Text: H03780 Text: H03782 Text: H03700 - H03799 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend the amendment, H-3610, to House File 518 as 1 2 follows: 1 3 #1. Page 9, by inserting after line 7 the 1 4 following: 1 5 "10. a. Notwithstanding subsections 1 through 9, 1 6 a local exchange carrier with fewer than five hundred 1 7 thousand access lines in this state shall have the 1 8 option to be regulated pursuant to subsections 1 1 9 through 9 or pursuant to this subsection. 1 10 b. A local exchange carrier which elects to become 1 11 price regulated under this subsection shall give 1 12 written notice to the board of such election not less 1 13 than thirty days prior to the date such regulation is 1 14 to commence. 1 15 c. Upon election of a local exchange carrier to 1 16 become price-regulated under this subsection, the 1 17 carrier shall reduce its rates for basic local 1 18 telephone service an average of three percent. In 1 19 lieu of the three percent reduction, the local 1 20 exchange carrier may establish its rates for basic 1 21 local telephone service in a rate proceeding under 1 22 section 476.3 or 476.6 commenced after the effective 1 23 date of this Act. 1 24 d. Initial prices for basic communications 1 25 services, other than basic local telephone service, 1 26 shall be set at the rates in effect as of the first of 1 27 July prior to the date such regulation is to commence. 1 28 e. (1) A price-regulated local exchange carrier 1 29 shall not increase its rates for basic communications 1 30 services, for a period of twelve months after electing 1 31 to become price regulated. To the extent necessary, 1 32 rates for basic services may be increased to carry out 1 33 the purpose of any rules that may be adopted by the 1 34 board relating to the terms and conditions of 1 35 unbundled services and interconnection. A price- 1 36 regulated local exchange carrier may increase its 1 37 rates for basic communications services following the 1 38 initial twelve-month period, to the extent that the 1 39 change in rate does not exceed two percentage points 1 40 less than the most recent annual change in the gross 1 41 domestic product price index, as published by the 1 42 federal government. If application of such formula 1 43 achieves a negative result, prices shall be reduced so 1 44 that the cumulative price change for basic services, 1 45 including prior price reductions in these services, 1 46 achieves the negative result. After January 1, 2000, 1 47 the board by rule may adopt different measures of 1 48 inflation and productivity if they are found to be 1 49 more reflective of the individual price-regulated 1 50 carriers. 2 1 (2) Price increases for basic communications 2 2 services which are permitted under this subsection may 2 3 be deferred and accumulated for a maximum of three 2 4 years into a single price increase, provided that a 2 5 deferred and accumulated price increase under this 2 6 subsection shall not at any time exceed six percent. 2 7 A price decrease for basic communications services 2 8 shall not be deferred or accumulated, except that 2 9 price decreases of less than two percent may be 2 10 deferred by the local exchange carrier for one year. 2 11 A price decrease required under this section may be 2 12 offset by a price increase for a basic communications 2 13 service that would have been permitted under this 2 14 section in the previous twelve-month period, but which 2 15 was deferred by the local exchange carrier. A rate 2 16 change pursuant to this subsection may take effect 2 17 thirty days after the notification of the board and 2 18 consumers. 2 19 (3) A price-regulated local exchange carrier shall 2 20 not increase its aggregate revenue weighted prices for 2 21 nonbasic communications services more than six percent 2 22 in any twelve-month period. 2 23 (4) A price-regulated local exchange carrier may 2 24 reduce the price for any basic communications service, 2 25 to an amount not less than the total service long-run 2 26 incremental cost for such service on one day's notice 2 27 filed with the board. For purposes of this 2 28 subsection, "total service long-run incremental costs" 2 29 means the difference between the company's total cost 2 30 and the total cost of the company less the applicable 2 31 service, feature, or function. 2 32 (5) A price-regulated local exchange carrier may 2 33 offer new service alternatives for any basic 2 34 communications services on thirty days prior notice to 2 35 the board, provided that the preexisting basic com- 2 36 munications service rate structure continues to be 2 37 offered to customers. New telecommunications services 2 38 shall be considered nonbasic communications services 2 39 as defined in section 476.30A, subsection 6. 2 40 (6) A price-regulated local exchange carrier must 2 41 reduce the average intrastate access service rates to 2 42 the carrier's average interstate access service rates. 2 43 Such carrier shall reduce the average intrastate 2 44 access service rates by at least twenty-five percent 2 45 of the difference of such rates within ninety days of 2 46 the election to be price-regulated and twenty-five 2 47 percent each of the next three years. 2 48 f. A local exchange carrier shall notify customers 2 49 of a rate change under this subsection at least thirty 2 50 days prior to the effective date of the rate change. 3 1 g. The board may review a local exchange carrier's 3 2 operation under this subsection, with notice and an 3 3 opportunity for hearing, after four years of the 3 4 carrier's election to be price-regulated. The local 3 5 exchange carrier, consumer advocate, or any person may 3 6 propose, and the board may approve, any reasonable 3 7 modifications to the price-regulation requirements in 3 8 this subsection as a result of the specific carrier 3 9 review, except that such modifications shall not 3 10 require a reduction in the rates for any basic 3 11 communications service or a return to rate-base, rate- 3 12 of-return regulation." 3 13 3 14 3 15 3 16 DINKLA of Guthrie 3 17 3 18 3 19 3 20 RENKEN of Grundy 3 21 3 22 3 23 3 24 LAMBERTI of Polk 3 25 3 26 3 27 3 28 BELL of Jasper 3 29 3 30 3 31 3 32 CARROLL of Poweshiek 3 33 HF 518.518 76 3 34 mj/jw
Text: H03780 Text: H03782 Text: H03700 - H03799 Text: H Index Bills and Amendments: General Index Bill History: General Index
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