49-31-1.4 "Price regulation" defined--Determination of fair and reasonable price.
"Price regulation" defined--Determination of fair and reasonable price.
purposes of this chapter, "price regulation" is the procedure used by the commission to approve the
charge for an emerging or noncompetitive telecommunications service which is not based on rate
of return regulation. In determining whether the price is fair and reasonable, the commission shall
determine and consider the price of alternative services, the overall market for the service, the
affordability of the price for the service in the market it is offered, and the impact of the price of the
service on the commitment to preserve affordable universal service. In determining the price for an
emerging competitive service, the commission shall also consider the actual cost of providing the
service. In determining the price for a noncompetitive service, the commission shall also consider
the fully allocated cost of providing the service.
Source: SL 1988, ch 375, § 6; SL 1992, ch 328, § 1.