• On February 21, 2012, the Colorado Public Utilities Commission (CO PUC) issued an emergency order capping intrastate switched access charge rates and also capping the state’s High Cost Support Mechanism (HCSM) fund in reaction to the FCC Intercarrier Compensation/Universal Service Reform Order (FCC 11-161). The CO PUC stated that it “would be contrary to the public interest” to comply with the notice and comment requirements of a standard rulemaking proceeding, and that “immediate adoption of the rules is imperative and necessary to limit potential increases to both the HCSM fund and access rates as a result of the requirements of the FCC Order.” The order immediately caps all local exchange carrier switched access rate elements at existing levels, but does not affect “any required implementation of rate reductions pursuant to federal requirements.” The order also caps the HCSM fund at $54,000,000 annually. The emergency rules will remain in effect until permanent rules are issued or for 210 days, whichever period is shorter. Docket No. 12R-148T.