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	Amend SB 12 on 3rd reading as follows:                                       
	1) Strike all references to "Sec. 39.9032" in Subchapter Z, 
Chapter 39, Utilities Code and replace with "Sec. 39.911";
	2) In 39.911(b)(2), by striking Subsection (b)(2) as drafted 
and inserting the following: "(2) the rated capacity of the 
distributed renewable generation does not exceed the transmission 
and distribution utility or electric utility service capacity."
	3) In Sec. 39.911 by striking subsection (f) and inserting a 
new subsection (f) to read as follows: "(f) A transmission and 
distribution utility or electric utility shall make available to a 
distributed renewable generation owner for purposes of this section 
metering required for services provided under this section, 
including separate meters that measure the load and generator 
output or a single meter capable of measuring in-flow and out-flow 
at the point of common coupling meter point. The distributed 
renewable generation owner must pay the differential cost of the 
metering unless the meters are provided at no additional cost. 
Except as provided by this section, Section 39.107 applies to 
metering under this section."
	4) In 39.911, Subsection (g) after the period following 
"39.904." by inserting the following: "For electric utilities, the 
commission shall address the ownership of renewable energy credits 
associated with power sold to the utility."
	5) By striking 39.911 Subsection (h) and inserting a new 
Subsection (h) to read as follows: "(h) An electric utility or 
retail electric provider may contract with a distributed renewable 
generation owner so that:
		(1) surplus electricity produced by distributed 
renewable generation is made available for sale to the transmission 
grid and distribution system; and
		(2) the net value of that surplus electricity is 
credited to the distributed renewable generation owner."
	6) By striking 39.911, Subsection (j) and inserting a new 
subsection (i) to read as follows: "(i) For distributed renewable 
generation owners in areas in which customer choice has been 
introduced, the distributed renewable generation owner must sell 
the owner's surplus electricity produced to the retail electric 
provider that serves the distributed renewable generation owner and 
the provider that serves the owner's load which may include, but is 
not limited to, an agreed value based on the clearing price of 
energy at the time of day that the electricity is made available to 
the grid or it may be a credit applied to an account during a billing 
period that may be carried over to subsequent billing periods until 
the credit has been redeemed. The independent organization 
identified in Section 39.151 shall develop procedures so that the 
amount of electricity purchased from a distributed renewable 
generation owner under this section is accounted for in settling 
the total load served by the provider that serves that owner's load 
by January 1, 2009. A distributed renewable generation owner 
requesting net metering services for purposes of this section must 
have metering devices capable of providing measurements consistent 
with the independent organization's settlement requirements."