It’s a new year and the Postal Regulatory Commission (PRC) announced its release of the Commission’s Annual Report to the President and Congress for Fiscal Year 2019.
The report summarizes the work done by the PRC during the last year including highlights of the PRC’s proceedings, statistics on the PRC’s performance and estimates of the value of the Postal Service’s monopoly and cost of the universal service obligations (USO).
Some highlights from the report include 2019 accomplishments where the PRC:
- Finalized rules adopting a formula-based approach to annually calculate the appropriate share of institutional costs for Competitive products
- Reorganized its regulations and revised its rules of practice simplifying processes that had been in effect since the enactment of the PAEA
- Increased efficiencies in the handling of Freedom of Information Act requests
- Adopted rules requiring the Postal Service to detail how an update to size or weight limitation adversely affects users of the mail or competitors
- Considered ratemaking procedures for Inbound Letter Post and related services
- Adopted rules improving transparency into cost and service performance issues related to flats
- Established procedures for conducting market tests
- Amended rules for the calculation of assumed Federal income tax on Competitive products
To review the full 2019 report, click here.