DIGEST OF INTRODUCED BILL
Net metering. Requires the utility regulatory commission (IURC) to impose a monetary penalty on an electric utility that fails to comply with net metering rules. Authorizes the IURC to reduce the penalty if the electric utility achieves compliance with the net metering rules. Requires the IURC to adopt emergency rules amending the rules concerning: (1) cogeneration and alternate energy production facilities; (2) net metering; and (3) customer-generator interconnection standards. Requires that the amended rules must do the following: (1) Allow the interconnection of generating facilities that use certain technologies or have a nameplate capacity of 100 kilowatts or less. (2) Provide that the rates paid by an electric utility for the purchase of energy from certain generating facilities must equal at least 75% of the retail rate charged by the utility for similar retail customers. Voids existing rules that do not comply with the requirements for the amended rules. Requires the IURC to report to the regulatory flexibility committee on the progress in adopting the amended rules.