Act 99 of the 2014 Vermont legislative session directed the Public Service Department (Department) to complete an evaluation of net metering in Vermont and file the resulting report with the Public Service Board. This report to the Public Service Board (Board) addresses the legislative request. It builds directly from the report completed by the Department in January 2013 pursuant to Act 125 of the 2012 legislative session, updating assumptions and methodology as appropriate and described herein. Aspects of the methodology and approach that are not significantly changed from the 2013 Report will not be restated in this report.