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Amend the amendment in section 1 in subsection 11 by striking out all of the first 9 lines (page 1, lines 15 to 23 in amendment) and inserting the following:
 
‘11.  Existing affiliated generation outside service territory permitted.    Notwithstanding subsection 5, an affiliate of an investor-owned transmission and distribution utility that, on the effective date of this subsection, owns generation or generation-related assets that are not directly interconnected to the facilities owned or operated by that investor-owned transmission and distribution utility may continue to own those generation or generation-related assets in accordance with standards of conduct adopted under this subsection. The commission shall establish, by rule, standards of conduct governing the relationships permitted under this subsection between an investor-owned transmission and distribution utility and an affiliate of the investor-owned transmission and distribution utility that owns generation or generation-related assets that:’
Amend the amendment in section 2 in the 4th line (page 2, line 4 in amendment) by inserting after the following: "utility that" the following: ', on the effective date of this Act,'
 
SUMMARY
Under Committee Amendment "A," an affiliate of an investor-owned transmission and distribution utility may own generation or generation-related assets as long as the generation or generation-related assets are not directly interconnected to the facilities owned or operated by that investor-owned transmission and distribution utility.
This amendment restricts that permission to affiliates of investor-owned transmission and distribution utilities that own, on the effective date of the legislation, generation or generation-related assets.