FairPoint Files Provisional Notice of Cutover Readiness; Triggers Formal Process to Expected Cutover at the End of January CHARLOTTE, N.C., Nov. 12 /PRNewswire-FirstCall/ — FairPointCommunications, Inc. (NYSE: FRP) today announced it has filed itsprovisional notice of cutover readiness with the Public Utility Commissions(PUC) in New Hampshire and Maine and the Department of Public Service (PSB)in Vermont. The notice was filed after Liberty Consulting Group indicatedin its November 12th monthly Status Report that FairPoint had metsubstantially all of the criteria required to cut over at the end ofJanuary. The state PUCs/PSB will now hold technical conferences withFairPoint and, if necessary, or at the request of intervening parties,public hearings. Subsequent to the hearings, FairPoint expects to file itsirrevocable notice of cutover with Verizon. In its report, Liberty stated FairPoint needed additional attention inone area (Competitive Local Exchange Carrier (CLEC) testing), so FairPointtoday also filed its rebuttal to the Liberty Monthly Status Reportindicating that, in its opinion, it had met the acceptance criteria.However, FairPoint agreed to complete the additional CLEC tests recommendedby Liberty. Gene Johnson, chairman and CEO of FairPoint stated, “A tremendouseffort was put forth in order to get to this point. While our work is notdone, I thank the employees of FairPoint and Capgemini U.S. LLC(FairPoint’s lead integration partner) and Verizon for making these effortsto date. As we move closer to the expected end of January cutover date, welook forward to being that much closer to better serving the residents andbusinesses of Maine, New Hampshire and Vermont with new broadband and voiceproducts, services and bundles through our approximately 60 new,state-of-the-art fully integrated systems.” The Vermont Public Service Board has scheduled a status conferencelater this week and the Public Service Commission staffs in Maine and NewHampshire have a joint technical session scheduled on November 17. ThePUCs/PSB may choose to conduct hearings on the matter later this month anddates are being held for that purpose. About FairPoint FairPoint Communications, Inc. is an industry leading provider ofcommunications services to communities across the country. Today, FairPointowns and operates local exchange companies in 18 states offering advancedcommunications with a personal touch, including local and long distancevoice, data, Internet, television and broadband services. FairPoint istraded on the New York Stock Exchange under the symbol FRP. Learn more athttp://www.fairpoint.com(link is external). This press release may contain forward-looking statements by FairPointthat are not based on historical fact, including, without limitation,statements containing the words “expects,” “anticipates,” “intends,””plans,” “believes,” “seeks,” “estimates” and similar expressions andstatements. Because these forward-looking statements involve known andunknown risks and uncertainties, there are important factors that couldcause actual results, events or developments to differ materially fromthose expressed or implied by these forward-looking statements. Suchfactors include those risks described from time to time in FairPoint’sfilings with the Securities and Exchange Commission (“SEC”), including,without limitation, the risks described in FairPoint’s most recentQuarterly Report on Form 10-Q on file with the SEC. These factors should beconsidered carefully and readers are cautioned not to place undue relianceon such forward-looking statements. All information is current as of thedate this press release is issued, and FairPoint undertakes no duty toupdate this information. SOURCE FairPoint Communications, Inc
Wave energy developer Seatricity has set a timetable to remove all residual mooring equipment used for Oceanus 2 wave energy device testing at Wave Hub.The decommissioning operation is expected to last up to ten days to remove five clump weights and lower elements of the mooring lines from the seabed, as that is the only infrastructure left in relation to Oceanus 2 deployment.The moorings, consisting of five gravity anchors made of a single main reactive clump and four smaller clumps, were installed on May 31, 2014.The first Oceanus 2 installation followed less than a month later. After series of trials, the Oceanus 2 device was recovered to Falmouth on August 20, 2016, and was not deployed since.Whilst all efforts will be made to avoid diving, a dive team will also be on stand-by to support if required, according to Seatricity.To remind, Devon-based marine contractor Keynvor MorLift (KML) was hired last year to perform the decommissioning.KML will use the Severn Sea survey vessel, and Sarah Grey multicat vessel, to perform the retrieval with the assistance of the Ocean Enterprise support catamaran workboat.As reported earlier, Seatricity planned to continue the trials on the Oceanus 2 device in 2017, but due to delays with the European Regional Development Fund (ERDF) grant funding, and the infrastructure decommissioning deadline, the testing of Oceanus 2 device at Wave Hub was discontinued.Wave Hub is a grid-connected site for testing wave energy converters located offshore Hayle on the north coast of Cornwall, at the eastern edge of the Atlantic Ocean.