Amend CSSB 482 by adding the following appropriately numbered 
SECTION to read as follows and renumbering subsequent SECTIONS 
accordingly:
	SECTION ____.  (a)  The Public Utility Commission of Texas 
shall develop a plan to reregulate the production and sale of 
electricity if, on July 1, 2007, the average price for average 
residential use of electricity in ERCOT is greater than the average 
price for average residential use of electricity in the United 
States.
	(b)  The plan required by Subsection (a) of this section must 
include:       
		(1)  possible methods to reverse the restructuring of 
the electric utility industry made by Chapter 405, Acts of the 76th 
Legislature, Regular Session, 1999;
		(2)  an evaluation of the effect on residential 
electricity prices of each method; and
		(3)  necessary legislative changes to implement each 
method.                
	(c)  Not later than January 5, 2009, the Public Utility 
Commission of Texas shall deliver the plan to the governor, the 
lieutenant governor, and the electric utility restructuring 
legislative oversight committee.