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SolidSystem

12/28/10 12:03 PM

#1343 RE: darkblaz #1342

SUPER NEWS TODAY!!! wow WOW WOOOOWWW!!!!
As previously disclosed, on October 26, 2009, FairPoint Communications, Inc. (the “Company”) and all of its direct and indirect subsidiaries filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) (Case No. 09-16335).



As a condition precedent to the effectiveness of the Company’s plan of reorganization under the Bankruptcy Code, the Company needed to obtain certain regulatory approvals from various regulatory authorities, including the Vermont Public Service Board (the “Vermont Board”). The Vermont Board did not initially provide its requisite approval. The Company made efforts to address certain issues that were raised by the Vermont Board and submitted a renewed request for the Vermont Board to provide its approval. On December 23, 2010, the Vermont Board entered an order providing its requisite approval.



Having obtained the Vermont Board’s approval, on December 27, 2010, the Company filed with the Bankruptcy Court a motion, among other things, (i) requesting approval of a form of supplemental disclosure to the creditors of the Company (a form of such supplemental disclosure is attached as an exhibit to the motion) and (ii) scheduling a continuation of the hearing on the confirmation of the Joint Plan of Reorganization of FairPoint Communications, Inc. A copy of the motion as filed with the Bankruptcy Court is available at www.fprestructuring.com under the “Court Filings” link.