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	Amend CSHB 1777 by adding a new section, numbered 
appropriately, to read as follows:
	SECTION __.  (a) The Public Utility Commission of Texas, as a 
part of the commission's continuing analysis of reserve margins and 
capacity needs for the ERCOT system, shall consider creating and 
may establish a new alternative market mechanism to allow a 
potential interruptible industrial load that is greater than one 
megawatt and that will not be participating in the ERCOT market to 
be treated as a "load acting as a resource" and to allow 
compensation for that treatment.
	(b) The legislature finds that Texas businesses that are able 
to participate in an alternative interruptible service compete in 
interstate and global markets and that the opportunity for the 
businesses to be compensated for their interruptible loads is 
essential to the businesses' ability to remain competitive and to 
provide significant benefits to the economy of this state.  The 
Public Utility Commission of Texas shall consider these economic 
benefits in analyzing the potential of interruptible service.  Not 
later than January 1, 2006, the Public Utility Commission of Texas 
shall report any actions taken regarding interruptible service and 
the results of its analysis of interruptible service to the 
governor, lieutenant governor, the speaker of the house of 
representatives, and the presiding officers of each legislative 
committee with jurisdiction over electric services.