Amend CSSB 661 (senate committee report) in ARTICLE 1 by inserting the following appropriately numbered SECTION and renumbering the subsequent SECTIONS of the bill accordingly:
SECTION ____. (a) Subchapter C, Chapter 39, Utilities Code, is amended by adding Section 39.113 to read as follows:
Sec. 39.113. STANDARD PRODUCT. (a) A retail electric provider shall offer a standard product to each residential customer as provided by this section.
(b) The commission by rule shall establish the terms of the standard product required by this section. The rules must:
(1) require the product to offer service for 12 months at a fixed rate;
(2) set any necessary terms or conditions for the product; and
(3) allow a retail electric provider to set its own price for the product.
(c) A retail electric provider may offer alternative residential service products to its customers in addition to the standard product required by this section.
(d) This section does not affect a retail electric provider's obligation to serve as a provider of last resort under Section 39.106.
(e) A retail electric provider commits a significant violation of this title for the purposes of Section 39.356 if the retail electric provider does not offer to a residential customer the standard product required by this section.
(b) The Public Utility Commission of Texas shall adopt rules to implement Section 39.113, Utilities Code, as added by this section, as soon as practicable after the effective date of this Act.