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	Amend the P. King amendment to CSSB 482 by adding the 
following:           
	(1) On page 8, after line 26, insert the following and 
renumber subsequent sections.
	SECTION 6. Subchapter E, Chapter 39, Utilities Code, is 
amended by adding Section 39.2025 to read as follows:
	Sec. 39.2025. MARKET REVIEW BASED ON PRICE OF ELECTRICITY. 
(a) The commission shall review, as described in Subsection (b), 
the price of the electric service plan under which residential 
customers who took service under a price to beat tariff on December 
31, 2006, who have not subsequently chosen an alternate retail 
electric service plan if the price charged by a retail electric 
provider to such residential customers averages more than one and 
one-half cents per kilowatt hour higher for more than a six month 
period than the average of the prices actually charged on 
customers' bills by other retailers for comparable electric service 
plans in the relevant transmission and distribution utility service 
territory.
	(b) If the commission determines that the retail electric 
provider's price charged to such customers is not reasonable based 
on its review, the commission shall reduce the retail electric 
provider's residential price charged to such customers, but not to 
less than one cent per kilowatt hour higher than the six month 
average of the prices charged by other retailers for comparable 
electric service plans in the relevant transmission and 
distribution utility service territory.
	(d) The commission shall adopt rules to implement this 
Section and to ensure that the intent of this Section is carried 
out.
	(e) This section shall not apply in the event of a natural 
disaster or other event of force majeure which causes interruption 
of the normal course of supply of fuel used in the generation of 
electricity within the state.
	(f) This section expires on January 1, 2009.