Establishes conditions for net metering for authorized food waste recycling facilities.

This bill requires electric power suppliers to offer net metering to authorized food waste recycling facilities for electricity they generate using renewable energy. It specifies that facilities receiving excess credits beyond their own usage must be compensated for remaining credits or allowed to continue crediting at a set rate ($0.03/kWh above residential tariff). Facilities can also choose to sell excess power directly to nearby customers within the same utility service area or enter bilateral agreements. The bill directly affects existing food waste recycling centers (defined as Class C facilities authorized under state law) that generate renewable energy on-site.