Sec. 32.18  Waivers.

    A waiver from any provision of this system of accounts shall be made 
by the Federal Communications Commission upon its own initiative or upon 
the submission of written request therefor from any telecommunications 
company, or group of telecommunications companies, provided that such a 
waiver is in the public interest and each request for waiver expressly 
demonstrates that: existing peculiarities or unusual circumstances 
warrant a departure from a prescribed procedure or technique; a 
specifically defined alternative procedure or technique will result in a 
substantially equivalent or more accurate portrayal of operating results 
or financial condition, consistent with the principles embodied in the 
provisions of this system of accounts; and the application of such 
alternative procedure will maintain or improve uniformity in substantive 
results as among telecommunications companies.