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.