PUB UTIL-TELCOM-PRICE CAP

Amends the Public Utilities Act. Defines a residential service price-cap company as a telecommunications carrier that provided local exchange telecommunications service to 100,000 or more residential users on January 1, 2003, using a network elements platform required to be provided to the carrier under the Act. Provides that a residential service price-cap company shall certify to the Illinois Commerce Commission that its rates for basic residential service are no greater than the rates in effect on January 1, 2003. Provides that if a residential services price-cap company does not increase its rates during the period beginning on the effective date of this amendatory Act of the 93rd General Assembly and ending on July 1, 2005 to a level greater than the rates that were in effect on January 1, 2003, then, during that period, neither the Commission nor any incumbent local exchange carrier shall approve an increase in the rate for a network elements platform charged to a residential service price-cap company or reduce the network elements available to residential service price-cap companies for purchase below that which is available on January 1, 2003.