ALBANY — The state Public Service Commission on Tuesday approved an agreement with Charter Communications, known as Spectrum, to resolve disputes over the network expansion related to the company’s merger with Time Warner Cable in 2016.
The agreement allows Charter to expand its network to provide high-speed broadband service to 145,000 residences and businesses in upstate New York.
An additional $12 million will be spent to expand broadband service to more residences, according to a news release.
Some of the areas mentioned for expanded coverage are in the Washington County towns of Granville, Hartford and Whitehall.
“Broadband is crucial to driving economic growth and opportunity, especially in communities that are currently unserved or underserved, and Charter needs to deliver broadband access for New Yorkers,” said Commission Chairman John Rhodes.
Under the terms of the settlement:
- Charter will complete the expansion of its existing network to reach 145,000 addresses entirely in upstate New York. To date, Charter has reached about 65,000 of the required 145,000 addresses.
- Charter’s expansion will be completed by Sept. 30, 2021.
- Charter will also pay $12 million for additional broadband expansion projects at locations to be selected by the Department of Public Service and the New York State Broadband Program Office.
The settlement includes consequences should Charter fail to meet those important milestones.
The settlement provides stronger incentives for Charter to meet its future build-out commitments in the form of $2,800 payments to escrow for any missed targets on a per address basis.
The business news you need
With a weekly newsletter looking back at local history.