NY A02927

Repeals existing net energy metering sections 66-j and 66-l of the Public Service Law and establishes new comprehensive net energy metering requirements for solar, wind, fuel cell, farm waste, micro-combined heat and power, and micro-hydroelectric generating equipment up to 2,000 kilowatts capacity.

Prohibits electric corporations from imposing backup, standby, demand, or other charges on customer-generators using net energy metering, except demand charges based on actual electricity supplied by the corporation during billing periods.

Requires electric corporations to credit customer-generators at the same retail rate per kilowatt-hour as other customers in the same service class for excess electricity produced, except micro-combined heat and power and fuel cell generators who receive credits at avoided cost rates.

Allows farm operation customers and residential customer-generators with solar or farm waste equipment to designate net metering credits to other properties owned or leased within the same electric corporation's service territory and load zone.

Requires electric corporations to establish interconnection standards consistent with IEEE 1541 and FERC Orders 2006 and 2006A, process net metering applications within one month, and provide simplified contracts without excessive insurance requirements.