That is the plan. Once ISPs are co-opted by the FCC as public utilities they can be regulated. Once regulated, they can be censored. All for the public good of course.
So in the name of freeing the internet from private ISP censorship, the government seizes control of the ISPs to regulate them through “fairness” censorship and “protective” access to private information.
What a dilemma for all the liberal internet freedom geeks, who now have to choke out demands for free market capitalism to protect their rights.