Utilities, Utility Districts - As introduced, removes the requirement that each year the Tennessee public utility commission submit to the general assembly a report describing the competitive nature of the telecommunications market in this state. - Amends TCA Title 65, Chapter 1 and Title 65, Chapter 5.

HB 701 removes an annual reporting requirement for Tennessee's Public Utility Commission (PUC). The bill deletes a provision mandating the PUC to submit to the legislature each year a report describing the competitive nature of the state's telecommunications market. This is a procedural change affecting only the PUC's reporting duties, with no new rules or direct impact on consumers, businesses, or utility providers. The legislation does not alter utility regulations or market oversight, solely eliminating an existing administrative task.