Amend HB 1692 on third reading by inserting a new
appropriately numbered SECTION to the bill to read as follows and
renumbering subsequent SECTIONS of the bill accordingly:
      SECTION ___. Section 396.005(c), Local Government Code, is
amended to read as follows:
      (c)<(1)>  Notwithstanding any provision of this subchapter,
the authority shall continue to be served by the current provider
of electricity and related services to the authority until the
later of January 1, 2007, or the date on which an electric utility
subject to Subchapter I, Chapter 39, Utilities Code, is authorized
by the Public Utility Commission of Texas to implement customer
choice <September 1, 2001>.
            <(2)  Before September 1, 2001, the Public Utility
Commission of Texas shall study the electric utility infrastructure
of the authority and determine a reasonable purchase price for the
infrastructure.  The authority shall reimburse the commission for
the cost of hiring a consultant to prepare and present a study of a
reasonable purchase price for the infrastructure, if the commission
determines that a consultant is necessary.>
            <(3)  Any delegation of the exercise of power and the
provision of electric services provided for in Subsection (a)(19)
shall be effected through a competitive sealed proposal procedure.
The delegation must be awarded to the responsible offeror whose
proposal is determined to be the most advantageous to the authority
after considering the relative importance of price and other
evaluation factors included in the request for proposals.    The
authority may include as an evaluation factor any criteria the
board determines to be relevant to the delegation. The authority
may reject any and all proposals.  The authority may not accept a
proposal for the acquisition of the electric utility infrastructure
of the authority in which the offered amount is less than the
reasonable purchase price determined by the Public Utility
Commission of Texas.  The provisions of Chapter 252, including
Section 252.042(b) and related provisions of this code, shall
control procedures where not otherwise inconsistent with the
provisions herein.>