Provides that disputes concerning the rates, terms, and conditions made, demanded, or received by a locally regulated utility for allocated space on its poles for placement of licensees' attachments may be brought before the American arbitration association. All rates, terms, and conditions made, demanded, or received by any locally regulated utility must be based on the utility's cost for provision of the allocated space used by the licensee. Rates must be just, fair, reasonable, nondiscriminatory, and sufficient to cover the utility's actual capital and operating expenses attributable to the portion of the pole used by the licensee.