The minutes showed that the rate hike was approved by a vote of 9-1.
At least two of those members thought the case for a rate hike had increased.
"It will be held accountable for years of poor customer service and rate hikes."
The excessive rate hikes would affect nearly 10,000 residents across these five states.
Some subscribers will be hit with rate hikes of almost 60 percent.
Another reason for the market's dismal performance was the rate hikes themselves.
Our forecast for the first rate hike remains the third quarter of 2011.
But that doesn't mean that an early rate hike is any more likely.
"But such was not the case, and we must face the reality that more rate hikes are coming."
However, a rate hike did not go into effect at that time.