The provision of gas, electric, and noncompetitive and emerging competitive telecommunications services by public utilities pursuant to tariffs or schedules approved by the South Dakota Public Utilities Commission, or pursuant to any other federal or state regulatory authority, do not constitute a violation of this chapter. The acceptance of such tariffs or schedules by the regulatory agency involved, the implementation by the public utility of any orders or directives of any such agency, or the taking of action by a public utility pursuant to an order or directive of any such regulatory agency does not constitute a violation of this chapter.
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