Amend CSSB 7 as follows: (1) In Section 39.301, Utilities Code, in SECTION 33 of the bill (Committee Printing page 34, line 19) add at the end of the section after the period, "The savings associated with securitization shall work to the benefit of ratepayers. The amount securitized may not exceed the present value of the revenue requirement over the life of the proposed transition bond associated with the regulatory assets or stranded costs sought to be securitized. The present value calculation shall use a discount rate equal to the proposed interest rate on the transition bonds." (2) In Section 39.262(a), Utilities Code, in SECTION 33 of the bill (Committee Printing page 30, line 28) strike the word "subchapter" and substitute "chapter".