Sec.  69.727   Regulatory relief.

   (a) Phase I relief. Upon satisfaction of the Phase I triggers specified in
    Sec.  Sec. 69.709(b), 69.711(b), or 69.713(b) for an MSA or the non-MSA parts of a
   study area, a price cap LEC will be granted the following regulatory relief
   in  that area for the services specified in  Sec.  Sec. 69.709(a), 69.711(a), or
   69.713(a), respectively:

   (1) Volume and term discounts;

   (2) Contract tariff authority, provided that

   (i) Contract tariff services are made generally available to all similarly
   situated customers; and

   (ii) The price cap LEC excludes all contract tariff offerings from price cap
   regulation pursuant to  Sec. 61.42(f)(1) of this chapter.

   (iii) Before the price cap LEC provides a contract tariffed service, under
    Sec. 69.727(a), to one of its long-distance affiliates, as described in section
   272 of the Communications Act of 1934, as amended, or  Sec. 64.1903 of this
   chapter, the price cap LEC certifies to the Commission that it provides
   service pursuant to that contract tariff to an unaffiliated customer.

   (b) Phase II relief. Upon satisfaction of the Phase II triggers specified in
    Sec.  Sec. 69.709(c) or 69.711(c) for an MSA or the non-MSA parts of a study area, a
   price cap LEC will be granted the following regulatory relief in that area
   for the services specified in  Sec.  Sec. 69.709(a) or 69.711(a), respectively:

   (1) Elimination of the rate structure requirements in subpart B of this
   part;

   (2) Elimination of price cap regulation; and

   (3) Filing of tariff revisions on one day's notice, notwithstanding the
   notice requirements for tariff filings specified in  Sec. 61.58 of this chapter.