Costs, Revenues Are Being Trimmed at GTE

GTE California, based in Thousand Oaks, is in the midst of a cost-cutting program, and the company has announced that its revenues, too, are being reduced. The reduction, mandated by the state Public Utilities Commission, will cut $100 million from the firm’s residential telephone income.

That amounts to a savings of $1.30 a month for the average residential customer.

The savings will show up on customers’ bills beginning this month as credits of 5.66% on local service and 5.35% on toll calls. Long-distance companies will also get a reduction on charges they pay GTE for access to its customers.