I don't know about you but in my town ISP competition is practically nonexistent. Usually it's a choice between Comcast and maybe one other local ISP. It's practically a monopoly right now, which is why treating internet as a utility and treating huge ISPs like Comcast as a "government regulated monopoly" makes sense.
This would be just like what we already have with our local power companies. It's technically a monopoly, but it's heavily regulated so that they can't raise prices on your electricity for no reason. It's also very easy to argue that internet is every bit as much of a necessity as power or water is these days.
BTW, reading some other comments of yours on this submission indicates you believe this action has something to do with a law and/or legislators; it does not.
Snark aside, it looks like the current government is interested in repealing net neutrality, but not in increasing competition. So, at the end of the day, instead of a leaky roof we're going to end up with no roof at all. I doubt AT&T and friends would have supported the repeal of net neutrality if they thought it would lead to meaningful new competition.
There are multiple good competitive ISPs in small, dense, wealthy areas of the US like San Francisco. That isn't true elsewhere, even including much of Silicon Valley which isnt that far away.
Look at Denmark; they top the global ITU ITC ranking for internet service, and how do they do it? By totally deregulating ISPs while setting government policy to allow for competition (instead of trying to force ISPs to follow some arbitrary notion of good behavior in the abject lack of competition). They removed many ISP regulations (nominally antitrust regs) back in 2006 and it worked so well that they completely dissolved their rough FCC equivalent (NITA) in 2011.
We don't need the FCC ham-fist to improve or preserve the quality of our internet services. All we need is to set local and regional line lease policy to encourage actual ISP competition. Every X years, have an open auction to sell shared cable leases to Y different ISPs or something. Now instead of having to force net neutrality, some of the Z different ISPs that now service your house will use privacy guarantees as a cheap competitive advantage.