Whereas, the General Assembly finds and determines that:
(1) State-of-the-art telecommunications is an essential element to the Commonwealth's initiatives to improve the lives of Kentucky citizens, to create investment, jobs, economic growth, and to support the Kentucky Innovation Act of 2000;
(2) Streamlined regulation in competitive markets encourages investment in the Commonwealth's telecommunications infrastructure;
(3) Consumers in the Commonwealth have many choices in telecommunications services because competition between various telecommunications technologies such as traditional telephony, cable television, Internet and other wireless technologies has become commonplace;
(4) Consumers benefit from market-based competition that offers consumers of telecommunications services the most innovative and economical services; and (5) Consumer protections against fraud and abuse, for the provision of affordable basic service, and for access to emergency services including enhanced 911 must continue.