Phase-Down of Termination Charges. The Order contains a detailed chart (accessible via the link below) that lays out the timeline for the phase-down of termination charges. The phase-down for large carriers subject to price cap regulation begins on July 1, 2012 and is complete on July 1, 2018. For smaller carriers subject to rate of return regulation, the phase-down also begins on July 1, 2012, but is not complete until July 1, 2020. Consult the chart for details, but for large incumbent carriers and competing firms that operate in their areas, the key dates are...