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	Amend SB 483 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's 
load at a value agreed to between 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."