PRC Updates Periodic Reporting RegulationsThe Postal Rate Commission said yesterday in a Federal Register notice that it is updating the periodic reporting regulations that the U.S. Postal Service is required to file with the PRC.
The notice said the changes, which take effect Dec. 19, should make it easier for the public to understand USPS proposals before the commission.
For example, one key report the USPS submits to the PRC yearly is the Cost and Revenue Analysis, which contains the agency's cost, volume and revenue estimates for the most recently completed fiscal year, both in total and by individual product. The CRA that the USPS currently submits estimates unit costs caused by each product, but does not provide documentation showing how those estimates were derived.
"Consequently, it is of limited value in identifying trends in product costs, or in analyzing their causes, which are core issues in rate and classification cases," the PRC said in its filing.