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Top court affirms CRTC’s authority to set up deferral accounts and decide how money is spent

News | 09/21/2009 7:08 pm EDT

A three-year-old battle over the controversial use of deferral accounts came to an end on Friday when the Supreme Court of Canada ruled that the Telus Corp. and Bell Canada will have to reimburse consumers one-time credits totally about $300 million. The ruling also reaffirms the CRTC’s authority under the Telecommunications Act to use its rate-setting powers to pursue policy objectives.

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