Amend CSSB 7, by striking Sec. 39.604 and substituting the
following:
      Sec. 39.604.  GOAL FOR RENEWABLE ENERGY.  (a)  It is the
intent of the legislature that by January 1, 2007, renewable energy
technologies shall constitute not less than five percent of annual
retail electric energy sales the in the state.
      (b)  The introduction of competition and retail customer
choice may create opportunities that will stimulate the economic
development of renewable energy technologies in the state to a
level that achieves the goal of Subsection (a) through reliance on
market forces alone.
      (c)  Each retail electric provider, municipally owned
utility, and electric cooperative operating in the state shall
obtain a minimum of one percent of its annual energy requirements
from renewable energy technologies by January 1, 2002, 1.5 percent
by January 1, 2004, and three percent by January 1, 2007.
      (d)  The commission shall establish a renewable energy
credits trading program.  Any retail electric provider, municipally
owned utility, or electric cooperative that does not satisfy the
requirement of Subsection (c) shall purchase sufficient renewable
energy credits to satisfy the requirement by holding renewable
energy credits in lieu of capacity from renewable technologies.
      (e)  In this section, "renewable energy technology" means any
technology that exclusively relies on an energy source that is
naturally regenerated over a short time and derived directly from
the sun, indirectly from the sun, or from moving water other
natural movements and mechanisms of the environment.  Renewable
energy technologies include, but are not restricted to, those that
rely on energy derived directly from the sun; on wind geothermal,
hydroelectric, wave or tidal energy; or on biomass or biomass-based
waste products.  A renewable energy technology does not rely on
energy resources derived from fossil fuels, waste products from
fossil fuels, or waste products from inorganic sources.