§269-108  Net electricity producers; excesselectricity credits and credit carry over.  At the end of each monthlybilling period, where the electricity generated by the eligiblecustomer-generator during the month exceeds the electricity supplied by the electricutility during that same period, the eligible customer-generator is a netelectricity producer and the electric utility shall retain any excesskilowatt-hours generated during the prior monthly billing period; provided thatthe excess electricity generated by the customer-generator, if any, in eachmonthly billing period shall be carried over to the next month as a monetaryvalue to the credit of the eligible customer-generator, which credit mayaccumulate and be used to offset the compensation owed the electric utility forthe eligible customer-generator's net kilowatt-hour consumption for succeedingmonths within each twelve-month period; provided further that the electricutility shall reconcile the eligible customer-generator's electricity productionand consumption for each twelve-month period as set forth in section 269-106. The eligible customer-generator shall not be owed any compensation for excesskilowatt-hours unless the electric utility enters into a purchase agreementwith the eligible customer-generator for those excess kilowatt-hours. [L 2001,c 272, pt of §6; am L 2005, c 104, §8]