(a) Not later than January 15 of each odd-numbered year, the commission, in consultation with the independent organization certified under Section 39.151 for the ERCOT power region, shall prepare and submit to the legislature an electric industry report.
(b) Each electric industry report submitted under this section must:
(1) identify existing and potential transmission and distribution constraints and system needs within the ERCOT power region, alternatives for meeting system needs, and recommendations for meeting system needs;
(2) summarize key findings from:
(A) the grid reliability assessment conducted under Section 39.165; and
(B) the report required by Section 39.9112;
(3) outline basic information regarding the electric grid and market in this state, including generation capacity, customer demand, and transmission capacity currently installed on the grid and projected in the future; and
(4) be presented in plain language that is readily understandable by a person with limited knowledge of the electric industry.