Structural separation of interexchange and local exchange as a means of resolving DEPRECIATION RATE SETTING AND ITS IMPLICATIONS IN A MORE COMPETITIVE ENVIRONMENT Accounting for depreciable assets Depreciation--its impact on revenue Current FCC actions and their relationship Efficiency of future regulatory oversight ENSURING FAIR, NONDISCRIMINATORY ACCESS TO LOCAL EXCHANGES: CONGRESSIONAL ACTION IS Past FCC actions have not resolved access Present FCC proposals are unlikely to Legislative change represents the most comprehensive approach for addressing APPENDIX Page VI Theoretical concerns with rate of return/rate base regulation 198 VII Basic procedures used in establishing rates of return 201 VIII Problems regarding AT&T's rate base and expense items cited by FCC in Docket 19129, Phase II 203 IX Modifications of and alternatives to rate of return/rate base regulation 209 х Examples of items included in depreciable plant accounts 215 XI FCC's estimated increases in total revenue requirements for 1981 based on depreciation 217 XII FCC's proposed assignment of local exchange plant to interstate services 218 |