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 of1934
Date of Report (Date of earliest event reported): June 1, 1995
NYNEX CORPORATION
A Delaware Commission File I.R.S. Employer Identification
Corporation Number 1-8608 No. 13-3180909
1095 Avenue of the Americas, New York, New York 10036
Telephone Number (212) 395-2121
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Form 8-K NYNEX CORPORATION
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 ("New York Telephone") 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 New York Telephone, 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. New York
Telephone 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 New York Telephone's 1994 performance results under
the service quality plan for 1994, New York Telephone
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 NYNEX CORPORATION
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.
NYNEX CORPORATION
By Morrison DeS. Webb
Morrison DeS. Webb
Executive Vice President,
General Counsel and Secretary
June 8, 1995
