Two experiments explored the levels of text representation that mediate text repetition effects, following the Raney (2003) model. The magnitude of the repetition benefit in Experiment 1 supported predictions of Raney’s model, indicating that the ease of forming a situation model contributed to the magnitude of the reprocessing benefit. In addition, representations organized around a good situation model were more sensitive to changes than were representations formed from reading without a good situation model. The results of Experiment 2 did not support the suggestion that the surface form and textbase are bound to a well-developed situation model, thereby limiting repetition effects to similar linguistic contexts. Rather, the nature of the repetition benefits in the present series of experiments are better explained by the degree of overlap between passages at each of the three levels of text representation.