(a) The commission shall prepare and submit to the relevant policy committees of the Legislature and the Joint Legislative Budget Committee an annual report, not later than October 31 of each year, that includes, but is not limited to, all of the following information:

(1) Recommendations for improvements in the program.

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(2) A summary of the Public Interest Research, Development, and Demonstration Program’s impacts and benefits.

(3) A summary of how funding is allocated to each of the Public Interest Research, Development, and Demonstration Program’s natural gas investment areas.

(4) A description of successful or promising projects funded in each of the Public Interest Research, Development, and Demonstration Program’s natural gas investment areas.

(5) A summary of expected Public Interest Research, Development, and Demonstration Program funding initiatives and activities over the next year.

(6) Information on Public Interest Research, Development, and Demonstration Program-approved project budgets and benefits, all active projects, and recently completed projects.

(7) A description of any recent changes to the Public Interest Research, Development, and Demonstration Program’s spending guidelines or eligible projects.

(b) As part of each annual report submitted pursuant to this section, the commission may include information that has been previously provided in reports submitted to the Public Utilities Commission.

(c) The commission shall establish procedures for protecting confidential or proprietary information and shall consult with all interested parties in the preparation of each annual report submitted pursuant to this section.

(d) A report to be submitted pursuant to this section shall be submitted in compliance with § 9795 of the Government Code.

(Amended by Stats. 2021, Ch. 115, Sec. 71. (AB 148) Effective July 22, 2021.)