SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 1, 1995
NEW YORK TELEPHONE COMPANY
A New York Commission File I.R.S. Employer Identification
Corporation Number 1-3435 No. 13-5275510
1095 Avenue of the Americas, New York, New York 10036
Telephone Number (212) 395-2121
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Form 8-K NEW YORK TELEPHONE COMPANY
June 1, 1995
Item 5. Other Events
On June 1, 1995, the New York State Public Service
Commission ("NYSPSC") voted to approve, with
modifications, a proposed Regulatory Plan (the "Plan")
that would modify the manner in which New York
Telephone Company (the "Company") is regulated by the
NYSPSC over the next five to seven years. The Plan had
been submitted for approval to the NYSPSC in September
1994 by the Company, the New York State Department of
Public Service Staff and 15 other parties in the
incentive regulation proceeding instituted by the
NYSPSC in 1992. The NYSPSC indicated that it will
issue an order in approximately two weeks identifying the
modifications to the Plan. The Company will then have
15 days to accept or reject the Plan as modified. The
Commission has tentatively scheduled consideration of this
matter for the July 19, 1995 public meeting.
On June 1, 1995, the NYSPSC also indicated that, based
on the Company's 1994 performance results under the
service quality plan for 1994, the Company will incur a
penalty of $50 million, to be refunded to ratepayers.
No order has been issued concerning this matter.
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Form 8-K NEW YORK TELEPHONE COMPANY
June 1, 1995
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
NEW YORK TELEPHONE COMPANY
By Morrison DeS. Webb
Morrison DeS. Webb
Vice President,
General Counsel and Secretary
June 8, 1995
