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	Amend CSHB 1567 on page 6, between lines 18 and 19, by adding 
the following appropriately numbered section to Subchapter J, 
Chapter 39, Utilities Code, as added by SECTION 1 of the bill, and 
renumbering subsequent sections accordingly:
	Sec. 39.__.  CONTRACTUAL RIGHTS.  In the event that the 
electric utility subject to this subchapter either merges, 
consolidates, or otherwise becomes affiliated with another owner of 
electric generation, or completes the jurisdictional separation 
authorized by Section 39.452(e) and the resulting vertically 
integrated utility proposes to join a regional transmission 
organization, and either action adversely affects the rights or 
obligations of an electric cooperative under a wholesale generation 
or transmission agreement entered into before the effective date of 
this subchapter or otherwise adversely affects the electric 
cooperative's access to its existing generation resources under 
said agreements, then the utility shall submit a proposal agreeable 
to the cooperative and the utility for addressing such rights and 
obligations in the appropriate regulatory proceeding.  Such 
proposal shall be consistent with applicable law regarding the 
rights and obligations of the electric cooperative and the utility 
under such existing generation or transmission agreements.