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House Journal: Page 1315: Thursday, April 6, 1995

 8   existing service.  Consistent with community
 9   expectations and the public interest, the board may
10   reclassify by rule as nonbasic those two-way switched
11   communications services previously classified by rule
12   as basic.
13     7.  "Provider number portability" means the
14   capability of a local exchange customer to change the
15   customer's local exchange services provider at the
16   customer's same location without any change in the
17   local exchange customer's telephone number, while
18   preserving the full range of functionality that the
19   customer currently experiences.  "Provider number
20   portability" includes the equal availability of
21   information concerning the local exchange provider
22   serving the number to all carriers, and the ability to
23   deliver traffic directly to that provider without
24   having first to route traffic to the local exchange
25   carrier or otherwise use the services, facilities, or
26   capabilities of the local exchange carrier to complete
27   the call, and without the dialing of additional digits
28   or access codes.
29     Sec. 7.  NEW SECTION.  476.30B  PRICE REGULATION.
30     1.  Notwithstanding contrary provisions of this
31   chapter relating to rate regulation, the board may
32   approve a plan for price regulation submitted by a
33   rate-regulated local exchange carrier.  The plan for
34   price regulation is not effective until the approval
35   by the board of tariffs implementing the unbundling of
36   essential facilities pursuant to section 476.30D,
37   subsection 4, except for a local exchange carrier with
38   less than seventy-five thousand access lines whose
39   plan for price regulation will be effective concurrent
40   with the approval of its plan.  The board may approve
41   a plan for price regulation prior to the adoption of
42   rules related to the unbundling of essential
43   facilities or concurrent with a rate proceeding under
44   section 476.3, 476.6, or 476.7.  During the term of
45   the plan, the board shall regulate the prices of the
46   local exchange carrier's basic and nonbasic
47   communications services pursuant to the requirements
48   of the price regulation plan approved by the board.
49   The local exchange carrier shall not be subject to
50   rate of return regulation during the term of the plan.

Page   6

 1     2.  The board, after notice and opportunity for
 2   hearing, may approve, modify, or reject the plan.  The
 3   local exchange carrier shall have ten days to accept
 4   or reject any board modifications to its plan.  If the
 5   local exchange carrier rejects a modification to its
 6   plan, the board shall reject the plan without
 7   prejudice to the local exchange carrier to submit
 8   another plan.

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