[§269-38]  Regulatory flexibility for effectively competitive services.  The commission may allow telecommunications carriers to have pricing flexibility for services that the commission finds are effectively competitive; provided that the rates for:

     (1)  Basic telephone service and for services that are not effectively competitive are cost-based and remain just, reasonable, and nondiscriminatory; and

     (2)  Universal service is preserved and advanced. [L 1995, c 225, pt of §2]