Earlier this week we were the first to break the story about Time Warner Cable's plans to implement overage charges (not that you'd know it by reading coverage by the Associated Press or CNET). An internal memo obtained by BroadbandReports.com highlighted the company's plans, but didn't contain exactly what those caps would be.

Multichannel News discovers that Time Warner Cable will initially be setting those monthly caps at 5, 10, 20 or 40 Gigabytes. Another interesting follow up can be found at Cable Digital News, who quotes Charter's CTO as saying "eventually, we will go usage-based."

We're currently going back and digging through Time Warner Cable's third quarter earnings, because we must have missed the part where they say they aren't already making a very healthy profit under the existing flat-rate pricing system.