Tnte-Up Period2 Refreshed FCC Inflation Fech ran 100 196% Feb 1.96% lvla 196% Aw 240% WaY 240% Tune 2,40% MY 2.40% August 240% September TWC film 1240 2.40% Ddnber-FCC relcases 2.4% 24 Q 2.40% November 140% December 2.40% 1.0229 Page 1 FCC Form 1240, July 1t rJ-COG CAN Regulatioi 22 Worksheet 7 - External Costs True-Up Period For instxuotinrrm, sae Appendix A of htadnetiom For FCC Form 1240 Questim 1. For which tone period my you Ming out this workatoc 1 (Put anw in rife app opdata box] Question 2. How long is the feat period, in mondts, for which rates aro being set with this wmbbeet4 Question 3. How tog is the second period, in mantha, for which rates ate being set with this worksheet? Tnte•Up Period Projected Period X 12 a c e Line Line Dwflptlon Basle Tier 2 "W 3 Tler 4 Tier 5 Period 1 External Costs Eligible for Markup Cost of Prop mtmrg For Channels Added 701 Prior to 5/15/94 or After 5/15/94 Using Markup Method For Period $268.82 702 Retr>tmntission Consort Fees For Period 703 Copyright Fees For Period $761.06 704 External Costs Eligible For 7.5%u Markup $1,029.88 705 Marked Up External Comet $1,107.1210 Exterdal Costs Not Elipib for Markup 706 Cable Specific Taxes For Period 707 Franchise Related Costs For Period 708 Cotomi ion Regulatory Few For Period 709 Total ExtemA Coats For Period $1,107.1210 710 Monthly, Per-SWsxtlxr Exterad Costa For Period 1 $0.1136 Period 2 External Costs Elieible for Markup Cost of Progiamuke For Chnnob Added 711 Prior to 5/15/94 or After 5/15/94 Using Madcap Method For Period 712 RsInmtdssiun Consent Fees For Period 713 Copyright Fees For Period 714 Exremal Costs Eligible For 7.5% Markup .715 Marked Up External Costs External Costs Not E ' ble for Markup 716 Cable Speoa,&e Taxes For Period 717 Franchise Related Costa For Period 718 Cmmtdssion Regulatory Fear For Period 719 Totat$xtemal Costs For Period 720 Period Morft, Pa-Subscriber Extand Costa For Page 1 FCC Form 1240, July 1991 Ti-COG CAN Regular 23 Worksheet 7 - External Costs Projected Period For ieeshnct mL% see Appendix A of lnshuvfwm For FCC Form 1240 Question 1. For which 6me period am you filling out Ibis wodwhwO [Pot an "X" in the appropriate box.] Quaslian 2. How long is the Seat period, in maedhs, for wbieh rdw are b ft ad with tars wari®hcct? QmWIcn 3. How kmg is dw second pariad, in mon4 fnor wbich rates are being set m ft 66 wmkoheW Truc-Up POW ProiccW period X 12 0 ¦ c e Lim _ Line Description Rzaic T¦ r 2 .. Tier 3 Tier 4 Tier 5 Period 1 External Costs E ' ble for Markup Cost of Prong For Chameels Added 701 Prior to 5/15/94 or Atter 5/15/94 Using Mmknp Metiwd For Period $12,216.58 702 Rchamarimm Consent Few For Period 703 Cepyri& Fees For Period $798.27 704 Eternal CosW ErWble For 7.5%Mukup $13,014.85 705 Mocked Up Enaaaat Coat 513,990.9638 External Costs Not El ble for Markn 706 Cable Specific Taxes For Period 707 Fran nw Related Costa For Period 708 Como is ion Rowdatmy Fear For Period $0,00 709 Total External Code For Period $13,990.91338 710 Montlrty, PerSulyseaiber Exw" costs For Period 1 $1.3701 Page 2 FCC Farm 1240, July 1C TJ-COG CAN Regulatior 24 For instructions, sae Appendix A of Instructions For FCC Farm 1240 Question 1. How long is the True-Up period 1, in months? Question I How long is the True-Up Pariod 2, in months? 12 b c d a Une Line Description Ba k Pier 2 Tier ,3 Tier 4 Tier 5 801 Month 1 $9.9100 802 Month 2 $9.9100 803 Month 3 $9.9100 804 Mcmth4 $10.7800, 805 Month 5 $10.7800 806 Month 6 $10.7800 807 Month 7 $10.7800 808 Month 8 $10.7800 809 Manth 9 $10.7800 810 Month ]0 $10.7800 811 Month I l $10.7800 812 Month 12 $10.7800 813 Period 1 Average Rate $10.5625 814 Month 13 815 Month 14 816 Month 15 817 Month 16 818 Month 17 819 Month 18 820 Month 19 821 Month 20 822 Month 21 823 Month 22 824 Month 23 825 Mmtth 24 826 period 2 Average Rate Page 1 FCC Form 1240, July 1991 Ti-COG CATV Regulati FCC FORM 120, UPDATING MAXMIUM PERMITTED RATES FOR REGULATED CABLE SERVICES Cable Operator: Name of Cable Operator Tune Warner Cable Mailing Address of Cable Operator City State ZIP Code NC YES NO L Dom this M kg Mvolve a mlugie tksahcidse authority and a d n* wmtm mitt' w*? X below Pe;?to fimchise asocintad authority 2762 30 SUBS YES NO 2. Does this Ming MWIve a single franchin autthotity but mdtiple comnnuthy mitt? x If yes, enter the associated CUIDs below and c;omPleie the fanchise authority information at dhe bottom of this page: ORANGE, 276,30 SUBS 3. Does this Ehig Involve Multiple franchise suthorlties? If yes, attach a separate sheet for each fivmchiae authority and include the following fanchise authority information with its associated CU1D(s): Franchise Authority Wormathom: Name of Local Franchising Authority ORANGE, 276,30 SUBS Mailing Address of Local Franchising Authority City State ZIP Code Telephone number Fax Numicr 4. For what purpose Is this Farm 1248 behg MW? Please put an "X" in the appropriate boa. a. Original Farm 1740 for Basic Tier x b. Amended Form 1240 for Basic Tier c. Original Form 1240 for CPS Tier d. Amemdcd Form 1230 for CPS Tier TO S hadicate the are year time period for which you are settug rates (the Projected Period} 01101/2001 ":a3 M001 TO C Indicate the time perlod for which you are perfoiaft a hme.mp. !0!01/99 09/3W00 7. Sm a of Previous Filing of FCC Form 1240 (enter an "z" in the appropriate boz) YES NO a. Is dris the fast FCC Form 1230 filed in anyjarisdicdom7 b. Has an FCC Farm 1240 been filed previously with the FCC? If ycs, enter the date of the most recur fling: W64M (mm/dd/yy) YES NO c. Has an FCC Farm 1240 been filed previously with the Franchising Auilwrity7 x If yes, enter the date of the most recent filing: 09/30/1999 (mm/dd/yy) 25 (MMIYY) (mm?YY) Page 1 FCC Form 1240, July 1S N-COG & Status of Prevlous Piling of FCC Form 1210 (enter an "x" In the appmprlate box) YES NO a. Has an FCC Form 1210 been previously filed with the FCC? X If yos, enter the date of the most recent fling: (mm/dd/yy) YES NO b. Has an FCC Form 1210 been previously filed with the Franchising Authority? ; If yes, enter the dale of the most recent filing:. 05125/1994 (mm/dd/yy) 9. Status of FCC Form 1200 Ffg (enter an "x" In the appropriate box) YES No a. Has an FCC Form 1200 been previously filed with the FCC? z If yes, enter the date filed: (mm/dd/yy) YES NO b. Has an FCC Form 1200 been previously filed with the Franchising Au iority? g If yes, enter the date filed: 0$/05/1994 (mm/dd/yy) 10. Cable Progra oming 5erviaes Complaint Status (enter an "x" in the appropriate box) . YES NO a. Is this form being filed in response to an FCC Form 329 complain? x If yes, artier the dote ofthe compWnt (nult/dd/yy) YES NO 11. Is FCC Form 1205 Being Included With This Filing U. Seledicn of "Going Forward" Channd Addition Methodology (enter an "x" In the appropriate bar) Check here if you are using the original rules [MARKUP METHOD]. Check bete if you are using the new, alternative rules [CAPS METHOD]. 26 Musing the CAPS METHOD, have you elected to revise recovery for YES NO chamtels added during the period May 15, 1994 to Dec. 317 1994? 13. Headeard Upgrade Mallmdoloo W07V. Operat=nxWGw#5y to the Comminio" detr elt Il d#y W an this upgrade methodology mrd attach an equipment Ed and depmaiWon xawc k Check bere if you are a qualifying small system using the sttaamlined headand upgrade methodology. Part 1: Preliminary Information Module A: Maximum Permitted Rate From Previous Riling 1999 Um TWC UM e d e Line Line Description Ards T1er 2 Tier 3 Tier 4 Tier 5 Al Currant Ma;dM=Pcm%ittedRate $10.5737 Module B: Subsciribershiq -- • b c d e rlnw TI-T....4.#1 .. II..G TIr..R Ti..14 Tiwd 'fiefs B1 Average Subsanbeeabip Far True-Up Period 1 30 'in AvcaV Subs=baft ForTrue-Up Period 2 B3 . Estimated Average SWxmb=Wp Far Projected Period 31 CI Undaimod Inflation: Operamr Switching From 1210 To 1740 C2 Unclaimed Inflation: Ubreplated 0ptaatorResponding to Rate Complaint C3 Inflation Factor For Tau-Up Period 1 Mb 11 C4 hnflation Footer For T ua-Up Period 2 Mks 1] C5 Cuncot FCC hfllation Fa;w CAN Regulation ?age 2 FCC Form. 1240, July 1996 TJ-COG CAN Regulatih 27 Module D: Calculating the Base Rate a. b c d e Line Line Description Basic Tier 2 Tier 3 Tier 4 Tier 5 Dl Curran Headend Upgrade Segment 02 Current E#emal Casts Scgrter>t. $0.6543 D3 Cu=nt Caps Method SWnet D4 Curseot Markup Method Segtnemt D5 Current Chmmel MovemwR and Deletion Segment D6 Current True-Up Segment ($0.062 D7 Corneal lmtlatiott Segment $0.1572 IDS EweRate[AI-Dl-D2-D3-D4-D5-D6-D7] 39AU9 a b c d e LIM Lbne Desui on Bank Tler 2 Tier 3 Tler 4 Tier 5 Fl. Caps Method Segmeatt For True-Up Period 1 Rb 21 F2 Marimp Method Segment For True-Up Period 1 Nnm 3] F3 Chen Mvgmt Deletn Segment For Tnro-Up Period 1 [Wks' 4r5] F4 Thm-Up Period 1 Rato Eligible For 1n41atm [D8+F1+F2+F3] $9.8249 F5 b "an Segmera for Tnw-Up Period 1 [(F4*c3)-F4] $0.2692 F6 Headend Upgrade Sgpnd For True-Up Period 1 [When 6] F7 Mammal Casts Scpmmt For True-Up Period 1 [Wis 7] $0.6150 F8 True-Up SVn=d For Tmo-Up Period 1 ($0-0588 F9 Max Penn Rate for True-Up Period 1 [F4+F5+F6+F7+F8] $1016503 Module G: Maximum Permitted Rate For True-Up Period 2 a b c d e Line Linn on Bask Tie 2 Tier 3 Tier 4 Mors GI Caps Mstbod Scpncm For True-Up Period 2 [W]d 21 G2 Metkup Method Segment For Truo-Up Period 2 [Wks 3] G3 Chan Mvn= Deleta Sepneat For TnwUp Period 2 [Wlta 4/5] G4 TU Period 2 Rate Eligible For In laban [DB+FS+G1+G2+G3] 05 Ltflation Segment for Tine-Up Penrod 2 [(G4+C4)-G4] G6 Hradmtd Upgrade SWnwl For True-Up Pwad 2 [Wlca 6] G7 Mammal Costs Segment For True-Up Period 2 [Wks 71 G8 True-Up Segotant For Tru -Up Period 2 09 Max Perm Kato for True-Up Period 2 [G4+G5+G6+G7+G8] Page 3 FCC Form 1240, July 19 rJ-COG Module H: True-Up Adjaatment Calculation CATV Regulation 28 a b c d e I ape line Description Seale Tier 2 Tier 3 Tier 4 Tier S Adjustment For True-Up Period 1 Hl Revenue From Period1 $3,779.4500 E2 Revenue From Max Permitted Rate for Period 1 $3,820.7691 H3 True,-Up Period 1 Adjustmemt [H2.H1] $41.3191 H4 Merest an Period 1 Adjustmart $3.5517 Adjustment For True-Up Period 2 H5 Revenue From Period 2 Eligible for bterest H6 Revenue From Max Perm Rate for Period 2 Eligible For Interest 117 Period 2 Adjustmdrt Eligible For Interest [H6.H5] HS Iztlt aW on Period 2 Adjustmert (See i structions for formula) H9 Revenue From Period 2 Ineligible for interest 1R0 Revenue From Max Pam Rate for Period 2 Ineligible for Interest. HI I Period 2 Adju I .: Ineligible For Interest [Ii10•H93 Total True-Up Ad ,Jaen . H12 Pmvious R=mning Tiue.Up Ac wtmest H13 Total True-Up Adjustment [P13+H4kH7+H8+H11+H12] $44.8708 H14 Amount of TAX-Up Claimed For This Projected Period $44.8708 IRIS Remaining Taus-Up A4-fteot [H13-H14] $0.0000 . Part M: Proiected Period Module I: New Maximum Permitted Rate a b c d e Lirw Line Descri en Sasie Tier 2 Tier 3 Tier 4 Tier 5 Il Caps Method Segtnmc For Projected Period [Wks 2] 12 Markup Method Segment For Projected Period [Wks 31 13 Chan Mvnmt Dddri Segment For Projected Period [Wks 4/5] 14 Prof. Period Rate Eligible For Inflation [DS+F5+G5+I1+12+13] $10.0941 I5 hftstion Segment far Projected Period [(14eC5)-I4] $0.3028 16 Headend Upgrade Segment For Projected Period [Wk3 61 V Fattetnal Casts SegmeM For Projected Period [Wks 7] $1.4185 I8 Thic-UP SW=t For Projected Period $0.1193 19 Max Permitted Rate for, Projected Period [I4+I5+I6+i7+I8] $11,93471 1 110 Operator Selected Rate For Projected Period 511.5900 Using TVA inflation fun= MPR 1240 $11.92 An% 12352 $1.11 Combined MPR $14.03 Combined TWC Selected Rate $13.70 d]ffe<w= $0.33 Page 4 FCC Form 1240, July 1996 TJ-COG CAN Regulal 29 Worksheet 1- True-Up Period Inflation For i smucto s, sae Appendix A oflnatructions For FCC Farm 1240 Line Period FCC lnfhalon Factor 101 Month 1 1.96% 102 Month 2 1.96% 103 Month 3 1.96% 104 Month 4 3.00% 105 McWh 5 3.000A 106 Month 6 3.00% 107 Month 7 3.00% 108 Month 8 3.00% 109 Month 9 3,00% 110 Molrth 10 3.00% III MM& 11 3.00% 112 Month 12 100% 113 Average Irdl Fador for Trva-Up Period 1 1.0274 114 Myth 13 115 Math 14 116 Month 15 117 Mooth 16 118 Month 17 119 Madh 18 120 Month 19 121 Month 20 122 Month 21 123 Mouth 22 124 Mabth 23 125 Month 2,4 126 Average Inflshon Factor for Trae•Up Petiad 2 Jan 100 1.96% Feb 1.96% MW 1.96% Aw 2.40% ft 2.40% Juno 240% July 2.40% August 2.40% 8eptamber TWC files 1240 2.40% 7etaber- FCC rdeasas 24% 2d Q 2.401A November 2.40% 2.40% 1.0229 Page 1 FCC Form 1240, July 19 TJ-COG CATV Regulator 30 Worksheet 7 - Externs! Costs True-Up Period For uratt , ace Appardix A of haWactiom For FCC Form 1240 Qualim 1. For width daw period am you Oft not dds wmiabme [Pig an W in the appropiiato bme.l Qw" I How long is dw Tact Period, in mmom for which rates m being set wilt aria wmbbeet7 Queadm 3. How long b dto second period, m nmWbp% for which rates see being set with thh worlaheet7 True-Up Paiod Projected Period x 12 a c e Line Line 17mcription Htaic Tler 2 Tier 3 7114 Tlar 5 Period I External Costae El' ble far Marko Coat of Programm tg For Cbatmcb Added 701 Pour to 5/15/94 of Aft 5/15/94 Using Maalwp Method For Period $172.11 702 Rch m offs" Caasem Few Far Period 703 Copyright Fees For Period 533.85 704 Eganal Cost E halo For 7.5% Madcap $205.96 705 Mmlced Up External Costs $221.4070 External Costs Not Eligible for Marko 706 Cable Spserric Tmm For Period 707 Francbiw Raiated Costs For Period 708 C.=ms= Regulatory Foal For Period 709 Total Eternal Coss For Period 5221.4070 710 Mmft 1, Pa4ubecnber External Coss For Period $0.6150 Period 2 External Costs Eligible for Marko Coat of Pmgeammmg For Charmch Added 711 Prior to 5115/94 or After 5/15/94 Using Markup Method For Period 712 Rouamseusd m Conowd Fos For Period 713 Copyright Pea For Period 714 Ext=A Carta Etigiblo For 7.5% Matup 715 Mastd Up Extelml Coss External Costs Not El` 'file for Markup 716 Cable Specific Taxes For Period 717 Frrncbisc Rclawd Coss For Period 719 Comwiniou RegWAmy Fees For Period 719 Totai External Cass For Period 720 Monthly, Per-5ubacnber Extemal Costa For Period 2 Page 1 FCC Form 1240, July 199E TJ-COG CATV Regulal 31 Worksheet. 7 - External Costs Projected Period For inmucriorm, s= App radix A of 3n traction For FCC Form 1740 Question 1. For which time pmiod am you Siting out this wort d=V [Put = "X" in flue appropriate box.] Qucmm 2. How bmg is dw imt pdiod, in mmdbs, for which etas am being sat with this wmtahaat7 Qu mdm 3. How brag is the second period, iu mmdha, for which ralm are b ft ant wbh ibis wwk6W? Tma•Up Period Projected Patiod X 12 8 c e Lhm Line Description Basic Tler 2 Tier 3 Tier 4 Tur 5 Period 1 E=ternal Costs El' 'ble for Marko Cost of Programming For Cpaanale Added 701 Prior to 5/15/94 or Attu 5/15/94 Using Maimp Magwd For Period $455.36 702 Rao on Canal Foes For Period 703 Copyright Faor For Period $35.51 704 Extunal Casts Eli No For 7.5% Markup 5490.87 705 Marked Up ExIm ai Coals 8557.6853 External Costs Not El ble for Markup 706 Cable Specific Tmxcs For Period 707 Franchise Related Coats For Period 708 Commission Regulatory Fees For Period $0.00 709 Total Enmi al Coals For Period 5627.6853 710 P 1 Pm•SubsmIm Exte? Costs For gL4185 Page 2 FCC Form 1240, July 1 TJ-COG CAN Regula#ioi 32 For inaftuct om seo Appendix A of lnswctiaaa For FCC Fatm 1240 Question 1. How long is the Tmo•Up Period 1, im manths7 Quextiat 2. Haw long is the TmaUp Period 2, in manth?7 12 a h t d e IJae Une Deacrl on Hoek Tier 2 Tier 3 Tier 4 Tier 5 801 Month 1 $9.9100 802 Month 2 $9.9100 803 Month 3 59,9100 804 Month4 $10.7800 805 March 3 $10.7800 806 Month 6 $10.7800 807 Month 7 $10,7800 BOB Month 8 $10.7800 809 Month 9 $10.7800 810 Month 10 $10.7800 811 Month 11 510.7800 812 Month 12 $10.7800 813 Period 1 Average Rate $10.5625 $14 Month 13 815 Month 14 816 Month 15 817 Month 16 818 Month 17 819 Month 18 820 Month 19 821 Month 20 822 Month 21 823 Mash 22 $24 Month 23 825 Month 14 826 P rind 2 Averega Rate Page 1 FCC Form 1240, July 199E TJ-COG CAN Regulati FCC FORM 1740 UPDATING MAXIMUM PERMITTED RATES FOR REGULATED CABLE SERVICES Cable Operater. Name of Cable Operator Time Warner Cable Mailing Address of Cable Operator City State ZIP Code NC YES NO 1. Does this BWig hwdve a sbrgle 6mddee authority and a single ossnunamity unit? x belowa d associated CUM mm heee: 276, 5992 SUBS YES NO 2. Dan this flhg bwdve a single *sucMw nuthoft bus mutdple osunaafy mdM? x If yes, otter the associated CUIDS below and compleft the fiandim authority information at the beam of Ns page: 3. Does this filing Mnvahre nmlthple kmdd o mdlwdhies? If yes, attach a separate sheet for each ftuncbm authmity and ioefude the following fiandm authority iut?otmat n wi@r its associated CUID(s): Franchise Authority Wornmdan: Name of Local Franchising Authority ORANGE 276 5992 SUBS Mailing Address of Local Franchising Authority City State zip Coda Telephone number Fax Number 4. For what purpose is this Form 1248 being 1Bed? Please put ad "X" in the appreprhft bar. a. Original Farm 1240 for Basic Tier x b. Amended Form 1240 for Basle Tier c. Original Form 1240 for CPS Tier d. Amended Form 1240 for CPS Ties TO S lrudlcede the one year Woe period for wlrtch you are setting rates (the Proms Perletl} ovoUZ801 ll?J31/Z001 TO * Indicate dw that period for which yea are performing a t n"P. 1:0U99 89130M 7. Status of Previous Fling of FCC Form 1248 (erg an "z" in the appr+epeata box) YIIS NO a. Is this the first FCC Form 1240 tiled in any jmisdufion? z b. Has an FCC Form 1240 been filed previously witty the FCC? z If yes, enter the date f&, most recent fiftng: 006111998 (rma/dd/yy) YES NO c. Has an FCC Farm 1240 been filed previously wily th a Franchising AuflrorW I If yea, cow the data of the most recent filing: 09/3:1999 (mWdd/yy) 33 (=R/YY) (MM/YY) Page 1 FCC Form 1240, July 1: TJ-COG & Stains of Previm Filing of FCC Form 1210 (gftr an the apprep td a be* YES NO a. Has an FCC Form 1210 been previously filed with the FCC? X 7771 If yes, enter the dale of the most recent fling,: (=Wdd/yy) YES NO b. Has an FCC Form 1210 been previously filed with the Franchising Authority? x if yes, enter the date of the most recent Sling: 05iZ5C1994 (mm/dd/yy) 9. Status of FCC Form 1200 Flft (enter an "x" in the appropriate box) YMS No e Has an FCC Form 1200 been previously filed with Ole FCC? X If yes, eater the date fled: (nnn/dd/yy) YES No b. Has an FCC Form 1200 been previously fled with fm Franchising Authority? If yes, eater the date filed: 08/05/1994 (mm/dd/yy) 10. Cable Frogmiraming Services Complaint Status (enter an "x" in the appropriato boa[) YES NO a. Is Ibis form being filed in response to an FCC Form 329 complaint.? x If yes, enter the data of Ihe complaint: (mm/dd/yy) YES NO 11, ht FCC Farm 1205 Being hmWed With Ibis Filing L- I =1 1L Selectim of "Going Forward" Channel Addlitlm Metlu xlelogy (ender an "x" In the anrepriate box) Check here if you are using the original rules [MARKUP METHOD]. Check here if you are using the new, alternative rules [CAPS METHOD]. 34 Ifusng the CAPS METHOD, have you elected to revise recovery for YES NO channels added during the period May 15, 1994 to Dec. 31, 1994? 13. Headed Upgrade MethodolgU '"NOTE,* Operators now on* to the Coma mon thanehgiNfitr to un this upgrade mathwkdov and aftch an egrdpment Boland deppaoi om sohedulR Check bare if you are a qualifying small System using the Sireapalined headend upgrade methodology. Part I: Preliminary Information Module A: Maximum Permitted Rate From Previous Filing 1999 MPR TWC MPR c d e rJne Une Dexui on Heale Tler 2 TL 3 Tier 4 Tier 5 Al CwftMlodmumPeoguedRate 58.76781 1 • 6 c d e T A- A- WS .0 71 BI Average Subsoribmstdp Far True-Up Period 1 5,992 in Average Subseriberabip For True-Up Period 2 133 Estimated Average Subserib-Mp For PmJected Period 6.285 1nnanou 1n1ormation Cl Unclaimed bfhW= Opp SwkchittgFr=1210 To 1240 C2 Unclauaed lafiat mt Umtgtda W Operator Responding to Rate Compkits C3 bftoa Factor For True-Up Period 1 [Wks 1] C4 lnft=FWWFarTnie-Up Period2 PAgm 1] C5 Ctt.W FCC In W-u Factor 1.02341 CAN Regulation Page 2 FCC Form 1240, July 199e TJ-COG CAN Regulat 35 Module D: Calculating the Base Rate ¦ b c d e I3ne Line Descri on Bask Tier 2 Tkr 3 Tkr 4 Tier 5 Dl Current Hesdend Ups Segmart 172 Cumrat EMema1 Costs Segment D3 Current Caps Method Segment $0-6005 D4 Current Mmikup Method Segment D5 Cuamat Charnel Movement end Deletion Segment D6 Current True-Up Segment $0.2767 177 Gurneet Inflation ScFacrit $0.1243 D8 BmRato[A]-D1.D&D3-D4-D5-I76-D7] $7.763 Part H: True-Up Period Module E: Timing Information Litre Fl Caps Method SegmcraFor True-Up Pariod 1 Mks 21 F2 Markup Method Segment For Tbz-Up Period 1 [Wks 31 F3 Chan Mvnmt Delam Se$mcnt For True-Up Period 1 [Wks' 4(5] F4 True-Up Period I Rate Eligible For Inflation [D8+F1+F2+F3] $7.7663 F5 Inflation Segment for Truo-Up Period 1 [(F4+C3)-F4] $0.1817 F6 H wiend Upgade Segment For True-Up Period 1 [talcs 61 P7 External Costs Segment For True-Up Period 1 [Wks 71 $0.6000 F8 True-Up Segment For True-Up Period 1 $02824 F9 Max Perm Rate for True-Up Period 1 [F4+F5+F6+F7+Fg] $8,8304 une on ¦ b c B¦sle TIWZ T1r3 d e Tier 4 Tier 5 Module G: Maximum Permitted Rate For True-Up Period 2 ¦ Is e d e X3ae Llae Description B¦ak Tkr 2 Tier 3 Tkr 4 M:5 Gl Caps3ufethad Segment For True-up Period 2 [Wks 2] G2 Markup Method Segment For True-Up Period 2 [Wks 3] G3 Chan Mvmnt Delta Segmertt For True-Up Period 2 VM& 4/51 G4 TU Period 2 Rate Eligsble For lnflatica [D8+F5+G1+G2+G3] G5 hfieticm Segment for Truo-Up Period 2 [(G4*C4KA] G6 Headend Upgrade Segment For T-Up Period 2 [Wks 61 G7 External Costs Scgmeat For True-Up Period 2 [Wks 71 G8 Tnre-Up Segment For Tr-Up Period 2 G9 Mme Pam Rate for True-Up Period 2 [G+Wh+G6+G7+Gg] Page 3 FCC Farm 1240, July 19 TJ-COG Module H: True-Up Adjamtment Calculation CAN Regulation 36 • b t d e l dne Ilne Description Hanslc Tier 2 Tier 3 Tier 4 Tier S Adjustment For True-Up Period 1 Hl Revenue From Period 1 $615,892.0200 H2 Revcu= From Max Permitted Rate for Period 1 $637,212,6275 H3 T-Up Period I Adjustment Vi&EIl] $21,320.6075 H4 Blest on Period 1 Adjustment 51,832.6561 Adjustment For True-Up Period 2 H5 Revenue Fran Period 2 Eligible for Interest H6 Revenue From Max Perm Rate for Period 2 Eligible Farlaterast H7 Period 2 A4ptmeut Eligible For Interest WHS] HS htm= on Period 2 Adjustment (See insttuctioug for fomuia) H9 Revenue Froze Period 2Ineligible for Interest H10 Rom we From Max Perm Rate for Period 3 hv.4 gjble for Interest Hi I Period 2 A4wtmew Ineligible For Interest [HI04 9] ToW True-Up Adjustment H12 Previous Remaining True-Up AdjQftxxft H13 ToW Tice-Up Adjustment [H3+H4+H7+M+H11+H12] $23,153.2636 H14 Amomd afTrur Up Claimed For This Projected Period $23,153.2636 HIS RemainingThv,-UpAdjustment [M3-HI4] $0.0000 Part III: Projected Period MWWe I: New Maximum Permitted Rate a Is c d e Line line Desert en Bask T1r2 Tiers Tier 4 Tian S II Caps Method Segment For Projected Period [Wks 2] 12 Markup Method Segment For Projected Period [Wks 31 13 Chen Wang Delete Segment For Projected Period [Wks 41S] 14 Rej.PeriodRateEligible17orlafladan[D8+F5+G5+Il+I2+I3] $7.9480 15 Inflation Segment for Projected Period [(I4+C5).I4] $0.1908 16 Headend Upgrade Segment For Projected Period [Wks 6] I7 Exterud Costa Segment For Projected Period [Wks 7] $1.3853 I8 True-Up Segment For Projected Period $0.3070 119 Max Permitted Rate for Projected Period [I4+I5+I6+r7+I8] $9.8311 I10 Operator Selected Rite For Pmjeoted Period $9.2900 Using Tws inlation fipm AIPR 12M $9.83 AIEPB.123Sa $1.21 Combined MPR $11.64 Combined TWC Selected Rate $11.10 duce $0.54 Page 4 FCC Farm 1240, July 199E TJ-COG CAN Regula 37 Worksheet 1- True-Up Period inflation For tomatimM see Appendix A of lastt Mow Far FCC Form 1240 Line Perled FCC 7nAation Factor 101 Month 1 1.96% 102 Month2 1.96% 103 Month3 1-96% 104 Mcmth 4 100% 105 Month 5 240% 106 Month 6 2.4096 107 Month 7 240% 108 Month 8 2.40% 109 Mmtth 9 240% 110 Month 10 240% 111 Month 11 24096 112 Mouth 12 2409x, 113 Averse Wkwan Factor for Tme-up Pcaiod 1 1.0234 114 Mouth 13 115 Month 14 116 Month 15 117 Month 16 118 Month 17 119 Month 18 120 Mph 19 121 Month 20 122 Month 21 123 Mm%22 124' Month 23 12S Month 24 126 AveragelnfishanFactor farThe-Up Pedod2 yen 100 1.96% Feb 1.96% Mar 1-96% Apr 2.40% MW 240% Toren 2.40% w 2.40% p 2.40% SepWdwTWCSIrs 1240 2.40% Odober-FCC Meam 2.4% 2d Q 2.40% November 240% 2.40% 1.0229 Page 1 FCC Form 1244, July 1E TJ-COG CATV Regulator 38 Worksheet 7 - External Costs True-Up Period For imn damn, see Appendix A of bmhnctiam For FCC Farm 1740 Question 1. For which tmm period are you fi tg out this worlabcet? [Pat an X" in the MmTdaae box,] Quastiou 2. How long is the fist period, in months, for which n tea are being sat wilh this wadmbeet? Question 3. Huw kft is tlrc smand period, ins man&% for which rates are bmtg set with this watirdwW Tme•Up Period Pmjectcd Period X 12 x c e Line Liao l? Bxsie Tbrr 2 Mw 3 Tier 4 Tier 5 Period 1 External Costs Eligible for Marko Cost of"Pmgnomnmg For Channels Added 701 Prior to 5/15/94 ar After 5/15/94 Using . Markup Mothod For Period $34,506.25 702 Rebaosmiss m Cwwcnt Fees For Period 703 Copyr& Fees For Period $5,625.13 704 FjUrnd Costa MW v For 7.5% Markup 540,131,38 705 Marked Up External Cosh 543,141.2335 Erternal Costs Not Eligible for Markup 706 Cable Specific Taxes For Period 707 Franchise Rdmd Costa For Period 708 Commission Regt90M Fees For Period 709 Talxl Extnral Cents For Period $43,141.7335 710 1, Pa-suhamber Encrust Comu For Period $0.6000 Period 2 External Costs Eligible for Mur4p Cost of Pmw mm For Chamda Added 711 Prior to 5115/94 or After $115/94 Using Markup Modiod For Period 712 RehaosmisAm Cansat Fees For Period 713 Copyright Fees For Period 714 FxtmW COO Eligible For 7.5% Mat* 715 Marked Up Exte ud Cosh External Costa Not Eligible for Markup 716 Cable 5pveffia Taros 'For Period 717 Frnnalrim Related Cash For Period 718 Commission Regulatory Fees For Period 719 Total Extamd Casts For Period Mamthly, Per-Subscriber Ex nLd Costs For 720 Period 2 Page 1 FCC Form 1240, July 1991 TJ-COG CAN Regulai 39 Worksheet 7 - External Costs Projected Period For indnicdame, we Appeada A of loskuctiom For FCC Form 1740 Question 1. For which thne period arc you filling out dtis wmimheet? [Pot an "X" in the epp upd to box.] Quesfim 2. How htgg is die fiM period, m motes, for which rates am being set wifit thin woticelmn Quesfim 3. Flow Iwo is der second paiod, in motes, for which rates are belt set v ft this wmltsb xt? Thm-Up Paned Projected Period X 12 0 C Llne - - - l hta DmcHpttoo, ,. _ Fbute 1Y 2 Tler 3..• - Z4 . _Tler 5 Period i External Coats Eligible for Marko Cost of Programming For Channels Added 701 Prior to 5115/94 or ASa 5115/94 Using Markup Modmd For Pariod . $91,293.13 702 Robattmumm Conscut Fear For Pmwd 703 Copyright Fees For Period $5,900.17 704 External Casts Mole For 7.5% Markup 597,193.30 705 larked Up Eacimmf Costs S104,482.7975 External Costa Not Eligible for Marko 706 Cable Specific Tames For Penned 707 Franchise Relafcd Casts Far Period 708 Commission Regulatory Fels For Period $0.00 709 Total F,xuanal Costs For Period 5104,4x2.7975 710 Mondtiy, Pet-Subscriber Fattetual Casts For Paiod 1 $1.3853 Page 2 FCC Fort 1240, July 19 Ti-COG CATV Regulation 40 For hWW" ons, sae Appcndix A cf 1nsWcions For FCC Form 1240 Que cn 1. How long is the Thu Up PaaW 1, in months? Qucs ion 2 Haw long is the Tm -Up PaW 2. in months? 12 • b c d a Upe Una Demri on Bulc Tier 2 Tier 3 Tier 4 T1: S 801 Month 1 $9.9100 802 Month 2 59.9100 803 Munch 3 $9.9100 804 Month4 $10,7800 805 Month 5 $10,7800 806 Month 6 $10,7800 S07 Month 7 $10.7800 BOB Month S $10.7800 809 Month 9 $10.7800 8l0 Month 10 $10.7800 811 Month I1 $10,7800 812 Month 12 510.7800 813 Pericd 1 Average Rate $10.5625 814 Month 13 815 Morph 14 816 Month 1$ 817 Month 16 818 Month 17 819 Month 18 820 Month 19 821 March 20 82Z Month 21 823 Month 22 824 Month 23 825 Month 24 826 Period 2 Average Rate Page 1 FCC Form 1240, July 199