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BK613: You are using terminology a bit too broadly. I think you meant to say you thought there was merit to regulating “the internet” as a “public utility” rather than a “public good”. First, there is no single commodity or service that constitutes “the internet”. There are ISPs, social media platforms, cloud service providers, a gazillion Aps, etc. Next, a “public good” is a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization and the provider is unable to capture the value of the benefits it offers since it doesn’t lend itself to exclusion via pricing. A “public utility” is an essential service with high barriers to entry and where there are social benefits to granting franchise service areas to monopoly providers in return for cost-based regulation, Either way, I’m no sure any component of internet service lends itself to such regulation, For example, ISPs were once limited to copper wire and then a wide range of optical cable providers but can also be offered over the airwaves.
Server farms and cloud service require purchasing a bunch of servers in a large air-conditioned building with good electrical service (as Amazon has done all over norther Virginia). What are you going to “regulate”.