Also, it removes or drastically reduces regulatory requirements – many with financial penalties – that are no longer necessary in this highly competitive environment. Reed said the new regulations provide a reduction of penalty exposure from $12.5 million to $2 million per year.The reform legislation in both New Hampshire and Maine had strong bipartisan support, and was also backed by broadbased coalitions that included cable companies, incumbent local exchange companies, wireless providers, consumer groups and business trade groups. About FairPoint Communications, Inc.FairPoint Communications, Inc. (NasdaqCM: FRP) is a leading communications provider of broadband Internet access, local and long-distance phone, television and other high-capacity data services to customers in communities across 18 states. Through its fast, reliable fiber network, FairPoint delivers high-quality data and voice networking communications solutions to residential, business and wholesale customers. FairPoint delivers VantagePoint(SM) services through its resilient IP-based network in northern New England. This state-of-the-art fiber network provides carrier Ethernet connections to support the surging bandwidth and performance requirements for cloud-based applications like network storage, disaster recovery, distance learning, medical imaging, video conferencing and CAD/CAM along with traditional voice, VoIP, video and Internet access solutions. Additional information about FairPoint products and services is available at www.FairPoint.com. You can also connect with FairPoint on Twitter ( http://www.twitter.com/myfairpoint) and Facebook ( http://www.facebook.com/myfairpoint). SOURCE FairPoint Communications, Inc.