On or before December 1, 2024, and biennially thereafter, the commission, in consultation with California balancing authorities, as defined in Section 399.12, shall submit a report to the Legislature that includes all of the following:

1. (a) A description of the electrical transmission project applications submitted to the commission for certificates of public convenience and necessity in the preceding two-year period.
2. (b) The number of electrical transmission projects that were issued certificates of public convenience and necessity in the preceding two-year period.
3. (c) The number of electrical transmission projects that, in the preceding two-year period, went into operation, were approved by the Independent System Operator, and did not require the issuance of certificates of public convenience and necessity.
4. (d) The estimated transmission capital cost added to the rate base for each electrical transmission project that was, in the preceding two-year period, either approved by the Independent System Operator or issued a certificate of public convenience and necessity.