As a libertarian who knows tech, I'm on the government's side here, although I'm grimacing while I'm supporting them. It's simply the lesser of two evils.
One thing to help clarify the debate if you're talking to somebody who opposes this move: do not confuse the issue of how the government should be treating utilities in general with whether or not the internet is a utility. We can have a grand old time debating the overreach of a regulatory statist society, but that has got jack squat to do with the issue at hand. Is the internet more like electricity, where you pay so much for a bucketful, and then you can do whatever you want with it? Or is it more like Star Wars, where George Lucas and Disney can charge us 17 times at 17 different rates for different versions of what is essentially the same thing? These are two different discussions to be had; do not let folks conflate them into one.