It is hereby declared to be the purpose and policy of the Legislature in enacting this chapter: 1. To confer upon the Commission the power, and to make it the duty of the Commission, to regulate public utilities to the extent of its jurisdiction; 2. To provide for fair and impartial regulation of public utilities; 3. To provide for the safe, economic, efficient, prudent and reliable operation and service of public utilities; 4. To balance the interests of customers and shareholders of public utilities by providing public utilities with the opportunity to earn a fair return on their investments while providing customers with just and reasonable rates; and 5. With regard to telecommunication service: (a) To regulate competitive suppliers in a manner that allows customers to benefit from full competition regarding rates and services; (b) To provide for basic network service to economically disadvantaged persons who are eligible for a reduction in rates for telephone service pursuant to NRS 707.400 to 707.500 , inclusive; and (c) To maintain the availability of telephone service to rural, insular and high-cost areas through : (1) The levy and collection of a uniform and equitable assessment from all persons furnishing intrastate telecommunication service or the functional equivalent of such service through any form of telephony technology; and (2) Payments to telecommunication providers from the fund to maintain the availability of telephone service.
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