MS SB2786

Declares legislative findings that net energy metering encourages renewable energy use and promotes economic development and job creation in Mississippi.

Defines net energy metering as measuring the difference between electricity supplied by utilities and electricity generated by customers and sold back to the utility over a billing period.

Requires electric utilities offering residential or commercial service to allow net energy metering facilities using bi-directional meters, with facility capacity limits of 25 kilowatts for residential or 300 kilowatts for commercial/agricultural use.

Directs the Mississippi Public Service Commission to establish rates, terms, conditions, safety standards, and rules for net energy metering contracts, and authorizes utilities to assess additional fees if direct interconnection costs exceed distribution system and public policy benefits.

Takes effect July 1, 2010.