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News Release

For Immediate Release
February 8, 2010

Associate Attorney General Richard Head
(603) 271-1248

Statement from Attorney General on FairPoint Agreement

Attorney General Michael Delaney announced that state negotiators and FairPoint Communications have reached an agreement addressing FairPoint's future commitments to consumers in New Hampshire. The agreement largely leaves intact the major provisions of the 2008 Public Utilities Commission Order authorizing the transfer of assets from Verizon Communications to FairPoint Communications.

The agreement was filed earlier today with the US Bankruptcy Court, and will be filed with the New Hampshire Public Utilities Commission for review and approval.

On October 26, 2009, FairPoint Communications filed a bankruptcy petition with the United States Bankruptcy Court for the Southern District of New York. The Attorney General's Office has been actively involved in the bankruptcy proceeding on behalf of the State to ensure the bankruptcy proceedings do not adversely affect New Hampshire consumers.

The agreement, negotiated by members of the Attorney General's Office, staff of the New Hampshire Public Utilities Commission and the state's bankruptcy counsel, protects the commitments FairPoint made in 2008 when it assumed operations from Verizon. The new agreement leaves substantially unchanged FairPoint's obligation to meet the broadband buildout, capital investment and service quality targets established in the Public Utilities Commission's 2008 Order. In addition, FairPoint committed to certain management and operational changes to improve service quality for consumers and to improve its responsiveness to the State's concerns. The agreement also protects the authority of the PUC to regulate FairPoint's activities in New Hampshire.

In addition to the agreement reached with the State of New Hampshire, FairPoint also reached an agreement with representatives of the State of Vermont, which is being filed today with the Bankruptcy Court.

New Hampshire Department of Justice | 33 Capitol Street | Concord, NH | 03301
Telephone: 603-271-3658