2023-08-03T19:00:38+00:00 2022-12-31 135565207 KPMG LLP 515 BROADWAY 4TH FLOOR ALBANY NY 12207 990 2022-01-01 141815612 NEW YORK INDEPENDENT SYSTEM OPERATOR INC NEWY 5183566000 10 KREY BOULEVARD FINANCE RENSSELAER NY 12144 Cheryl Hussey Vice President and CFO 5183566000 2023-08-03 false Cheryl Hussey 999009999 STEPHANIE LONCZAK P01880207 5184274600 2022 2023-04-26 12:10:37Z RICHARD DEWEY 10 KREY BOULEVARD FINANCE RENSSELAER NY 12144 213525939 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 9 656 0 0 0 0 0 195595569 211944793 -89956 1581146 0 0 195505613 213525939 10000 0 0 0 96258603 102274953 0 0 0 99237010 111250986 195505613 213525939 0 0 628580444 877178997 628580444 877178997 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 160749527 0 211944793 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. 160749527 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 false false true false false false false false false true false false false false false false true true true true false true X 218 0 true 656 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 1710829 0 424356 AVE M BIE DIRECTOR 18.0 X 171000 0 0 DANIEL C HILL CHAIR, BOARD OF DIRECTORS 25.0 X 229500 0 0 DAVID HILL DIRECTOR 16.0 X 171750 0 0 GIZMAN ABBAS DIRECTOR 12.0 X 166368 0 0 JOSEPH P OATES DIRECTOR 18.0 X 172368 0 0 MARK LYNCH DIRECTOR 16.0 X 171882 0 0 MICHAEL B BEMIS DIRECTOR 16.0 X 172750 0 0 ROGER B KELLEY DIRECTOR 15.0 X 167500 0 0 TERESA MARRINAN DIRECTOR 14.0 X 172882 0 0 AARON D MARKHAM VICE PRESIDENT, OPERATIONS 52.0 X 381334 0 98768 CHERYL L HUSSEY VICE PRESIDENT, CHIEF FINANCIAL OFFICER 49.0 X 614908 0 161670 DENEEN BYRNE VICE PRESIDENT, HUMAN RESOURCES 52.0 X 374065 0 119191 DIANE L EGAN CORP SECRETARY & SECRETARY TO BOARD 52.0 X 283138 0 -24844 DOUGLAS CHAPMAN SENIOR VICE PRESIDENT, CHIEF INFORMATION OFFICER 48.0 X 696765 0 197961 EMILIE R N CHRAPOWITZKY EXECUTIVE VICE PRESIDENT 49.0 X 832511 0 220639 KEVIN LANAHAN VICE PRESIDENT, EXTERNAL AFFAIRS 49.0 X 623119 0 172040 RANA MUKERJI SENIOR VICE PRESIDENT, MARKET STRUCTURES 44.0 X 695058 0 198756 RICARDO T GONZALES SENIOR VICE PRESIDENT OF OPERATIONS & CHIEF OPERATING OFFICER 48.0 X 840194 0 142926 ROBERT A PIKE VICE PRESIDENT, MARKET OPERATIONS 49.0 X 554102 0 136741 ROBERT FERNANDEZ EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER 47.0 X 864433 0 238120 WESLEY J YEOMANS VICE PRESIDENT, OPERATIONS 50.0 X 690027 0 148664 ZACHARY G SMITH VICE PRESIDENT, SYSTEM & RESOURCE PLANNING 54.0 X 566217 0 146676 ERIC ADAMS MANAGER, FACILITIES 42.0 X 172041 0 11030 JULIANN MADERA DIRECTOR OF INTERNAL AUDIT 42.0 X 205483 0 88926 KEVIN PYTEL SENIOR MANAGER OF PRODUCT & PROJECT MANAGEMENT 45.0 X 219840 0 31898 MARTIN SILVERMAN DIRECTOR OF INTERNAL AUDIT 42.0 X 266314 0 -3304 MICHAEL STAHL SENIOR MANAGER IT INFRASTRUCTURE & OPERATIONS 46.0 X 236208 0 29664 RYAN SMITH DIRECTOR OF IT SOFTWARE TECHNOLOGY 43.0 X 337642 0 72107 KAREN G GACH DEPUTY GENERAL COUNSEL 49.0 X 460782 0 125111 MATTHEW A ANGLIN DIRECTOR OF ENTERPRISE SECURITY & CISO 51.0 X 334409 0 86129 MICHAEL DESOCIO DIRECTOR OF MARKET DESIGN 54.0 X 326140 0 72089 RAYMOND W STALTER DIRECTOR, REGULATORY AFFAIRS 48.0 X 349769 0 81382 SHAUN P JOHNSON DIRECTOR, MARKET MITIGATION & ANALYSIS 42.0 X 329002 0 79390 TODD P ROMANSKY MANAGER, IT OPERATIONS & SERVICE MGMT 47.0 X 195415 0 15857 14755745 0 3071943 411 true true false HITACHI ENERGY USA INC 901 MAIN CAMPUS DR RALEIGH NC 27606 CONSULTING SERVICES 8976088 POTOMAC ECONOMICS LTD 9900 FAIRFAX BOULEVARD SUITE 560 FAIRFAX VA 22030 CONSULTING SERVICES 5066558 HUNTON ANDREWS KURTH LLP 951 E BYRD ST RIVERFRONT PLAZA EAST TOWER RICHMOND VA 23219 LEGAL SERVICES 3705668 UNIVERSAL PROTECTION SERVICES LP PO BOX 31001-2374 PASADENA CA 91110 CONSULTING SERVICES 1922324 UTILICAST LLC PO Box 38 Kirkland WA 98083 CONSULTING SERVICES 1477590 51 0 0 0 0 0 0 0 0 TRANSMISSION TARIFF 221000 179693754 179693754 0 0 FERC FEES RECOVERY 221000 15120369 15120369 0 0 PLANNING STUDIES REVENUE 221000 15952804 15952804 0 0 GOVERNANCE COMMITTEE FEES 221000 451700 451700 0 0 WIND FORECASTING SUBSCRIPTION 221000 329722 329722 0 0 396444 396444 0 0 211944793 1581146 0 0 1581146 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 0 0 0 0 0 0 0 0 0 0 0 0 213525939 211944793 0 1581146 X 0 0 0 0 0 0 0 0 12222760 868900 11353860 0 266389 266389 0 0 68402860 45331990 23070870 0 8071381 4636491 3434890 0 7799139 4773183 3025956 0 5512424 3166534 2345890 0 0 0 0 0 5407561 5360493 47068 0 745020 0 745020 0 117180 117180 0 0 0 0 0 0 0 0 25136253 25136253 0 0 7780 7780 0 0 2956227 1649978 1306249 0 25359405 23301202 2058203 0 0 0 0 0 4958069 3111361 1846708 0 424676 120194 304482 0 0 0 0 0 551121 480341 70780 0 1562037 1562037 0 0 0 0 0 0 25580943 25580943 0 0 3166436 0 3166436 0 FERC FEES 15120369 15120369 0 0 NPCC FEES 157909 157909 0 0 0 0 0 0 213525939 160749527 52776412 0 2414434 1191721 485554792 735621019 0 0 5064098 8583243 0 0 0 0 0 0 0 0 8964771 9498879 442565163 347244336 99107009 95320827 3090453 2931463 0 0 0 0 24384887 24031845 628580444 877178997 150069752 255590815 0 0 62807033 68801830 0 0 271115818 411583834 0 0 32883148 28608961 45804477 53802398 65900216 58791159 628580444 877178997 X 0 0 0 0 0 0 0 0 0 0 0 0 628580444 877178997 0 0 0 0 0 0 X false true X true false X 0 0 0 0 0 0 181348132 180567971 198477267 195595569 211944793 967933732 0 0 0 181348132 180567971 198477267 195595569 211944793 967933732 0 0 0 0 0 0 72667785 77471380 72123630 79872146 70939582 373074523 72667785 77471380 72123630 79872146 70939582 373074523 594859209 1301929 1450669 218851 10065 1581146 4562660 0 1301929 1450669 218851 10065 1581146 4562660 0 0 0 0 0 0 0 182650061 182018640 198696118 195605634 213525939 972496392 0.6117 0.6029 0 0.0 X Schedule A, Part III, Line 12 Other Income The NYISO does not have Other Income 0 117180 117180 160632347 160749527 1000000 0 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 91022 98104 100102 117180 406408 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 false true X 2998911 2998911 29387424 17294487 12092937 77904854 43665298 34239556 70429441 62514792 7914649 261844533 223769759 38074774 95320827 0 REGULATORY LIABILITIES 35715492 ACCRUED POSTRETIREMENT LIABILITY 4501960 ACCRUED PENSION LIABILITY 1888710 DEFERRED COMPENSATION 8184896 FMV OF INTEREST RATE SWAPS 63943 VOLTAGE RESERVE NET OF ACCRUED INTEREST 1048232 REG LIABILITY RS1 OVER-COLLECTION 7387926 58791159 X 206847008 0 0 0 0 0 206847008 0 6678931 6678931 213525939 206847008 0 0 0 -6678931 -6678931 213525939 0 0 0 213525939 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 $35,512,840 AT 12/31/22, 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 $376,070,994 AT 12/31/22 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 - 6678931 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 - -6678931 EXPENSES RELATED TO 457B PROGRAM RESULTING FROM UNREALIZED LOSS ON INVESTMENT - -533941 CHANGE IN FAIR MARKET VALUE OF MARKETABLE SECURITIES - 533941 X X X X X X false false false false false false false true false RICHARD J DEWEY PRESIDENT & CHIEF EXECUTIVE OFFICER 773969 0 850053 0 86807 0 399474 0 24882 0 2135185 0 617575 0 DANIEL C HILL CHAIR, BOARD OF DIRECTORS 229500 0 0 0 0 0 0 0 0 0 229500 0 0 0 TERESA MARRINAN DIRECTOR 172882 0 0 0 0 0 0 0 0 0 172882 0 0 0 MICHAEL B BEMIS DIRECTOR 172750 0 0 0 0 0 0 0 0 0 172750 0 0 0 JOSEPH P OATES DIRECTOR 172368 0 0 0 0 0 0 0 0 0 172368 0 0 0 MARK LYNCH DIRECTOR 171882 0 0 0 0 0 0 0 0 0 171882 0 0 0 DAVID HILL DIRECTOR 171750 0 0 0 0 0 0 0 0 0 171750 0 0 0 AVE M BIE DIRECTOR 171000 0 0 0 0 0 0 0 0 0 171000 0 0 0 ROGER B KELLEY DIRECTOR 167500 0 0 0 0 0 0 0 0 0 167500 0 0 0 GIZMAN ABBAS DIRECTOR 166368 0 0 0 0 0 0 0 0 0 166368 0 0 0 ROBERT FERNANDEZ EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER 416980 0 395442 0 52011 0 205623 0 32497 0 1102553 0 321650 0 EMILIE R N CHRAPOWITZKY EXECUTIVE VICE PRESIDENT 435439 0 357044 0 40028 0 197227 0 23412 0 1053150 0 290100 0 RICARDO T GONZALES SENIOR VICE PRESIDENT OF OPERATIONS & CHIEF OPERATING OFFICER 409425 0 382881 0 47888 0 142549 0 377 0 983120 0 311160 0 DOUGLAS CHAPMAN SENIOR VICE PRESIDENT, CHIEF INFORMATION OFFICER 382367 0 303440 0 10958 0 179418 0 18543 0 894726 0 247625 0 RANA MUKERJI SENIOR VICE PRESIDENT, MARKET STRUCTURES 318612 0 320882 0 55564 0 175217 0 23539 0 893814 0 259700 0 WESLEY J YEOMANS VICE PRESIDENT, OPERATIONS 100908 0 558348 0 30771 0 143316 0 5348 0 838691 0 216405 0 KEVIN LANAHAN VICE PRESIDENT, EXTERNAL AFFAIRS 350939 0 262472 0 9708 0 148628 0 23412 0 795159 0 213920 0 CHERYL L HUSSEY VICE PRESIDENT, CHIEF FINANCIAL OFFICER 320677 0 262494 0 31737 0 144437 0 17233 0 776578 0 215285 0 ZACHARY G SMITH VICE PRESIDENT, SYSTEM & RESOURCE PLANNING 310952 0 227650 0 27615 0 129716 0 16960 0 712893 0 185850 0 ROBERT A PIKE VICE PRESIDENT, MARKET OPERATIONS 308476 0 216299 0 29327 0 111372 0 25369 0 690843 0 179175 0 AARON D MARKHAM VICE PRESIDENT, OPERATIONS 263243 0 96904 0 21187 0 80925 0 17843 0 480102 0 88015 0 DENEEN BYRNE VICE PRESIDENT, HUMAN RESOURCES 259590 0 92068 0 22407 0 108803 0 10388 0 493256 0 78812 0 DIANE L EGAN CORP SECRETARY & SECRETARY TO BOARD 176216 0 82655 0 24267 0 -41538 0 16694 0 258294 0 73248 0 RYAN SMITH DIRECTOR OF IT SOFTWARE TECHNOLOGY 237866 0 99184 0 592 0 48695 0 23412 0 409749 0 89962 0 MARTIN SILVERMAN DIRECTOR OF INTERNAL AUDIT 28266 0 205861 0 32187 0 -7315 0 4011 0 263010 0 82971 0 MICHAEL STAHL SENIOR MANAGER IT INFRASTRUCTURE & OPERATIONS 212374 0 23066 0 768 0 993 0 28671 0 265872 0 0 0 KEVIN PYTEL SENIOR MANAGER OF PRODUCT & PROJECT MANAGEMENT 199229 0 20235 0 376 0 7588 0 24310 0 251738 0 0 0 JULIANN MADERA DIRECTOR OF INTERNAL AUDIT 195179 0 10025 0 279 0 58749 0 30177 0 294409 0 0 0 ERIC ADAMS MANAGER, FACILITIES 155572 0 15454 0 1015 0 -5013 0 16043 0 183071 0 0 0 KAREN G GACH DEPUTY GENERAL COUNSEL 272557 0 162633 0 25592 0 101699 0 23412 0 585893 0 151000 0 RAYMOND W STALTER DIRECTOR, REGULATORY AFFAIRS 244292 0 103072 0 2405 0 79270 0 2112 0 431151 0 91919 0 MATTHEW A ANGLIN DIRECTOR OF ENTERPRISE SECURITY & CISO 215060 0 98000 0 21349 0 69545 0 16584 0 420538 0 135699 0 SHAUN P JOHNSON DIRECTOR, MARKET MITIGATION & ANALYSIS 222367 0 96123 0 10512 0 54382 0 25008 0 408392 0 87143 0 MICHAEL DESOCIO DIRECTOR OF MARKET DESIGN 239533 0 86015 0 592 0 48461 0 23628 0 398229 0 36061 0 TODD P ROMANSKY MANAGER, IT OPERATIONS & SERVICE MGMT 176323 0 18693 0 399 0 -9076 0 24933 0 211272 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 2022 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 2022 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. LAURA GRIBBIN SISTER OF A NYISO OFFICER 139521 Laura Gribbin is a lead product business analyst at NYISO, and the amount paid represents compensation for services performed as an employee. Laura Gribbin is not a director or officer of the company and does not meet the Internal Revenue Service definition of a "key employee." Ms. Gribbin is the sister of Wesley Yeomans, NYISO's Vice President of Operations, an officer who retired in 2022.. false LISA DESOCIO WIFE OF NYISO TOP 5 HIGHLY COMPENSATED 126868 Lisa Desocio is a senior quality assurance analyst at NYISO, and the amount paid represents compensation for services performed as an employee. Lisa Desocio is not a director or officer of the company and does not meet the Internal Revenue Service definition of a "key employee." Ms. Desocio is the spouse of Michael Desocio, NYISO's director of market design. false Form 990, Part V, Line 2a TOTAL NUMBER OF INDIVIDUALS EMPLOYED IN CALENDAR YEAR 2022 NYISO'S RESPONSES TO THESE QUESTIONS INDICATE 656 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 2022. THE TOTAL NUMBER OF NYISO EMPLOYEES ON DECEMBER 31, 2022, WAS 569, 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 Training - Total Revenue: 396444, Related or Exempt Function Revenue: 396444, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Form 990, Part IX, Line 11g Other Fees MARKET MONITORING - Total Expense: 3489124, Program Service Expense: 3489124, Management and General Expenses: 0, Fundraising Expenses: 0; PLANNING STUDIES - Total Expense: 7296223, Program Service Expense: 7296223, Management and General Expenses: 0, Fundraising Expenses: 0; OTHER CONSULTING SRV - Total Expense: 14350906, Program Service Expense: 14350906, Management and General Expenses: 0, Fundraising Expenses: 0; 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 372063 AMOUNTS PAID