§  51.709   Rate structure for transport and termination.

   (a) In state proceedings, a state commission shall establish rates for
   the transport and termination of telecommunications traffic that are
   structured consistently with the manner that carriers incur those
   costs, and consistently with the principles in § § 51.507 and 51.509.

   (b) The rate of a carrier providing transmission facilities dedicated
   to the transmission of traffic between two carriers' networks shall
   recover only the costs of the proportion of that trunk capacity used by
   an interconnecting carrier to send traffic that will terminate on the
   providing carrier's network. Such proportions may be measured during
   peak periods.