Net energy metering; eligibility limits.

Increases the cap on the amount of capacity a renewable electric generating facility in an area served by an investor-owned electric utility may have and remain eligible to participate in the net energy metering program. The measure increases such a facility's capacity from the expected annual energy consumption to 125 percent of that consumption based on billing history. In areas served by electric cooperatives, a facility is ineligible to participate in a net energy metering program if its capacity exceeds expected annual energy consumption. If the building to be served by the generating facility is newly constructed, the expected annual energy consumption is based on annual energy consumption at similar buildings. The measure also provides that net metering periods runs from June 1 through May 30 and provides that excess generation shall be purchased at a wholesale price determined in accordance with regulations of the State Corporation Commission.