Sec.  69.155   Per-minute residual interconnection charge.

   (a)   Local  exchange  carriers  may  recover  a  per-minute  residual
   interconnection charge on originating access. The maximum such charge shall
   be the lower of:

   (1)  The  per-minute rate that would recover the total annual residual
   interconnection charge revenues permitted less the portion of the residual
   interconnection charge allowed to be recovered under  Sec. 69.153; or

   (2)  The  sum of the local switching, carrier common line and residual
   interconnection charges assessed on originating minutes on December 31,
   1997, minus the local switching charges assessed on originating minutes,
   less the maximum amount allowed to be recovered under  Sec. 69.154(a).

   (b) To the extent that paragraph (a) of this section prohibits a local
   exchange carrier from recovering all of the residual interconnection charge
   revenues permitted, the residual may be collected through a per-minute
   charge on terminating access.

   (c)(1) No portion of the charge assessed pursuant to paragraphs (a) or (b)
   of this section that recovers revenues that the local exchange carrier
   anticipates will be reassigned to other, facilities-based rate elements,
   including the tandem-switching rate element described in  Sec. 69.111(g), the
   three-part  tandem  switched  transport  rate  structure  described in
    Sec. 69.111(a)(2), and port and multiplexer charges described in  Sec. 69.111(l),
   shall be assessed upon minutes utilizing the local exchange carrier's local
   switching  facilities,  but not the local exchange carrier's transport
   service.

   (2)  If  a  local  exchange  carrier  cannot recover its full residual
   interconnection charge revenues through the PICC mechanism established in
    Sec. 69.153,  and  will  consequently  cover  a  portion  of  its residual
   interconnection charge revenues through per-minute charges assessed pursuant
   to paragraphs (a) and (b) of this section, then the local exchange carrier
   must allocate its residual interconnection charge revenues subject to the
   exemption established in paragraph (c)(1) of this section between the PICC
   and the per-minute residual interconnection charge in the same proportion as
   other residual interconnection charge revenues are allocated between these
   two recovery mechanisms.

   [ 62 FR 31938 , June 11, 1997;  62 FR 40460 , July 29, 1997, as amended at  62 FR 56133 , Oct. 29, 1997]