Net metering for electricity generation.

Net metering for electricity generation. Amends the statute concerning distributed electricity generation as follows: (1) Repeals provisions requiring an electricity supplier's net metering tariff to remain available to customers until the earlier of: (A) January 1 of the first calendar year after the calendar year in which the aggregate amount of net metering facility nameplate capacity under the net metering tariff equals at least 1.5% of the electricity supplier's most recent summer peak load; or (B) July 1, 2022. (2) Repeals provisions requiring an electricity supplier to: (A) petition the Indiana utility regulatory commission (IURC) for a rate for the procurement of excess distributed generation produced by customers owning a distributed generation facility; and (B) credit, at the approved rate, customers for excess distributed generation supplied to the electricity supplier. (3) Provides that an electricity supplier's net metering tariff must be offered and remain available to customers at least until January 1 of the first calendar year after the calendar year in which the aggregate amount of net metering facility nameplate capacity under the net metering tariff equals at least 5% (versus 1.5% under current law) of the electricity supplier's most recent summer peak load. (4) Requires an electricity supplier to petition, before July 1, 2025, the IURC for approval of a new or amended net metering tariff that is subject to the following: (A) If the electricity supplier establishes a limit on the aggregate amount of net metering facility nameplate capacity made available for participation by customers under the net metering tariff, that minimum aggregate amount must be at least 5% of the most recent summer peak load of the electricity supplier. (B) Any limit on the aggregate amount of net metering facility nameplate capacity made available for participation by customers is subject to the reservation of: (i) at least 30% (versus 40% under current law) for particip