2024-08-19T14:51:07+00:00 2023-12-31 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 12207 990 2023-01-01 141815612 NEW YORK INDEPENDENT SYSTEM OPERATOR INC NEWY 5183566000 10 KREY BOULEVARD FINANCE RENSSELAER NY 12144 Cheryl Hussey Vice President and CFO 5183566000 2024-08-19 false MARILYN FARLEY P01231880 5184274600 2024-08-19 2023 2024-08-08 14:25:15Z RICHARD DEWEY 10 KREY BOULEVARD FINANCE RENSSELAER NY 12144 230448968 false X WWW.NYISO.COM X 1997 NY THE NYISO'S MISSION IS TO ENSURE POWER SYSTEM RELIABILITY AND COMPETITIVE MARKETS FOR NEW YORK IN A CLEAN ENERGY FUTURE. NYISO'S VISION IS WORKING TOGETHER WITH STAKEHOLDERS TO BUILD THE CLEANEST, MOST RELIABLE ELECTRIC SYSTEM IN THE NATION. 10 9 673 0 0 0 0 0 211944793 224667480 1581146 5781488 0 0 213525939 230448968 0 22000 0 0 102274953 118181452 0 0 0 111250986 112245516 213525939 230448968 0 0 877178997 732953039 877178997 732953039 0 0 THE NYISO'S MISSION IS TO ENSURE POWER SYSTEM RELIABILITY AND COMPETITIVE MARKETS FOR NEW YORK IN A CLEAN ENERGY FUTURE. NYISO'S VISION IS WORKING TOGETHER WITH STAKEHOLDERS TO BUILD THE CLEANEST, MOST RELIABLE ELECTRIC SYSTEM IN THE NATION. false false 169957749 22000 224667480 NYISO, GOVERNED BY AN INDEPENDENT BOARD OF DIRECTORS AND A COMMITTEE STRUCTURE COMPRISED OF STAKEHOLDER REPRESENTATIVES, IS SUBJECT TO THE OVERSIGHT OF THE FEDERAL ENERGY REGULATORY COMMISSION, AND REGULATED IN CERTAIN ASPECTS BY THE NEW YORK STATE PUBLIC SERVICE COMMISSION. ITS OPERATIONS ARE ALSO OVERSEEN BY ELECTRIC SYSTEM RELIABILITY ORGANIZATIONS, INCLUDING THE NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION, THE NORTHEAST POWER COORDINATING COUNCIL, AND THE NEW YORK STATE RELIABILITY COUNCIL. NYISO'S EFFORTS TO SERVE THE PUBLIC INTEREST AND PROVIDE BENEFIT TO CONSUMERS INCLUDE: i. OPERATING THE BULK ELECTRICITY GRID IN NEW YORK STATE, MANAGING THE FLOW OF POWER ON MORE THAN 11,000 CIRCUIT-MILES OF HIGH-VOLTAGE TRANSMISSION LINES, FROM OVER 700 POWER GENERATING UNITS, ON A MINUTE-TO-MINUTE BASIS, 24 HOURS-A-DAY, SEVEN DAYS-A-WEEK. ii. ADMINISTERING AND MONITORING NEW YORK'S WHOLESALE ELECTRICITY MARKETS, INVOLVING MORE THAN 400 MARKET PARTICIPANTS IN DAILY AND HOURLY AUCTIONS THAT MATCH THE BUYERS AND SELLERS OF POWER. iii. CONDUCTING LONG-TERM PLANNING ASSESSMENTS OF NEW YORK STATE'S ELECTRICITY RESOURCES AND POWER NEEDS, AND EVALUATING THE FEASIBILITY OF PROJECTS PROPOSED TO MEET THOSE NEEDS. iv. PROVIDING AUTHORITATIVE AND OBJECTIVE DATA AND ANALYSIS ON ENERGY ISSUES TO POLICY MAKERS, REGULATORS, MARKET PARTICIPANTS AND OTHER STAKEHOLDERS. v. DEVELOPING AND DEPLOYING COMMUNICATIONS AND DATA MANAGEMENT SYSTEMS TO OPTIMIZE THE DISPATCH OF POWER ON THE BULK POWER SYSTEM AND IMPLEMENT WHOLESALE ELECTRICITY MARKET DESIGN. 169957749 true false false true false false false true false true false false false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false true true true true false true X 231 0 true 673 true false false false false false false false false false false true false X 10 9 false false false false false false false true false false false true true true true true true true true false NY X CHERYL HUSSEY 5183566000 10 KREY BLVD RENSSELAER NY 12144 RICHARD J DEWEY PRESIDENT & CHIEF EXECUTIVE OFFICER 55.0 X X 1897858 0 505876 AVE M BIE DIRECTOR 18.0 X 187125 0 0 DANIEL C HILL CHAIR, BOARD OF DIRECTORS 25.0 X 249250 0 0 DAVID HILL DIRECTOR 16.0 X 188250 0 0 GIZMAN ABBAS DIRECTOR 12.0 X 189750 0 0 JOSEPH P OATES DIRECTOR 20.0 X 193875 0 0 MARK LYNCH DIRECTOR 16.0 X 179500 0 0 MICHAEL B BEMIS DIRECTOR 14.0 X 115200 0 0 ROGER B KELLEY DIRECTOR 16.0 X 180250 0 0 SALLY TALBERG DIRECTOR 12.0 X 93750 0 0 TERESA MARRINAN DIRECTOR 14.0 X 184410 0 0 AARON D MARKHAM VICE PRESIDENT, OPERATIONS 51.0 X 483343 0 182575 CHERYL L HUSSEY VICE PRESIDENT, CHIEF FINANCIAL OFFICER 47.0 X 646813 0 184850 DENEEN BYRNE VICE PRESIDENT, HUMAN RESOURCES 49.0 X 469356 0 156463 DIANE L EGAN CORP SECRETARY & SECRETARY TO BOARD 52.0 X 300902 0 36925 DOUGLAS CHAPMAN SENIOR VICE PRESIDENT, CHIEF INFORMATION OFFICER 48.0 X 747274 0 211822 EMILIE R N CHRAPOWITZKY EXECUTIVE VICE PRESIDENT & CHIEF OPERATING OFFICER 50.0 X 923764 0 269031 KEVIN LANAHAN VICE PRESIDENT, EXTERNAL AFFAIRS 49.0 X 666233 0 189439 RANA MUKERJI SENIOR VICE PRESIDENT, MARKET STRUCTURES 44.0 X 730644 0 217843 RICARDO T GONZALES SENIOR VICE PRESIDENT OF OPERATIONS & CHIEF OPERATING OFFICER 45.0 X 881446 0 237638 ROBERT A PIKE VICE PRESIDENT, MARKET OPERATIONS 49.0 X 597414 0 205148 ROBERT FERNANDEZ EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER 47.0 X 912311 0 270591 ZACHARY G SMITH VICE PRESIDENT, SYSTEM & RESOURCE PLANNING 52.0 X 636175 0 188888 ERIC ADAMS MANAGER, FACILITIES 43.0 X 195434 0 49486 JON D SAWYER DIRECTOR OF OPERATIONS 54.0 X 279416 0 110580 JULIANN MADERA DIRECTOR OF INTERNAL AUDIT 42.0 X 249917 0 100404 KEVIN PYTEL SENIOR MANAGER OF PRODUCT & PROJECT MANAGEMENT 46.0 X 240968 0 55345 MICHAEL STAHL SENIOR MANAGER IT INFRASTRUCTURE & OPERATIONS 44.0 X 256837 0 69787 RYAN SMITH DIRECTOR OF IT SOFTWARE TECHNOLOGY 43.0 X 355977 0 124659 KAREN G GACH DEPUTY GENERAL COUNSEL 47.0 X 481974 0 160430 MATTHEW A ANGLIN DIRECTOR OF ENTERPRISE SECURITY & CISO 51.0 X 349402 0 101198 PATRICK KELLY CONTROLLER & ASSISTANT TREASUREER 45.0 X 313106 0 81412 RAYMOND W STALTER DIRECTOR, REGULATORY AFFAIRS 48.0 X 370128 0 126763 SHAUN P JOHNSON DIRECTOR, MARKET DESIGN 44.0 X 354713 0 116702 TODD P ROMANSKY MANAGER, IT OPERATIONS & SERVICE MGMT 47.0 X 209772 0 61306 15312537 0 4015161 468 true true false HITACHI ENERGY USA INC 901 MAIN CAMPUS DR RALEIGH NC 27606 CONSULTING SERVICES 6955813 POTOMAC ECONOMICS LTD 10560 ARROWHEAD DRIVE SUITE 400 FAIRFAX VA 22030 CONSULTING SERVICES 5683136 HUNTON ANDREWS KURTH LLP 951 E BYRD ST RIVERFRONT PLAZA EAST TOWER RICHMOND VA 23219 LEGAL SERVICES 4696853 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 91110 CONSULTING SERVICES 1599204 RAILROAD19 INC 19 RAILROAD PLACE SUITE 204 SARATOGA NY 12866 CONSULTING SERVICES 1319850 59 0 0 0 0 0 0 0 0 TRANSMISSION TARIFF 221000 188237057 188237057 0 0 FERC FEES RECOVERY 221000 17362770 17362770 0 0 PLANNING STUDIES REVENUE 221000 17451924 17451924 0 0 GOVERNANCE COMMITTEE FEES 221000 451400 451400 0 0 MARKET PARTICIPANT TRAINING 221000 449267 449267 0 0 715062 715062 0 0 224667480 5781488 0 0 5781488 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 230448968 224667480 0 5781488 X 22000 22000 0 0 0 0 0 0 19327698 1099478 18228220 0 0 0 0 0 74560331 52168326 22392005 0 9687560 5496282 4191278 0 8406841 5307308 3099533 0 6199022 3517044 2681978 0 0 0 0 0 4959931 4916560 43371 0 765961 0 765961 0 126112 126112 0 0 0 0 0 0 0 0 28883630 28883630 0 0 17052 17052 0 0 2987675 1664959 1322716 0 26528201 24991902 1536299 0 0 0 0 0 5680036 3410277 2269759 0 639318 218155 421163 0 0 0 0 0 797080 637385 159695 0 2193183 2193183 0 0 0 0 0 0 17728494 17728494 0 0 3379241 0 3379241 0 FERC FEES 17362770 17362770 0 0 NPCC FEES 196832 196832 0 0 0 0 0 0 230448968 169957749 60491219 0 1191721 169718 735621019 585225246 0 0 8583243 10030855 0 0 0 0 0 0 0 0 9498879 8270126 454362703 363029322 95320827 91333381 2931463 3853797 0 0 0 0 24031845 34069916 877178997 732953039 255590815 131310661 0 0 68801830 87331921 0 0 411583834 380888584 0 0 28608961 24235409 53802398 49666985 58791159 59519479 877178997 732953039 0 0 0 0 0 0 0 0 0 0 0 0 877178997 732953039 0 0 0 0 0 0 X false true X true false X 0 0 0 0 0 0 180567971 198477267 195595569 211944793 224667480 1011253080 0 0 0 180567971 198477267 195595569 211944793 224667480 1011253080 0 0 0 0 0 0 77471380 72123630 79872146 70939582 72534665 372941403 77471380 72123630 79872146 70939582 72534665 372941403 638311677 1450669 218851 10065 1581146 5781488 9042219 0 1450669 218851 10065 1581146 5781488 9042219 0 0 0 0 0 0 0 182018640 198696118 195605634 213525939 230448968 1020295299 0.6256 0.6117 0.01 0.0 X Schedule A, Part III, Line 12 Other Income The NYISO does not have Other Income 0 126112 126112 169831637 169957749 1000000 0 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 98104 100102 117180 126112 441498 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 false true X 2998911 2998911 35816906 19011290 16805616 79552607 47585749 31966858 72771543 64755505 8016038 263222736 231676778 31545958 91333381 0 REGULATORY LIABILITIES 43497280 ACCRUED POSTRETIREMENT LIABILITY 5177407 ACCRUED PENSION LIABILITY 2497281 DEFERRED COMPENSATION 8196883 FMV OF INTEREST RATE SWAPS 27868 VOLTAGE RESERVE NET OF ACCRUED INTEREST 0 REG LIABILITY RS1 OVER-COLLECTION 0 LEASE CAPITALIZATION LIABILITY 122760 59519479 X 231595118 0 0 0 0 0 231595118 0 -1146150 -1146150 230448968 231595118 0 0 0 1146150 1146150 230448968 0 0 230448968 Schedule D, Part IV, Line 2b Explanation of escrow agreement THE AMOUNTS RECORDED ON LINE 21 OF PART X ON FORM 990 CONSIST OF WORKING CAPITAL RESERVES AND CASH COLLATERAL SECURITY DEPOSITS RECEIVED FROM MARKET PARTICIPANTS. ALL MARKET PARTICIPANTS CONTRIBUTE TO A WORKING CAPITAL RESERVE FUND, TOTALING $38,357,424 AT 12/31/23, WHICH IS USED TO PRESERVE LIQUIDITY IN THE NYISO MARKETS. ACCUMULATED INTEREST ON THE WORKING CAPITAL FUND IS DISTRIBUTED ANNUALLY TO MARKET PARTICIPANTS. ADDITIONALLY, CERTAIN MARKET PARTICIPANTS PROVIDE CASH AS COLLATERAL TO MEET THEIR NYISO CREDITWORTHINESS REQUIREMENTS. DEPOSITS TOTAL $342,531,160 AT 12/31/23 AND ARE INVESTED IN MONEY MARKET FUNDS. INTEREST/ DIVIDENDS ARE PROVIDED TO PARTICIPANTS MONTHLY. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote NYISO HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE (THE CODE) SECTION 501(c)(3) AND IS GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(A) OF THE CODE. NYISO HAS DETERMINED, PRIOR TO RECORDING ANY BENEFIT IN THE FINANCIAL STATEMENTS, THAT IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITIES, AS REQUIRED BY THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF FASB ASC (FIN48/ ASC 740). A TAX POSITION IS MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY OF BEING REALIZED UPON SETTLEMENT Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements REVENUE ADJUSTMENT RELATED TO THE FAIR MARKET VALUE OF INTEREST RATE SWAPS RESULTING FROM THE ORGANIZATIONS RATE SETTING PROCESS - -1146150 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 REVENUE ADJUSTMENT RELATED TO THE FAIR MARKET VALUE OF INTEREST RATE SWAPS RESULTING FROM THE ORGANIZATIONS RATE SETTING PROCESS - 1146150 EXPENSES RELATED TO 457B PROGRAM RESULTING FROM UNREALIZED LOSS ON INVESTMENT - -540797 CHANGE IN FAIR MARKET VALUE OF MARKETABLE SECURITIES - 540797 true IEEE FOUNDATION INC 445 HOES LANE PO BOX 1331 PISCATAWAY NJ 088551331 237310664 501(c)(3) 10000 Scholarship TEXAS TECH FOUNDATION INC Box 45025 Lubbock TX 79409 756043820 501(c)(3) 12000 Scholarship 2 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. BEFORE PLEDGING A DONATION TO THE IEEE POWER & ENERGY SOCIETY (PES) SCHOLARSHIP PLUS INITIATIVE, THE NYISO CONDUCTED DUE DILIGENCE ON THIS SCHOLARSHIP PROGRAM TO ASSESS ITS STABILITY, EQUALITY IN ADMINISTRATION, AND CONSISTENCY WITH THE NYISO'S MISSION AND OBJECTIVES. THE NYISO'S HUMAN RESOURCE (HR) AND LEGAL DEPARTMENTS CONDUCTED INDEPENDENT EVALUATIONS OF THE PROGRAM'S PUBLICLY AVAILABLE INFORMATION (AVAILABLE AT HTTP://WWW.EESCHOLARSHIP.ORG/SPONSORSHIP/DONATE-NOW). NYISO HR AND LEGAL REPRESENTATIVES ALSO SPOKE WITH THE IEEE FOUNDATION CAPITAL CAMPAIGN MANAGER TO OBTAIN FURTHER PROGRAM SPECIFICS, INCLUDING THE SELECTION PROCESS FOR THE PES SCHOLARS. IEEE CONFIRMED THAT CONTRIBUTIONS ARE MADE TO THE IEEE FOUNDATION, NOT SCHOLARSHIP CANIDATES, AND THAT INDIVIDUAL SCHOLARSHIPS ARE AWARDED ONLY AFTER COMPLETION OF THE APPLICATION PROCESS. THERE IS NO REQUIREMENT FOR THE NYISO TO PROVIDE INTERNSHIPS OR CAREER OPPORTUNITIES TO IEEE SCHOLARSHIP AWARDEES AS A CONDITION OF THE NYISO'S SUPPORT FOR THE PROGRAM. THE NYISO BELIEVES THAT THIS SCHOLARSHIP PROGRAM IS APPROPRIATELY ADMINISTERED AND PROVIDES SOLID RESOURCE FOR THE DEVELOPMENT OF ENGINEERS, INCLUDING WITHIN THE FIELD OF POWER SYSTEMS. BY SUPPORTING THE EDUCATION OF FUTURE POWER INDUSTRY WORKFORCE, THIS SCHOLARSHIP PROGRAM IS ALIGNED WITH THE NYISO'S PURPOSE. BEFORE PLEDGING A DONATION TO THE TEXAS TECH FOUNDATION IN HONOR OF PAST CEO BRADLEY JONES, THE NYISO CONDUCTED DUE DILIGENCE ON THIS SCHOLARSHIP PROGRAM TO ASSESS ITS STABILITY, EQUALITY IN ADMINISTRATION, AND CONSISTENCY WITH THE NYISO'S MISSION AND OBJECTIVES. THE BRAD JONES ENGINEERING SCHOLARSHIP WAS ESTABLISHED TO HONOR BRAD'S LEGACY IN THE ELECTRIC GRID AND SUPPORTING INDIVIDUALS. THE SCHOLARSHIP AWARDS TEXAS TECH JUNIOR LEVEL ENGINEERING STUDENTS THE OPPORTUNITY TO CONTINUE THIER EDUCATION BY SUPPORTING THIER SENIOR EDUCATION EXPENSES. BY SUPPORTING THE EDUCATON OF FUTURE POWER INDUSTRY WORKFORCE, THIS SCHOLARSHIP PROGRAM IS ALIGNED WITH NYISO'S PURPOSE X X X X X X false false false false false false false true false RICHARD J DEWEY PRESIDENT & CHIEF EXECUTIVE OFFICER 821469 0 976555 0 99834 0 480370 0 25506 0 2403734 0 400000 0 DANIEL C HILL CHAIR, BOARD OF DIRECTORS 249250 0 0 0 0 0 0 0 0 0 249250 0 0 0 JOSEPH P OATES DIRECTOR 193875 0 0 0 0 0 0 0 0 0 193875 0 0 0 GIZMAN ABBAS DIRECTOR 189750 0 0 0 0 0 0 0 0 0 189750 0 0 0 DAVID HILL DIRECTOR 188250 0 0 0 0 0 0 0 0 0 188250 0 0 0 AVE M BIE DIRECTOR 187125 0 0 0 0 0 0 0 0 0 187125 0 0 0 TERESA MARRINAN DIRECTOR 184410 0 0 0 0 0 0 0 0 0 184410 0 0 0 ROGER B KELLEY DIRECTOR 180250 0 0 0 0 0 0 0 0 0 180250 0 0 0 MARK LYNCH DIRECTOR 179500 0 0 0 0 0 0 0 0 0 179500 0 0 0 EMILIE R N CHRAPOWITZKY EXECUTIVE VICE PRESIDENT & CHIEF OPERATING OFFICER 481869 0 395936 0 45959 0 245175 0 23856 0 1192795 0 184000 0 ROBERT FERNANDEZ EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER 439677 0 418234 0 54400 0 237380 0 33211 0 1182902 0 180000 0 RICARDO T GONZALES SENIOR VICE PRESIDENT OF OPERATIONS & CHIEF OPERATING OFFICER 427431 0 403425 0 50590 0 237293 0 345 0 1119084 0 172000 0 DOUGLAS CHAPMAN SENIOR VICE PRESIDENT, CHIEF INFORMATION OFFICER 380650 0 329557 0 37067 0 195476 0 16346 0 959096 0 154000 0 RANA MUKERJI SENIOR VICE PRESIDENT, MARKET STRUCTURES 349907 0 340510 0 40227 0 195769 0 22074 0 948487 0 146000 0 KEVIN LANAHAN VICE PRESIDENT, EXTERNAL AFFAIRS 375620 0 280160 0 10453 0 165583 0 23856 0 855672 0 124250 0 CHERYL L HUSSEY VICE PRESIDENT, CHIEF FINANCIAL OFFICER 334585 0 278314 0 33914 0 166439 0 18411 0 831663 0 120750 0 ZACHARY G SMITH VICE PRESIDENT, SYSTEM & RESOURCE PLANNING 349650 0 254215 0 32310 0 172542 0 16346 0 825063 0 117250 0 ROBERT A PIKE VICE PRESIDENT, MARKET OPERATIONS 320721 0 242563 0 34130 0 178894 0 26254 0 802562 0 117250 0 AARON D MARKHAM VICE PRESIDENT, OPERATIONS 293875 0 164616 0 24852 0 164454 0 18121 0 665918 0 182575 0 DENEEN BYRNE VICE PRESIDENT, HUMAN RESOURCES 287381 0 156391 0 25584 0 145495 0 10968 0 625819 0 82338 0 DIANE L EGAN CORP SECRETARY & SECRETARY TO BOARD 183999 0 87848 0 29055 0 19928 0 16997 0 337827 0 42000 0 RYAN SMITH DIRECTOR OF IT SOFTWARE TECHNOLOGY 251282 0 104095 0 600 0 100803 0 23856 0 480636 0 50805 0 JON D SAWYER DIRECTOR OF OPERATIONS 220935 0 34220 0 24261 0 92519 0 18061 0 389996 0 0 0 JULIANN MADERA DIRECTOR OF INTERNAL AUDIT 210285 0 39306 0 326 0 70213 0 30191 0 350321 0 43260 0 MICHAEL STAHL SENIOR MANAGER IT INFRASTRUCTURE & OPERATIONS 229960 0 26033 0 844 0 43119 0 26668 0 326624 0 0 0 KEVIN PYTEL SENIOR MANAGER OF PRODUCT & PROJECT MANAGEMENT 214173 0 26460 0 335 0 30418 0 24927 0 296313 0 0 0 ERIC ADAMS MANAGER, FACILITIES 174234 0 20062 0 1138 0 33140 0 16346 0 244920 0 0 0 KAREN G GACH DEPUTY GENERAL COUNSEL 283182 0 171130 0 27662 0 136574 0 23856 0 642404 0 88686 0 RAYMOND W STALTER DIRECTOR, REGULATORY AFFAIRS 259908 0 107463 0 2757 0 125038 0 1725 0 496891 0 51390 0 SHAUN P JOHNSON DIRECTOR, MARKET DESIGN 247620 0 102488 0 4605 0 91261 0 25441 0 471415 0 48938 0 MATTHEW A ANGLIN DIRECTOR OF ENTERPRISE SECURITY & CISO 222393 0 102846 0 24163 0 84311 0 16887 0 450600 0 50134 0 PATRICK KELLY CONTROLLER & ASSISTANT TREASUREER 205411 0 88833 0 18862 0 73311 0 8101 0 394518 0 0 0 TODD P ROMANSKY MANAGER, IT OPERATIONS & SERVICE MGMT 187124 0 22066 0 582 0 35721 0 25585 0 271078 0 0 0 Schedule J, Part I, Line 7 Non-fixed payments AMOUNTS LISTED ON FORM 990, PART VII, FOR NYISO OFFICERS AND EMPLOYEES, INCLUDE PAYMENTS MADE AND ACCRUED PURSUANT TO NYISO'S ANNUAL INCENTIVE PROGRAM AND LONG-TERM INCENTIVE PLAN FOR NYISO OFFICERS AND CERTAIN EMPLOYEES. Schedule J, Part I, Line 3 COMPENSATION OF CEO TO DETERMINE THE COMPENSATION OF NYISO'S PRESIDENT AND CHIEF EXECUTIVE OFFICER, NYISO, THROUGH COLLABORATION WITH OTHER INDEPENDENT SYSTEM OPERATORS AND REGIONAL TRANSMISSION ORGANIZATIONS, PERIODICALLY ENGAGES AN INDEPENDENT EXECUTIVE COMPENSATION FIRM TO PERFORM A BENCHMARK COMPENSATION ASSESSMENT TO AID NYISO'S BOARD OF DIRECTORS IN THEIR REVIEW OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER'S COMPENSATION. IN ADDITION, AS PART OF THIS COMPENSATION ASSESSMENT, THE FORM 990 OF OTHER RELEVANT ORGANIZATIONS (INCLUDING OTHER INDEPENDENT SYSTEM OPERATORS AND REGIONAL TRANSMISSION ORGANIZATIONS ) ARE REVIEWED. THE RESULTS OF THIS ASSESSMENT ARE PROVIDED TO THE COMMERCE AND COMPENSATION COMMITTEE OF NYISO'S BOARD OF DIRECTORS FOR REVIEW ANNUALLY. THE COMMERCE AND COMPENSATION COMMITTEE MAKES A RECOMMENDATION REGARDING THE PRESIDENT AND CHIEF EXECUTIVE OFFICER'S COMPENSATION TO THE BOARD OF DIRECTORS, AND THE BOARD OF DIRECTORS AUTHORIZES THE PRESIDENT AND CHIEF EXECUTIVE OFFICER'S COMPENSATION ANNUALLY. THE PRESIDENT AND CHIEF EXECUTIVE OFFICER HAS A WRITTEN EMPLOYMENT CONTRACT WITH CONDITIONS APPROVED BY THE BOARD OF DIRECTORS. NYISO COMPLIES WITH THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD, AS OUTLINED IN TREASURY REGULATIONS SECTION 53.4958-6: (1) EXECUTIVE COMPENSATION IS AUTHORIZED BY THE NYISO'S BOARD OF DIRECTORS, WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT (2) THE BOARD OF DIRECTORS AUTHORIZING EXECUTIVE COMPENSATION OBTAINS AND RELIES ON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING DETERMINATIONS, AND (3) THE BOARD OF DIRECTORS ADEQUATELY DOCUMENTS THE BASIS FOR DETERMINATIONS CONCURRENTLY WITH MAKING THE DETERMINATIONS. Schedule J, Part II, Column (B)(ii) BONUS AND INCENTIVE COMPENSATION COLUMN B(II) BONUS AND INCENTIVE COMPENSATION INCLUDES AMOUNTS PAID IN 2023 UNDER NYISO'S ANNUAL INCENTIVE PROGRAM AND LONG-TERM INCENTIVE PLAN. NYISO'S LONG TERM INCENTIVE PLAN PROVIDES CERTAIN MEMBERS OF SENIOR MANAGEMENT WITH DEFERRED COMPENSATION BENEFITS. BENEFITS ARE BASED UPON THE ACHIEVEMENT OF THREE-YEAR PERFORMANCE GOALS ESTABLISHED BY THE BOARD OF DIRECTORS. THESE AMOUNTS ARE SUBJECT TO FORFEITURE IF THE EMPLOYEE VOLUNTARILY ENDS THEIR EMPLOYMENT WITH NYISO OR IS TERMINATED FOR CAUSE. LONG TERM INCENTIVE PLAN PAYMENTS ARE PAID IN EQUAL INSTALLMENTS OVER THREE YEARS FOLLOWING COMPLETION OF THE THREE-YEAR CYCLE. A PARTICIPANT IS VESTED IN THAT PORTION OF THE AWARD THAT IS PAYABLE TO THE PARTICIPANT AS OF A DISTRIBUTION DATE. Schedule J, Part II, Column (C) COLUMN C DEFERRED COMPENSATION COLUMN C REFLECTS "DEFERRED COMPENSATION", WHICH INCLUDES AMOUNTS EARNED AND ACCRUED IN 2023 UNDER THE LONG-TERM INCENTIVE PLAN, 401K CONTRIBUTIONS, THE ANNUAL INCREASE OR DECREASE IN ACTUARIAL VALUE OF ACCRUED PENSION BENEFITS AND ACCRUED POST RETIREMENT BENEFITS. Form 990, Part V, Line 2a TOTAL NUMBER OF INDIVIDUALS EMPLOYED IN CALENDAR YEAR 2023 NYISO'S RESPONSES TO THESE QUESTIONS INDICATE 673 AS THE TOTAL NUMBER OF EMPLOYEES. AS PER THE FORM 990 INSTRUCTIONS, THIS TOTAL REPRESENTS THE NUMBER OF WAGE FORMS FOR EMPLOYEES (INCLUDING STUDENT INTERNS AND PART-TIME EMPLOYEES) ON NYISO'S PAYROLL AT ANY POINT DURING 2023. THE TOTAL NUMBER OF NYISO EMPLOYEES ON DECEMBER 31, 2023, WAS 599, THE MAJORITY OF WHOM ARE PROFESSIONAL POWER SYSTEM ENGINEERS, NERC CERTIFIED SYSTEM OPERATORS, ACCOUNTANTS, ECONOMISTS AND ATTORNEYS WITH BACHELORS AND/OR POSTGRADUATE DEGREES. ALL NYISO EMPLOYEES HAVE BEEN SUBJECTED TO EXTENSIVE SECURITY REVIEWS, IN COOPERATION WITH THE UNITED STATES DEPARTMENTS OF ENERGY AND HOMELAND SECURITY. Form 990, Part VI, Line 6 MEMBERS OR STOCKHOLDERS NYISO DOES NOT HAVE ANY MEMBERS OR STOCKHOLDERS WITH OWNERSHIP RIGHTS IN NYISO OR ITS ASSETS. IN ACCORDANCE WITH NYISO'S GOVERNING DOCUMENTS, ENTITIES THAT PARTICIPATE IN THE NYISO-ADMINISTERED MARKETS MAY TAKE PART IN A COMMITTEE PROCESS TO DEVELOP NYISO'S BUDGET AND MODIFICATIONS TO NYISO'S TARIFFS AND PROCEDURES, WHICH ARE THEN RECOMMENDED TO NYISO'S BOARD FOR ITS APPROVAL. NYISO'S BOARD MAINTAINS THE ULTIMATE RESPONSIBILITY FOR THE GOVERNANCE DECISIONS OF NYISO. Form 990, Part VI, Line 7a ELECT MEMBERS OF THE GOVERNING BODY NYISO'S BOARD OF DIRECTORS MAKES FINAL DETERMINATIONS TO FILL VACANCIES ON THE BOARD. NYISO STAKEHOLDERS PARTICIPATING IN THE MANAGEMENT COMMITTEE ( NYISO'S HIGHEST RANKING STAKEHOLDER COMMITTEE WITH REPRESENTATIVES FROM GENERATION OWNERS, TRANSMISSION OWNERS, END-USE CONSUMERS, PUBLIC POWER/ENVIRONMENTAL PARTIES, AND OTHER SUPPLIERS ) ASSIST IN THIS PROCESS BY CONDUCTING A SEARCH TO IDENTIFY AT LEAST THREE BOARD CANDIDATES FOR EACH VACANCY THAT MEET THE QUALIFICATIONS SPECIFIED IN NYISO'S GOVERNING DOCUMENTS. NYISO'S BOARD MAY SELECT A DIRECTOR FROM THIS LIST, OR IT MAY SEEK A CANDIDATE IDENTIFIED THROUGH ANOTHER SOURCE, SUCH AS AN EXECUTIVE SEARCH FIRM. Form 990, Part VI, Line 7b DECISIONS OF THE GOVERNING BODY AS A GENERAL RULE, THE DECISIONS OF NYISO'S BOARD ARE NOT SUBJECT TO THE APPROVAL OF NYISO STAKEHOLDERS. NOTE THAT IN ACCORDANCE WITH NYISO'S GOVERNING DOCUMENTS, NYISO STAKEHOLDERS THAT PARTICIPATE IN NYISO'S HIGHEST RANKING STAKEHOLDER COMMITTEE, THE MANAGEMENT COMMITTEE, HAVE TO ENDORSE CHANGES SOUGHT BY NYISO'S BOARD TO NYISO'S TARIFFS AND GOVERNING DOCUMENTS TO BE FILED PURSUANT TO SECTION 205 OF THE FEDERAL POWER ACT WITH NYISO'S CHIEF REGULATOR - THE FEDERAL ENERGY REGULATORY COMMISSION. HOWEVER, NYISO'S BOARD MAY PURSUE SUCH CHANGES WITHOUT THE MANAGEMENT COMMITTEE'S CONCURRENCE BY FILING PURSUANT TO SECTION 206 OF THE FEDERAL POWER ACT. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body The NYSIO has no committees with authority to act on behalf of the governing body. Form 990, Part VI, Line 11b Review of form 990 by governing body PRIOR TO FILING, NYISO'S FORM 990 IS REVIEWED BY THE CONTROLLER & ASSISTANT TREASURER AND/OR CHIEF FINANCIAL OFFICER AND PRESIDENT & CHIEF EXECUTIVE OFFICER, AS WELL AS LEGAL COUNSEL. FOLLOWING THE COMPLETION OF REVIEWS BY THESE PARTIES, NYISO'S FORM 990 IS PROVIDED TO THE COMMERCE AND COMPENSATION COMMITTEE OF NYISO'S BOARD OF DIRECTORS ALONG WITH THE REST OF THE BOARD OF DIRECTORS FOR THEIR REVIEW. A COMPLETE COPY OF THE FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, IS PROVIDED TO THE BOARD OF DIRECTORS BEFORE BEING FILED WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy NYISO PROVIDES TRAINING FOR NEW EMPLOYEES ON A VARIETY OF COMPLIANCE ISSUES, INCLUDING ITS CONFLICTS OF INTEREST POLICY, AND CONDUCTS ANNUAL REFRESHER TRAINING FOR ALL EMPLOYEES, MANAGEMENT AND BOARD MEMBERS. NYISO ALSO PUBLISHES A PROHIBITED INVESTMENT LIST AT LEAST ANNUALLY AND REQUIRES THAT EMPLOYEES, MANAGEMENT AND BOARD MEMBERS SIGN AN ANNUAL COMPLIANCE CERTIFICATE ACKNOWLEDGING THEIR OBLIGATIONS UNDER THE CODE OF CONDUCT AND CERTIFYING THAT THEY HAVE NO PROHIBITED INVESTMENTS OR BUSINESS OR FINANCIAL CONFLICTS OF INTEREST. FURTHER, NYISO PERIODICALLY CONDUCTS A CONFLICTS OF INTEREST SURVEY TO ENSURE EMPLOYEES ARE IN COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY AND REQUIRE THAT THEY DISCLOSE ANY POSSIBLE CONCERNS TO THE COMPLIANCE OFFICE. EMPLOYEES ALSO HAVE ACCESS TO A COMPLIANCE HOTLINE AND AN EXTERNAL WHISTLEBLOWER SERVICE, SHOULD THEY HAVE A COMPLIANCE QUESTION OR WISH TO REPORT A COMPLIANCE CONCERN. THE COMPLIANCE OFFICE FOLLOWS UP ON REPORTED COMPLIANCE CONCERNS AND ENSURES THAT IDENTIFIED ISSUES ARE HANDLED IN ACCORDANCE WITH NYISO'S POLICIES. Form 990, Part VI, Line 15a Process to establish compensation of top management official TO DETERMINE THE COMPENSATION OF NYISO'S PRESIDENT AND CHIEF EXECUTIVE OFFICER, NYISO, THROUGH COLLABORATION WITH OTHER INDEPENDENT SYSTEM OPERATORS AND REGIONAL TRANSMISSION ORGANIZATIONS, PERIODICALLY ENGAGES AN INDEPENDENT EXECUTIVE COMPENSATION FIRM TO PERFORM A BENCHMARK COMPENSATION ASSESSMENT TO AID NYISO'S BOARD OF DIRECTORS IN THEIR REVIEW OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER'S COMPENSATION. SUCH BENCHMARKING ASSESSMENT WAS LAST COMPLETED IN 2022. IN ADDITION, AS PART OF THIS COMPENSATION ASSESSMENT, THE FORM 990 OF OTHER RELEVANT ORGANIZATIONS (INCLUDING OTHER INDEPENDENT SYSTEM OPERATORS AND REGIONAL TRANSMISSION ORGANIZATIONS) ARE REVIEWED. THE RESULTS OF THIS ASSESSMENT ARE PROVIDED TO THE COMMERCE AND COMPENSATION COMMITTEE OF NYISO'S BOARD OF DIRECTORS FOR REVIEW ANNUALLY. THE COMMERCE AND COMPENSATION COMMITTEE MAKES A RECOMMENDATION REGARDING THE PRESIDENT AND CHIEF EXECUTIVE OFFICER'S COMPENSATION TO THE BOARD OF DIRECTORS, AND THE BOARD OF DIRECTORS AUTHORIZES THE PRESIDENT AND CHIEF EXECUTIVE OFFICER'S COMPENSATION ANNUALLY. THE PRESIDENT AND CHIEF EXECUTIVE OFFICER HAS A WRITTEN EMPLOYMENT CONTRACT WITH CONDITIONS APPROVED BY THE BOARD OF DIRECTORS. NYISO COMPLIES WITH THE THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD, AS OUTLINED IN TREASURY REGULATIONS SECTION 53.4958-6: (1) EXECUTIVE COMPENSATION IS AUTHORIZED BY THE NYISO'S BOARD OF DIRECTORS, WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT (2) THE BOARD OF DIRECTORS AUTHORIZING EXECUTIVE COMPENSATION OBTAINS AND RELIES ON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING DETERMINATIONS, AND (3) THE BOARD OF DIRECTORS ADEQUATELY DOCUMENTS THE BASIS FOR DETERMINATIONS CONCURRENTLY WITH MAKING THE DETERMINATIONS. Form 990, Part VI, Line 15b Process to establish compensation of other employees TO DETERMINE THE COMPENSATION OF NYISO'S OFFICERS, NYISO, THROUGH COLLABORATION WITH OTHER INDEPENDENT SYSTEM OPERATORS AND REGIONAL TRANSMISSION ORGANIZATIONS, PERIODICALLY ENGAGES AN INDEPENDENT EXECUTIVE COMPENSATION FIRM TO PERFORM A BENCHMARK COMPENSATION ASSESSMENT TO AID NYISO'S BOARD OF DIRECTORS IN THEIR REVIEW OF OFFICER'S COMPENSATION. SUCH BENCHMARKING ASSESSMENT WAS LAST COMPLETED IN 2022. IN ADDITION, THE FORM 990 OF OTHER RELEVANT ORGANIZATIONS (INCLUDING OTHER INDEPENDENT SYSTEM OPERATORS AND REGIONAL TRANSMISSION ORGANIZATIONS) ARE REVIEWED. THE PRESIDENT AND CHIEF EXECUTIVE OFFICER PROVIDES THE RESULTS OF THIS ASSESSMENT AND HIS RECOMMENDATIONS TO THE COMMERCE AND COMPENSATION COMMITTEE OF NYISO'S BOARD OF DIRECTORS FOR REVIEW ANNUALLY. THE COMMERCE AND COMPENSATION COMMITTEE WILL MAKE RECOMMENDATIONS REGARDING THE OFFICERS COMPENSATION TO THE BOARD OF DIRECTORS, AND THE BOARD OF DIRECTORS WILL AUTHORIZE THE OFFICERS COMPENSATION ANNUALLY. THIS REVIEW IS PERFORMED ANNUALLY AND INCLUDES CONTEMPORANEOUS DOCUMENTATION OF DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS. SIMILARLY, KEY EMPLOYEE POSITIONS ARE PERIODICALLY BENCHMARKED BY INDEPENDENT COMPENSATION FIRMS AND/OR AGAINST SIMILAR POSITIONS IN OTHER ORGANIZATIONS AND INDUSTRIES. Form 990, Part VI, Line 19 Required documents available to the public NYISO'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE PART OF ITS FEDERALLY APPROVED TARIFFS. THESE DOCUMENTS ARE ON FILE AT FERC AND ARE PUBLISHED ON NYISO'S WEBSITE. NYISO'S FINANCIAL STATEMENTS ARE INCLUDED IN AN ANNUAL REPORT, PUBLISHED ON NYISO'S WEBSITE. Form 990, Part VIII, Line 2f Other Program Service Revenue WIND FORECASTING SUBSCRIPTION - Total Revenue: 400019, Related or Exempt Function Revenue: 400019, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; RMR REVENUE - Total Revenue: 315043, Related or Exempt Function Revenue: 315043, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part IX, Line 11g Other Fees MARKET MONITORING - Total Expense: 4662154, Program Service Expense: 4662154, Management and General Expenses: , Fundraising Expenses: ; PLANNING STUDIES - Total Expense: 9672831, Program Service Expense: 9672831, Management and General Expenses: , Fundraising Expenses: ; OTHER CONSULTING SRV - Total Expense: 14548645, Program Service Expense: 14548645, Management and General Expenses: , Fundraising Expenses: ; NEW YORK INDEPENDENTSYSTEM OPERATOR HEALTH AND WELFARE BENEFIT TRUST 10 KREY BLVD RENSSELAER NY 12144 271623493 POSTRTRMT INS NY 501(c)(9) NA true false false false false false false false false false false false false false false false false true false false NEW YORK INDEPENDENT SYSTEM OPERATOR HEALTH AND WELFARE BENEFIT TRUST Q 559059 AMOUNTS PAID