Amend CSSB 7 in Section 39.151(c), Utilities Code, as added
by SECTION 33 of the bill (Committee Report Printing, page 18, line
67), by adding the following after "functions set out in this
section.":
The commission shall supervise the formation of an independent
organization to perform the regulatory functions prescribed by
Subsection (a)  for a power region that is located wholly or partly
in this state but is not located within ERCOT.  The independent
organization shall file for approval from the appropriate
regulatory bodies not later than December 31, 2001.  The commission
shall cooperate with other regulatory bodies as necessary.