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.