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	Substitute the following for the Miller Amendment to the P. 
King Amendment to CSSB 482:
	Amend Amendment No. 1 by P. King to CSSB 482 (house committee 
printing) as follows:
	(1)  On page 9, beginning on line 25, strike "the commission 
not less than 120 days before the closing of any transaction in 
which" and substitute "and obtain approval from the commission 
before closing any transaction in which".
	(2)  On page 10, line 1, strike the underlined period and 
substitute:        

; or                                                                   
		(3)  a controlling interest or operational control of 
the electric utility or transmission and distribution utility will 
be transferred.
	(3)  On page 10, strike lines 2-4 and substitute the 
following:              
	(b)  The commission shall approve a transaction under 
Subsection (a) if it finds that the transaction is in the public 
interest.  In making its determination, the commission shall 
consider whether the transaction will adversely affect the 
reliability of service, availability of service, or cost of service 
of the electric utility or transmission and distribution utility. 
The commission shall make the determination not later than the 
180th day after the date the commission receives the relevant 
report.  If the commission has not made a determination before the 
181st day after that date, the transaction is considered approved.
	(4)  On page 10, between lines 17 and 18, insert a new 
Subsection (e) to read as follows:
	(e)  Subsections (a) and (b) do not apply to a transaction 
described by Subsection (a) for which a definitive agreement was 
executed before April 1, 2007, if an electric utility or 
transmission and distribution utility or a person seeking to 
acquire or merge with an electric utility or transmission and 
distribution utility made a filing for review of the transaction 
supported by sworn testimony under Section 14.101 before May 1, 
2007, and the resulting proceeding was not withdrawn.