Amend the Zbranek amendment to CSSB 7 by striking the text of
the amendment and substituting the following:
      Amend CSSB 7 by adding a new appropriately numbered Section
to read as follows and renumbering subsequent Sections accordingly:
      SECTION _____.  Subchapter A, Chapter 163, Utilities Code, is
amended by adding Section 163.002 to read as follows:
      Sec. 163.002. REPORT ON PROBLEMS. (a) The commission shall
analyze the financial problems of the municipal power agency,
described in subsection (b).  Before September 1, 2000, the present
recommendations for solving the problems to the Speaker of the
House of Representatives, the Lieutenant Governor, the members of
the Legislature, the Governor and the agency.
      (b) This subsection applies to a municipal power agency as
defined by this chapter, that has stranded costs in excess of
$6,000 per customer as determined by the April 1998 Report to the
Texas Senate Interim Committee on Electric Restructuring entitled
"Potentially Strandable Investment (ECOM) Report: 1998 Update."