ARCHIVED - Order CRTC 2000-903
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Order CRTC 2000-903 |
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| Ottawa, 2 October 2000 | |
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Bell Canada late payment charge increase denied |
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| Reference: Tariff Notice 6501 | |
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The Commission denies the proposed increase in the monthly interest rate for late payment charges. |
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1. |
On 31 July 2000, Bell Canada filed a revision to General Tariff Item 25.3 proposing to increase the rate used to calculate the late payment charge from 1.25% to 1.50%. The existing rate is based on a formula that uses the Bank of Montreal prime rate plus 7% and the proposed rate would be based on the Bank of Montreal prime rate plus 10%. |
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2. |
The company filed a list of late payment rates for unregulated long-distance carriers and utilities showing that these rates are at least 1.50%. |
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3. |
The company did not file any cost support for the proposed increase. |
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4. |
The Commission considers that the existing formula continues to be appropriate. It allows the rate for the late payment charge to change with fluctuations in the commercial interest rates. |
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5. |
Accordingly, the Commission denies Tariff Notice 6501. |
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Secretary General |
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