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SCS/SB 698 - Incumbent local exchange telecommunications companies (ILECs) must reduce their originating and terminating intrastate switched exchange access rates by 10% of the difference between their intrastate and interstate exchange access rates each year for a period of ten years. After the ten-year period, the intrastate rate should be equal to the interstate rate. The act exempts certain small ILECs and rural alternative local exchange companies from the reduction requirement. This act is similar to HCS/HB 1750 (2010), SS/SCS/HCS/HB 495 (2009) and includes provisions similar to HB 898 (2009), HB 878 (2009), and SS/SCS/SB 555 (2009). ERIKA JAQUES
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