That cut orange wire is normal for tiptronic clocksprings. It is a dead wire and your clockspring is fine. Take a look at the below eBay listing for a clockspring like yours. It's orange wire it cut too.
 Porsche 986 993 996 Tiptronic Steering Wheel Clock Spring Clockspring Air Bag | eBay
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1995 Porsche C4 Cab
2016 BMW M2, 6 Speed LBB - ED 7/2016
1997 993 Cab - Sold; 1997 993 Turbo - Sold
2001 Boxster S - Original Owner - 30K Miles -SOLD
Last edited by Chuck W.; 09-05-2017 at 06:44 AM.
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