Modifies provisions related to net metering

HB 940 modifies Missouri's net metering rules for small-scale renewable energy systems. It directly affects homeowners and businesses with solar or other renewable systems under 100 kilowatts who generate electricity for their own use. The bill requires utilities to offer net metering on a first-come basis until total capacity reaches 5% of the utility's peak load, with a yearly cap of 1% for new applications. It specifies that customers producing excess electricity receive credits based on the utility's typical fuel costs, not full retail rates, and outlines billing procedures for measuring net energy use.