Public utility regulation; Internet service providers, certificate to furnish broadband service.
The proposed bill will impact how broadband services are regulated in Virginia by establishing a clear regulatory framework for Internet service providers. The State Corporation Commission will implement necessary rules and regulations by January 1, 2024, outlining the process for current and new providers to obtain certifications. This ensures that broadband services are adequately monitored while fostering increased investment in infrastructure to improve connectivity across the state.
House Bill 1533 aims to amend regulatory definitions related to public utilities, specifically addressing Internet service providers and their ability to offer broadband services. The bill introduces a new section allowing the State Corporation Commission to grant certificates for Internet service providers to furnish broadband service. This legislative change reflects a growing recognition of the importance of broadband access as a utility similar to water or electricity, emphasizing its role in economic development and digital equity in Virginia.
Though the legislation received no opposition votes during its latest voting round, notable points of contention include potential concerns regarding the sufficiency of regulation over Internet service providers. Critics may argue that without stringent regulatory oversight, issues like pricing, service quality, and equitable access might be compromised. The bill's supporters, however, argue that easing regulatory burdens will encourage more companies to enter the broadband market, thereby increasing competition and lowering costs for consumers.