Floor Packet Page No. 29
      Amend CSSB 7 on page 94 by adding a new Section 39.206
between lines 13 and 14 to read as follows:
      Sec. 39.206.  ECONOMIC DEVELOPMENT RATES.
(a) Notwithstanding any other provision in this Subchapter, an
investor-owned electric utility may, at the utility's option,
provide electricity at a price that is less than the utility's
retail tariff rate, but not less than the utility's marginal cost,
to:
            (1) a new industrial or commercial customer; or
            (2) a new or expanded facility of an existing
industrial or commercial customer.
      (b) An economic development rate under Subsection (a) must be
provided to a single point of delivery that:
            (1) is within the certified service area of the
investor-owned electric utility offering the rate; and
            (2) has the potential to create new full-time
employment positions at least equal to the lesser of:
                  (A) 500; or
                  (B) one-tenth of one percent of the population of
the county in which the point of delivery is located.
      (c) Approval of the regulatory authority is not required for
an economic development rate established under this section.