Promotion of quantum theory from a theory of measurement to a theory of reality requires an unambiguous specification of the ensemble of realizable states (and each state's probability of realization). Although not yet achieved within the framework of standard quantum theory, it has been achieved within the framework of the continuous spontaneous localization (CSL) wave-function collapse model. In CSL, a classical random field $w(\mathbf{x},t)$ interacts with quantum particles. The state vector corresponding to each $w(\mathbf{x},t)$ is a realizable state. In this paper, I consider a previously presented model, which is predictively equivalent to CSL. In this completely quantized collapse (CQC) model, the classical random field is quantized. It is represented by the operator $W(\mathbf{x},t)$ which satisfies $[W(\mathbf{x},t),W({\mathbf{x}}^{\ensuremath{'}},{t}^{\ensuremath{'}})]=0$. The ensemble of realizable states is described by a single state vector, the ``ensemble vector.'' Each superposed state which comprises the ensemble vector at time $t$ is the direct product of an eigenstate of $W(\mathbf{x},{t}^{\ensuremath{'}})$, for all $\mathbf{x}$ and for $0\ensuremath{\leqslant}{t}^{\ensuremath{'}}\ensuremath{\leqslant}t$, and the CSL state corresponding to that eigenvalue. These states never interfere (they satisfy a superselection rule at any time), they only branch, so the ensemble vector may be considered to be, as Schr\"odinger put it, a ``catalog'' of the realizable states. In this context, many different interpretations (e.g., many worlds, environmental decoherence, consistent histories, modal interpretation) may be satisfactorily applied. Using this description, a long-standing problem is resolved, where the energy comes from the particles gain due to the narrowing of their wave packets by the collapse mechanism. It is shown how to define the energy of the random field and its energy of interaction with particles so that total energy is conserved for the ensemble of realizable states. As a by-product, since the random-field energy spectrum is unbounded, its canonical conjugate, a self-adjoint time operator, can be discussed. Finally, CSL is a phenomenological description, whose connection to, or derivation from, more conventional physics has not yet appeared. We suggest that, because CQC is fully quantized, it is a natural framework for replacement of the classical field $w(\mathbf{x},t)$ of CSL by a quantized physical entity. Two illustrative examples are given.