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e-CFR data is current as of March 5, 2021

Title 47Chapter ISubchapter BPart 65Subpart C → §65.302


Title 47: Telecommunication
PART 65—INTERSTATE RATE OF RETURN PRESCRIPTION, PROCEDURES, AND METHODOLOGIES
Subpart C—Exchange Carriers


§65.302   Cost of debt.

The formula for determining the cost of debt is equal to:

eCFR graphic er25ap16.010.gif

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Where:

“Total Annual Interest Expense” is the total interest expense for the most recent year for all local exchange carriers with annual revenues equal to or above the indexed revenue threshold as defined in §32.9000 of this chapter.

“Average Outstanding Debt” is the average of the total debt outstanding at the beginning and at the end of the most recent year for all local exchange carriers with annual revenues equal to or above the indexed revenue threshold as defined in §32.9000 of this chapter.

[81 FR 24344, Apr. 25, 2016]

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