There is a very valid argument in favor of treating ISPs and hosting providers the same as your electricity and water company, and prevent them from being able

There is a very valid argument in favor of treating ISPs and hosting providers the same as your electricity and water company, and prevent them from being able to ban users on a whim. However the companies that are currently being targeted are still a few levels removed from that. In fact the party advocating for this is also the one opposed to net neutrality.