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 Class I renewable energy. It directly affects facilities defined as Class C recycling centers authorized to handle food waste under state law. Key provisions include crediting facilities for excess electricity generated (with annual rollover), and offering two compensation options: payment for remaining credits or real-time billing at a set rate ($0.03/kWh above residential tariff). The bill clarifies these facilities won't be considered public utilities when selling excess power to end-use customers within their service area.