News

L.A. Mayor Seeks Adelphia Rebates

5/02/2003 10:08 AM Eastern

Los Angeles Mayor James Hahn wants Adelphia Communications Corp. systems to
roll back last year's rate increase, asserting that the company has failed to
justify the hike it instituted last year.

The city wants the company to issue $5.5 million in rebates "as soon as
possible," according to the mayor.

Adelphia filed documentation for the rate increases based on financial
information that it asserted was true and correct. However, the company later
declared bankruptcy and an investigation found accounting
irregularities.

September