ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90 (EIN 74-2587416)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-10-22
- IRS object ID
- 202522959349301967
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-10-22T14:52:51-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY ADVISORY GROUP LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 790 N WATER ST SUITE 2000 | AddressLine1Txt |
| City | MILWAUKEE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 742587416 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELECTRIC RELIABILITY COUNCIL OF TEXAS | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ELEC | BusinessNameControlTxt |
| Phone | 5122257000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8000 METROPOLIS DR BUILDING E 10 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78744 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD SCHEEL | PersonNm |
| Person Title | SVP CFO & CRO | PersonTitleTxt |
| Phone | 5122257000 | PhoneNum |
| Signature | 2025-10-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TROY MARINE | PreparerPersonNm |
| PTIN | P00187863 | PTIN |
| Phone | 4147775500 | PhoneNum |
| Preparation | 2025-10-22 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERCOT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PABLO VEGAS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8000 METROPOLIS DR BUILDING E 100 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78744 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $543,240,707 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.ERCOT.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1990 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 1055 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $374,865,926 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $420,072,023 | CYProgramServiceRevenueAmt |
| PY Investment Income | $113,162,041 | PYInvestmentIncomeAmt |
| CY Investment Income | $123,168,684 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $488,027,967 | PYTotalRevenueAmt |
| CY Total Revenue | $543,240,707 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $169,622,944 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $195,644,928 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $233,168,114 | PYOtherExpensesAmt |
| CY Other Expenses | $248,725,772 | CYOtherExpensesAmt |
| PY Total Expenses | $402,791,058 | PYTotalExpensesAmt |
| CY Total Expenses | $444,370,700 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $85,236,909 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $98,870,007 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,635,694,003 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,427,062,983 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $6,385,298,428 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,083,141,002 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $250,395,575 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $343,921,981 | NetAssetsOrFundBalancesEOYAmt |
| Mission | WE SERVE THE PUBLIC BY ENSURING A RELIABLE GRID, EFFICIENT ELECTRICITY MARKETS, OPEN ACCESS, AND RETAIL CHOICE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $239,930,883 | ExpenseAmt |
| Revenue | $427,204,998 | RevenueAmt |
| Desc | ERCOT SUCCESSFULLY MANAGES THE FLOW OF ELECTRICITY TO MORE THAN 27 MILLION CUSTOMERS IN THE STATE OF TEXAS, WHICH INCLUDES THE MANAGEMENT OF FINANCIAL SETTLEMENT FOR THE COMPETITIVE WHOLESALE BULK-POWER MARKET AND THE ADMINISTRATION OF ELECTRIC PROVIDER ACCOUNT SWITCHING IN COMPETITIVE CHOICE AREAS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $100,192,115 | ExpenseAmt |
| Revenue | $100,192,115 | RevenueAmt |
| Desc | ERCOT ACTS AS THE SERVICER AND ADMINISTRATOR FOR THE SUBCHAPTER N BONDS. UNDER THE ERCOT NODAL PROTOCOLS RELATING TO THE SUBCHAPTER N UPLIFT BALANCE SECURITIZATION, ERCOT BILLS MARKET PARTICIPANTS DAILY IN AMOUNTS SUFFICIENT TO PROVIDE PAYMENTS OF DEBT SERVICE AND OTHER REQUIRED AMOUNTS AND REMITS THOSE FUNDS TO THE TRUSTEE. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $11,631,225 | ExpenseAmt |
| Revenue | $11,631,225 | RevenueAmt |
| Desc | ERCOT ACTS AS THE SERVICER AND ADMINISTRATOR FOR THE SUBCHAPTER M BONDS. UNDER THE ERCOT NODAL PROTOCOLS RELATING TO THE SUBCHAPTER M DEFAULT BALANCE SECURITIZATION, ERCOT BILLS MARKET PARTICIPANTS MONTHLY IN AMOUNTS SUFFICIENT TO PROVIDE PAYMENTS OF DEBT SERVICE AND OTHER REQUIRED AMOUNTS AND REMITS THOSE FUNDS TO THE TRUSTEE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $351,754,223 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 383 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1055 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD SCHEEL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5122257000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8000 METROPOLIS DR BUILDING E SUITE | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78744 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (37 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| PABLO VEGAS | |||||||||
| BOARD MEMBER; PRESIDENT AND CEO | 60.00 | Yes (X) | Yes (X) | $3,558,528 | $0 | $78,876 | |||
| BILL FLORES | |||||||||
| DIRECTOR | 20.00 | Yes (X) | $205,000 | $0 | $0 | ||||
| PEGGY HEEG | |||||||||
| BOARD MEMBER | 11.00 | Yes (X) | $188,750 | $0 | $0 | ||||
| JOHN SWAINSON | |||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $185,000 | $0 | $0 | ||||
| ROBERT FLEXON | |||||||||
| BOARD MEMBER | 10.00 | Yes (X) | $167,930 | $0 | $0 | ||||
| JULIE ENGLAND | |||||||||
| BOARD MEMBER | 6.00 | Yes (X) | $164,167 | $0 | $0 | ||||
| CARLOS AGUILAR | |||||||||
| BOARD MEMBER | 4.00 | Yes (X) | $160,000 | $0 | $0 | ||||
| LINDA CAPUANO | |||||||||
| BOARD MEMBER | 10.00 | Yes (X) | $160,000 | $0 | $0 | ||||
| BENJAMIN BARKLEY | |||||||||
| BOARD MEMBER | 0.25 | Yes (X) | $0 | $0 | $0 | ||||
| PAUL FOSTER | |||||||||
| BOARD MEMBER | 15.00 | Yes (X) | $0 | $0 | $0 | ||||
| COURTNEY HJALTMAN | |||||||||
| BOARD MEMBER | 25.00 | Yes (X) | $0 | $0 | $0 | ||||
| DWAYNE RICKERSON | |||||||||
| SVP & COO | 60.00 | Yes (X) | $698,641 | $0 | $77,058 | ||||
| CHAD SEELY | |||||||||
| SVP & GENERAL COUNSEL | 60.00 | Yes (X) | $683,449 | $0 | $80,161 | ||||
| JAYAPAL PARAKKUTH | |||||||||
| SVP & CHIEF INFORMATION OFFICER | 58.00 | Yes (X) | $517,117 | $0 | $80,062 | ||||
| JEYANT TAMBY | |||||||||
| SVP, CAO & CHIEF OF STAFF | 45.00 | Yes (X) | $490,485 | $0 | $74,213 | ||||
| DAN WOODFIN | |||||||||
| VP, SYSTEM OPERATIONS | 40.00 | Yes (X) | $480,023 | $0 | $63,492 | ||||
| SALLIE BETTY DAY | |||||||||
| VP, SECURITY & COMPLIANCE AND CCO | 40.00 | Yes (X) | $461,454 | $0 | $78,216 | ||||
| MARA SPAK | |||||||||
| VP, HUMAN RESOURCES | 55.00 | Yes (X) | $480,516 | $0 | $57,868 | ||||
| KRISTI HOBBS | |||||||||
| VP, SYSTEM PLANNING & WEATHERIZATION | 55.00 | Yes (X) | $455,167 | $0 | $73,924 | ||||
| SEAN TAYLOR | |||||||||
| SVP CFO & CRO | 40.00 | Yes (X) | $451,605 | $0 | $71,577 | ||||
| ROBERT BLACK | |||||||||
| VP, PUBLIC AFFAIRS | 40.00 | Yes (X) | $416,163 | $0 | $62,321 | ||||
| VENKATA TIRUPATI | |||||||||
| VP, DEV OPERATIONS & GRID TRANSFORMATION | 70.00 | Yes (X) | $370,904 | $0 | $77,766 | ||||
| ADAM MARTINEZ | |||||||||
| VP, ENTERPRISE RISK & STRATEGY | 40.00 | Yes (X) | $362,229 | $0 | $56,453 | ||||
| BRANDT RYDELL | |||||||||
| ASSISTANT GENERAL COUNSEL | 40.00 | Yes (X) | $298,183 | $0 | $78,260 | ||||
| RICHARD SCHEEL | |||||||||
| SVP CFO & CRO | 55.00 | Yes (X) | $311,788 | $0 | $62,881 | ||||
| KENAN OGELMAN | |||||||||
| VP, COMMERCIAL OPERATIONS | 40.00 | Yes (X) | $265,792 | $0 | $42,058 | ||||
| KEITH COLLINS | |||||||||
| VP, COMMERCIAL OPERATIONS | 60.00 | Yes (X) | $220,725 | $0 | $47,143 | ||||
| JONATHAN LEVINE | |||||||||
| ASST. GC AND ASST. CORP. SEC. | 40.00 | Yes (X) | $199,793 | $0 | $45,283 | ||||
| GILBERT HUGHES | |||||||||
| VP, PUBLIC AFFAIRS | 40.00 | Yes (X) | $162,787 | $0 | $27,969 | ||||
| AJAY MANNEPALLI | |||||||||
| DIRECTOR, SR IT ARCHITECTURE & STRATEGY | 40.00 | $294,886 | $0 | $73,596 | Yes (X) | ||||
| NATHAN BIGBEE | |||||||||
| DEPUTY GENERAL COUNSEL | 57.00 | $395,021 | $0 | $78,773 | Yes (X) | ||||
| BRANDON GLEASON | |||||||||
| DEPUTY GENERAL COUNSEL | 60.00 | $374,135 | $0 | $66,972 | Yes (X) | ||||
| BRYAN HANLEY | |||||||||
| SR DIRECTOR, IT INFRASTRUCTURE | 55.00 | $362,962 | $0 | $73,880 | Yes (X) | ||||
| MARK MINER | |||||||||
| SR DIRECTOR, CORPORATE COMMUNICATIONS | 50.00 | $349,090 | $0 | $76,502 | Yes (X) | ||||
| DAVID KEZELL | |||||||||
| DIRECTOR, WEATHERIZATION & INSPECTION | 40.00 | $340,515 | $0 | $82,576 | Yes (X) | ||||
| JOHN MESSER | |||||||||
| DIRECTOR, MARKET APPLICATION SERVICES | 50.00 | $309,906 | $0 | $62,613 | Yes (X) | ||||
| LESLIE SWANSON | |||||||||
| SR DIRECTOR, CONTROLLER & TREASURER | 40.00 | $285,568 | $0 | $50,828 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $14,828,279 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,801,321 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 759 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NEXTSOURCE INC | |||||
| 1040 AVE OF THE AMERICAS 24TH FL | NEW YORK | NY | 10018 | CONTINGENT WORKFORCE | $5,605,392 |
| HITACHI ENERGY USA INC | |||||
| 901 MAIN CAMPUS DR | RALEIGH | NC | 27606 | IT CONSULTING | $5,419,834 |
| POTOMAC ECONOMICS LTD | |||||
| 10560 ARROWHEAD DR STE 400 | FAIRFAX | VA | 22030 | INDEPENDENT MARKET MONITOR | $5,061,245 |
| SIRIUS COMPUTER SOLUTIONS INC | |||||
| PO BOX 202289 | DALLAS | TX | 75320 | IT CONSULTING | $2,191,065 |
| WINSTEAD PC | |||||
| 2728 N HARWOOD ST STE 500 | DALLAS | TX | 75201 | LEGAL SERVICES | $1,776,757 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 49 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SYSTEM ADMINISTRATION | 221000 | $291,755,945 | $291,755,945 |
| SECURITIZATION CHARGES | 221000 | $110,946,898 | $110,946,898 |
| CONNECTIVITY TO ERCOT' | 221000 | $6,757,248 | $6,757,248 |
| WEATHERIZATION INSPECT | 221000 | $5,237,039 | $5,237,039 |
| WAN | 221000 | $3,724,261 | $3,724,261 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,650,632 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,650,632 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $420,072,023 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $123,168,684 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $118,956,315 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $4,212,369 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $543,240,707 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $539,028,338 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,212,369 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,720,259 | TotalAmt |
| Program Services | $3,838,354 | ProgramServicesAmt |
| Management And General | $9,881,905 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,074,696 | TotalAmt |
| Program Services | $101,939,461 | ProgramServicesAmt |
| Management And General | $34,135,235 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,928,831 | TotalAmt |
| Program Services | $16,351,646 | ProgramServicesAmt |
| Management And General | $4,577,185 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,128,049 | TotalAmt |
| Program Services | $10,006,674 | ProgramServicesAmt |
| Management And General | $3,121,375 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,793,093 | TotalAmt |
| Program Services | $8,409,511 | ProgramServicesAmt |
| Management And General | $3,383,582 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,664,528 | TotalAmt |
| Program Services | $49,379 | ProgramServicesAmt |
| Management And General | $2,615,149 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $318,024 | TotalAmt |
| Program Services | $77,000 | ProgramServicesAmt |
| Management And General | $241,024 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,073,629 | TotalAmt |
| Management And General | $1,073,629 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,839,895 | TotalAmt |
| Program Services | $17,436,818 | ProgramServicesAmt |
| Management And General | $4,403,077 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,244,017 | TotalAmt |
| Program Services | $931,080 | ProgramServicesAmt |
| Management And General | $312,937 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,973,055 | TotalAmt |
| Program Services | $3,786,020 | ProgramServicesAmt |
| Management And General | $187,035 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,733,213 | TotalAmt |
| Program Services | $194,579 | ProgramServicesAmt |
| Management And General | $4,538,634 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,348,043 | TotalAmt |
| Program Services | $903,018 | ProgramServicesAmt |
| Management And General | $445,025 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,867,324 | TotalAmt |
| Program Services | $698,404 | ProgramServicesAmt |
| Management And General | $1,168,920 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $113,259,452 | TotalAmt |
| Program Services | $111,986,013 | ProgramServicesAmt |
| Management And General | $1,273,439 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,592,730 | TotalAmt |
| Program Services | $31,671,401 | ProgramServicesAmt |
| Management And General | $11,921,329 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,152,787 | TotalAmt |
| Management And General | $5,152,787 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| HARDWARE & SOFTWARE EXP | $43,981,467 | $40,947,796 | $3,033,671 |
| DUES & SUBSCRIPTIONS | $2,679,620 | $2,252,619 | $427,001 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $997,988 | TotalAmt |
| Program Services | $274,450 | ProgramServicesAmt |
| Management And General | $723,538 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $444,370,700 | TotalAmt |
| Program Services | $351,754,223 | ProgramServicesAmt |
| Management And General | $92,616,477 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,081,151 | BOYAmt |
| EOY | $4,286,880 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,294,190,716 | BOYAmt |
| EOY | $4,223,023,246 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,031,126 | BOYAmt |
| EOY | $28,616,556 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,701,109 | BOYAmt |
| EOY | $43,046,168 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,140,132,530 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $945,225,307 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $184,241,246 | BOYAmt |
| EOY | $194,907,223 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $585,099,840 | BOYAmt |
| EOY | $542,902,810 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,443,348,815 | BOYAmt |
| EOY | $2,390,280,100 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,635,694,003 | BOYAmt |
| EOY | $7,427,062,983 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,098,110 | BOYAmt |
| EOY | $107,152,157 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,002,488 | BOYAmt |
| EOY | $12,049,110 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,776,151,267 | BOYAmt |
| EOY | $4,520,600,905 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,499,167,946 | BOYAmt |
| EOY | $2,442,514,071 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $878,617 | BOYAmt |
| EOY | $824,759 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,385,298,428 | BOYAmt |
| EOY | $7,083,141,002 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $250,395,575 | BOYAmt |
| EOY | $343,921,981 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $250,395,575 | BOYAmt |
| EOY | $343,921,981 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,635,694,003 | BOYAmt |
| EOY | $7,427,062,983 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $98,870,007 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$5,343,601 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,242,310 | OtherCostOrOtherBasisAmt |
| Book Value | $2,242,310 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $114,070,501 | OtherCostOrOtherBasisAmt |
| Depreciation | $57,554,309 | DepreciationAmt |
| Book Value | $56,516,192 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $178,369,286 | OtherCostOrOtherBasisAmt |
| Depreciation | $138,004,711 | DepreciationAmt |
| Book Value | $40,364,575 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $845,450,433 | OtherCostOrOtherBasisAmt |
| Depreciation | $749,666,287 | DepreciationAmt |
| Book Value | $95,784,146 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $194,907,223 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| SECURITIZATION CHARGES RECEIVABLE, NON CURRENT | $2,336,736,328 |
| SECURITIZATION CHARGES RECEIVABLE | $52,570,695 |
| OPERATING LEASE ROU ASSET, NON-CURRENT | $839,784 |
| 401K FORFEITURES/RCP | $133,293 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,390,280,100 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| OPERATING LEASE LIABILITY, NON-CURRENT | $479,154 |
| OPERATING LEASE LIABILITY, CURRENT | $193,801 |
| ACCRUED POST RETIREMENT BENEFIT OBLIGATION | $151,804 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $824,759 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | ERCOT IS THE CENTRAL COUNTERPARTY FOR ALL TRANSACTIONS SETTLED BY ERCOT PURSUANT TO ERCOT PROTOCOLS AND IS DEEMED TO BE THE SOLE BUYER TO EACH SELLER, AND THE SOLE SELLER TO EACH BUYER, OF ALL ENERGY, ANCILLARY SERVICES, RELIABILITY UNIT COMMITMENTS (RUCS), EMERGENCY RESPONSE SERVICE (ERS), AND OTHER PRODUCTS OR SERVICES FOR WHICH ERCOT MAY PAY OR CHARGE A MARKET PARTICIPANT EXCEPT FOR THOSE PRODUCTS OR SERVICES THAT ARE SELF-ARRANGED BY MARKET PARTICIPANTS. ERCOT PERFORMS SETTLEMENTS FOR ALL TRANSACTIONS SUBJECT TO THE FINANCIAL SETTLEMENT PROCESS IN ACCORDANCE WITH ERCOT PROTOCOLS. THE SETTLEMENT PROCESS IS USED TO RESOLVE FINANCIAL OBLIGATIONS FOR MARKET SERVICES PROCURED THROUGH ERCOT FOR REGISTERED MARKET PARTICIPANTS. ADDITIONALLY, AS REQUIRED BY ERCOT PROTOCOLS, ERCOT EXECUTES AUCTIONS FOR CONGESTION REVENUE RIGHTS MONTHLY AND ANNUALLY AND DISTRIBUTES PROCEEDS FROM THESE AUCTIONS TO MARKET PARTICIPANTS AS REQUIRED BY ERCOT PROTOCOLS. MARKET PARTICIPANTS NOT MEETING CERTAIN CREDITWORTHINESS STANDARDS REFERENCED IN ERCOT PROTOCALS MUST MAINTAIN A MEANS OF SECURITY WITH THE COMPANY IN ORDER TO MITIGATE MARKET CREDIT RISK. MARKET PARTICIPANTS HAVE DISCRETION IN THE MEANS OF SECURITY, SUCH AS CORPORATE GUARANTIES, LETTERS OF CREDIT, SURETY BONDS, OR CASH SECURITY DEPOSITS PROVIDED THE MARKET PARTICIPANTS REMAIN IN COMPLIANCE WITH ERCOT PROTOCOLS. |
| PART X, LINE 2: | ERCOT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(4). THE COMPANY IS ALSO EXEMPT FROM STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES OR UNCERTAIN TAX POSITIONS HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (34 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PABLO VEGAS | ||||||||||||||
| BOARD MEMBER; PRESIDENT AND CEO | $1,012,761 | $0 | $2,543,233 | $0 | $2,534 | $0 | $46,000 | $0 | $32,876 | $0 | $3,637,404 | $0 | $0 | $0 |
| DWAYNE RICKERSON | ||||||||||||||
| SVP & COO | $452,607 | $0 | $144,906 | $0 | $101,128 | $0 | $49,328 | $0 | $27,730 | $0 | $775,699 | $0 | $0 | $0 |
| CHAD SEELY | ||||||||||||||
| SVP & GENERAL COUNSEL | $508,100 | $0 | $174,071 | $0 | $1,278 | $0 | $47,438 | $0 | $32,723 | $0 | $763,610 | $0 | $0 | $0 |
| JAYAPAL PARAKKUTH | ||||||||||||||
| SVP & CHIEF INFORMATION OFFICER | $407,569 | $0 | $108,516 | $0 | $1,032 | $0 | $46,000 | $0 | $34,062 | $0 | $597,179 | $0 | $0 | $0 |
| JEYANT TAMBY | ||||||||||||||
| SVP, CAO & CHIEF OF STAFF | $321,075 | $0 | $164,595 | $0 | $4,815 | $0 | $50,025 | $0 | $24,188 | $0 | $564,698 | $0 | $0 | $0 |
| DAN WOODFIN | ||||||||||||||
| VP, SYSTEM OPERATIONS | $376,194 | $0 | $102,896 | $0 | $933 | $0 | $46,000 | $0 | $17,492 | $0 | $543,515 | $0 | $0 | $0 |
| SALLIE BETTY DAY | ||||||||||||||
| VP, SECURITY & COMPLIANCE AND CCO | $357,170 | $0 | $103,382 | $0 | $902 | $0 | $50,025 | $0 | $28,191 | $0 | $539,670 | $0 | $0 | $0 |
| MARA SPAK | ||||||||||||||
| VP, HUMAN RESOURCES | $371,488 | $0 | $108,102 | $0 | $926 | $0 | $46,000 | $0 | $11,868 | $0 | $538,384 | $0 | $0 | $0 |
| KRISTI HOBBS | ||||||||||||||
| VP, SYSTEM PLANNING & WEATHERIZATION | $354,888 | $0 | $99,389 | $0 | $890 | $0 | $46,000 | $0 | $27,924 | $0 | $529,091 | $0 | $0 | $0 |
| SEAN TAYLOR | ||||||||||||||
| SVP CFO & CRO | $310,087 | $0 | $108,595 | $0 | $32,923 | $0 | $50,025 | $0 | $21,552 | $0 | $523,182 | $0 | $0 | $0 |
| ROBERT BLACK | ||||||||||||||
| VP, PUBLIC AFFAIRS | $207,204 | $0 | $180,861 | $0 | $28,098 | $0 | $46,000 | $0 | $16,321 | $0 | $478,484 | $0 | $0 | $0 |
| NATHAN BIGBEE | ||||||||||||||
| DEPUTY GENERAL COUNSEL | $344,296 | $0 | $49,853 | $0 | $872 | $0 | $46,000 | $0 | $32,773 | $0 | $473,794 | $0 | $0 | $0 |
| VENKATA TIRUPATI | ||||||||||||||
| VP, DEV OPERATIONS & GRID TRANSFORMA | $325,217 | $0 | $44,869 | $0 | $818 | $0 | $47,906 | $0 | $29,860 | $0 | $448,670 | $0 | $0 | $0 |
| BRANDON GLEASON | ||||||||||||||
| DEPUTY GENERAL COUNSEL | $326,757 | $0 | $46,560 | $0 | $818 | $0 | $46,000 | $0 | $20,972 | $0 | $441,107 | $0 | $0 | $0 |
| BRYAN HANLEY | ||||||||||||||
| SR DIRECTOR, IT INFRASTRUCTURE | $314,679 | $0 | $47,493 | $0 | $790 | $0 | $46,000 | $0 | $27,880 | $0 | $436,842 | $0 | $0 | $0 |
| MARK MINER | ||||||||||||||
| SR DIRECTOR, CORPORATE COMMUNICATION | $304,429 | $0 | $43,898 | $0 | $763 | $0 | $48,518 | $0 | $27,984 | $0 | $425,592 | $0 | $0 | $0 |
| DAVID KEZELL | ||||||||||||||
| DIRECTOR, WEATHERIZATION & INSPECTIO | $296,096 | $0 | $43,671 | $0 | $748 | $0 | $49,987 | $0 | $32,589 | $0 | $423,091 | $0 | $0 | $0 |
| ADAM MARTINEZ | ||||||||||||||
| VP, ENTERPRISE RISK & STRATEGY | $322,755 | $0 | $38,664 | $0 | $810 | $0 | $46,000 | $0 | $10,453 | $0 | $418,682 | $0 | $0 | $0 |
| BRANDT RYDELL | ||||||||||||||
| ASSISTANT GENERAL COUNSEL | $271,530 | $0 | $25,959 | $0 | $694 | $0 | $44,364 | $0 | $33,896 | $0 | $376,443 | $0 | $0 | $0 |
| RICHARD SCHEEL | ||||||||||||||
| SVP CFO & CRO | $242,032 | $0 | $34,878 | $0 | $34,878 | $0 | $31,804 | $0 | $31,077 | $0 | $374,669 | $0 | $0 | $0 |
| JOHN MESSER | ||||||||||||||
| DIRECTOR, MARKET APPLICATION SERVICE | $270,693 | $0 | $38,535 | $0 | $678 | $0 | $45,189 | $0 | $17,424 | $0 | $372,519 | $0 | $0 | $0 |
| AJAY MANNEPALLI | ||||||||||||||
| DIRECTOR, SR IT ARCHITECTURE & STRAT | $253,594 | $0 | $40,651 | $0 | $641 | $0 | $43,395 | $0 | $30,201 | $0 | $368,482 | $0 | $0 | $0 |
| LESLIE SWANSON | ||||||||||||||
| SR DIRECTOR, CONTROLLER & TREASURER | $246,713 | $0 | $38,235 | $0 | $620 | $0 | $41,415 | $0 | $9,413 | $0 | $336,396 | $0 | $0 | $0 |
| KENAN OGELMAN | ||||||||||||||
| VP, COMMERCIAL OPERATIONS | $127,361 | $0 | $109,082 | $0 | $29,349 | $0 | $38,479 | $0 | $3,579 | $0 | $307,850 | $0 | $0 | $0 |
| KEITH COLLINS | ||||||||||||||
| VP, COMMERCIAL OPERATIONS | $197,516 | $0 | $0 | $0 | $23,209 | $0 | $29,453 | $0 | $17,690 | $0 | $267,868 | $0 | $0 | $0 |
| JONATHAN LEVINE | ||||||||||||||
| ASST. GC AND ASST. CORP. SEC. | $152,297 | $0 | $25,349 | $0 | $22,147 | $0 | $29,198 | $0 | $16,085 | $0 | $245,076 | $0 | $0 | $0 |
| BILL FLORES | ||||||||||||||
| DIRECTOR | $205,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $205,000 | $0 | $0 | $0 |
| GILBERT HUGHES | ||||||||||||||
| VP, PUBLIC AFFAIRS | $137,097 | $0 | $25,349 | $0 | $341 | $0 | $21,752 | $0 | $6,217 | $0 | $190,756 | $0 | $0 | $0 |
| PEGGY HEEG | ||||||||||||||
| BOARD MEMBER | $188,750 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $188,750 | $0 | $0 | $0 |
| JOHN SWAINSON | ||||||||||||||
| BOARD MEMBER | $185,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $185,000 | $0 | $0 | $0 |
| ROBERT FLEXON | ||||||||||||||
| BOARD MEMBER | $167,930 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $167,930 | $0 | $0 | $0 |
| JULIE ENGLAND | ||||||||||||||
| BOARD MEMBER | $164,167 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $164,167 | $0 | $0 | $0 |
| CARLOS AGUILAR | ||||||||||||||
| BOARD MEMBER | $160,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $160,000 | $0 | $0 | $0 |
| LINDA CAPUANO | ||||||||||||||
| BOARD MEMBER | $160,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $160,000 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | SHORT TERM INCENTIVE PLAN (STIP) - ALL ERCOT EMPLOYEES ARE ELIGIBLE PARTICIPANTS IN THE STIP. TARGET AMOUNTS ARE DETERMINED BY JOB LEVEL AND WEIGHTINGS DIFFER BETWEEN EXECUTIVE STAFF AND NON-EXECUTIVE STAFF. WEIGHTINGS ARE BASED ON THE COMPLETION OF CORPORATE GOALS AND EMPLOYEE PERFORMANCE GOALS. ANNUAL INCENTIVE PAYMENTS ARE GRANTED IN Q1 OF THE FOLLOWING YEAR IN WHICH EARNED. LONG TERM INCENTIVE PLAN (LTIP) - ERCOT EXECUTIVES, DIRECTORS, AND PRINCIPALS ARE ELIGIBLE PARTICIPANTS IN THE LTIP. THE LTIP PERFORMANCE PERIOD IS A THREE YEAR DURATION AND PAYMENTS ARE PAID IN Q1 OF THE YEAR FOLLOWING THE PERFORMANCE PERIOD. TARGET AMOUNTS ARE DETERMINED BY JOB LEVEL AND WEIGHTS BASED ON THE COMPLETION OF CORPORATE GOALS FOR THE PERFORMANCE PERIOD. | ExplanationTxt |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENNEDY HOBBS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Org | CHILD OF KRISTI HOBBS, VP, SYSTEM PLANNING AND WEATHERIZATION | RelationshipWithOrgTxt |
| Cash Grant | $11,116 | CashGrantAmt |
| Type Of Assistance | INTERNSHIP | TypeOfAssistanceTxt |
| Assistance Purpose | INTERNSHIP | AssistancePurposeTxt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHERI MESSER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SPOUSE OF JOHN MESSER, DIRECTOR, MARKET APPLICATION SERVICES | RelationshipDescriptionTxt |
| Transaction | $27,737 | TransactionAmt |
| Transaction | ERCOT EMPLOYEE | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1: | ELECTRIC RELIABILITY COUNCIL OF TEXAS, INC. (ERCOT) LESSENS THE BURDENS OF GOVERNMENT, SERVES THE PUBLIC INTEREST BY, AND FULFILLS ITS STATUTORY OBLIGATION BY: (I) ENSURING OPEN ACCESS TO TRANSMISSION AND DISTRIBUTION SYSTEMS; (II) MAINTAINING SYSTEM RELIABILITY AND OPERATIONS; (III) ENABLING RETAIL CHOICE; (IV) OPERATING FAIR AND COMPETITIVE WHOLESALE MARKETS; (V) MAINTAINING THE RENEWABLE ENERGY CREDITS REGISTRY; AND (VI) PROVIDING LEADERSHIP AND INDEPENDENT EXPERTISE TO IMPROVE SYSTEM RELIABILITY AND MARKET EFFICIENCY. ERCOT MANAGES THE FLOW OF ELECTRIC POWER TO MORE THAN 27 MILLION TEXAS CUSTOMERS REPRESENTING ABOUT 90 PERCENT OF THE STATE'S ELECTRIC LOAD. AS THE INDEPENDENT SYSTEM OPERATOR FOR THE REGION, ERCOT SCHEDULES POWER ON AN ELECTRIC GRID THAT CONNECTS MORE THAN 54,100 MILES OF TRANSMISSION LINES AND 1,250 GENERATION UNITS. ERCOT ALSO PERFORMS FINANCIAL SETTLEMENT FOR THE COMPETITIVE WHOLESALE BULK-POWER MARKET AND ADMINISTERS RETAIL SWITCHING FOR NEARLY 8 MILLION PREMISES IN COMPETITIVE CHOICE AREAS. |
| FORM 990, PART VI, SECTION A, LINE 1A | ERCOT IS GOVERNED BY A BOARD OF DIRECTORS COMPOSED OF 12 DIRECTORS (NINE VOTING AND THREE NON-VOTING). EIGHT OF THE VOTING DIRECTORS ARE SELECTED BY A STATUTORILY CREATED ERCOT BOARD SELECTION COMMITTEE AND MAY NOT HAVE FIDUCIARY DUTY OR ASSETS IN THE ELECTRICITY MARKET FOR THE ERCOT REGION. THE REMAINING VOTING DIRECTOR IS AN EX OFFICIO DIRECTOR, THE PUBLIC COUNSEL. THE THREE NON-VOTING DIRECTORS ARE ALSO EX OFFICIO, THAT IS, THE CHAIR OF THE PUBLIC UTILITY COMMISSION OF TEXAS, A SECOND COMMISSIONER OF THE PUBLIC UTILITY COMMISSION OF TEXAS WHO ROTATES ANNUALLY, AND ERCOT'S CHIEF EXECUTIVE OFFICER. |
| FORM 990, PART VI, SECTION A, LINE 6 | AS OF DECEMBER 31, 2024, ERCOT'S MEMBERSHIP INCLUDED 356 VOTING AND NON-VOTING MEMBERS. ERCOT MEMBERS MAY BE CORPORATE MEMBERS, ASSOCIATE MEMBERS, OR ADJUNCT MEMBERS. CORPORATE AND ASSOCIATE MEMBERS QUALIFY IN ONE OF SEVEN SEGMENTS: COOPERATIVE; INDEPENDENT GENERATOR; INDEPENDENT POWER MARKETER; INDEPENDENT RETAIL ELECTRIC PROVIDER; INVESTOR-OWNED UTILITY; MUNICIPAL (I.E. A MUNICIPAL-OWNED UTILITY OR A RIVER AUTHORITY); OR CONSUMER (WHICH HAS SUBSEGMENTS INCLUDING COMMERCIAL, INDUSTRIAL AND RESIDENTIAL). AN ENTITY MAY BE APPROVED FOR ADJUNCT MEMBERSHIP BY THE BOARD OF DIRECTORS IF SUCH ENTITY DOES NOT MEET THE DEFINITIONS AND REQUIREMENTS TO JOIN AS A CORPORATE OR ASSOCIATE MEMBER. CORPORATE MEMBERS HAVE THE RIGHT TO SELECT TECHNICAL ADVISORY COMMITTEE (TAC) AND TAC SUBCOMMITTEE REPRESENTATIVES AND TO BE ELECTED OR APPOINTED TO TAC AND TAC SUBCOMMITTEES. ASSOCIATE AND ADJUNCT MEMBERS DO NOT HAVE THE RIGHT TO SELECT TAC AND TAC SUBCOMMITTEE REPRESENTATIVES. ASSOCIATE MEMBERS HAVE THE RIGHT TO BE ELECTED OR APPOINTED TO TAC OR ANY SUBCOMMITTEE OF TAC. ADJUNCT MEMBERS DO NOT HAVE THE RIGHT TO BE ELECTED OR APPOINTED TO TAC OR TAC SUBCOMMITTEES BUT HAVE THE RIGHT TO VOTE AT THE PROTOCOL REVISION SUBCOMMITTEE (PRS). |
| FORM 990, PART VI, SECTION A, LINE 7A | EIGHT OF THE TWELVE DIRECTORS ARE APPOINTED BY THE ERCOT BOARD SELECTION COMMITTEE. THE ERCOT BOARD SELECTION COMMITTEE IS COMPRISED OF ONE MEMBER APPOINTED BY THE TEXAS GOVERNOR, ONE MEMBER APPOINTED BY THE TEXAS LIEUTENANT GOVERNOR, AND ONE MEMBER APPOINTED BY THE TEXAS SPEAKER OF THE HOUSE OF REPRESENTATIVES. THESE DIRECTORS MUST HAVE EXECUTIVE LEVEL EXPERIENCE IN ANY OF THE FOLLOWING PROFESSIONS: FINANCE, BUSINESS, ENGINEERING (INCLUDING ELECTRICAL ENGINEERING), TRADING, RISK MANAGEMENT, LAW, OR ELECTRIC MARKET DESIGN. THE REMAINING VOTING DIRECTOR IS THE EX OFFICIO PUBLIC COUNSEL DIRECTOR. THE THREE NON-VOTING DIRECTORS ARE ALSO EX OFFICIO DIRECTORS, THAT IS, CHAIR OF THE PUBLIC UTILITY COMMISSION OF TEXAS, A SECOND COMMISSIONER OF THE PUBLIC UTILITY COMMISSION OF TEXAS WHO ROTATES ANNUALLY, AND ERCOT'S CHIEF EXECUTIVE OFFICER. ALL TWELVE DIRECTORS MUST BE RESIDENTS OF THE STATE OF TEXAS. |
| FORM 990, PART VI, SECTION A, LINE 7B | DECISIONS OF THE ERCOT BOARD ARE GENERALLY APPEALABLE TO THE PUBLIC UTILITY COMMISSION OF TEXAS, AN AGENCY OF THE STATE OF TEXAS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 2024 FORM 990 WAS PREPARED INITIALLY BY THE FINANCE DEPARTMENT OF ERCOT. IT WAS REVIEWED BY ERCOT OFFICERS AS WELL AS INTERNAL LEGAL COUNSEL AND SUBMITTED FOR REVIEW BY ERCOT'S INDEPENDENT AUDITORS. THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS IN ADVANCE OF AND FOR ITS CONSIDERATION AND INPUT AT ITS MEETING ON JUNE 24, 2025. THE FINAL VERSION OF THE 2024 FORM 990, INCORPORATING THE COMMENTS OF ALL THE FOREGOING, WAS THEN FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR ANNUALLY MUST EXECUTE AN ETHICS AGREEMENT FOR DIRECTORS, AND EACH EMPLOYEE ANNUALLY MUST ATTEND INTERNAL TRAINING SESSIONS AND EXECUTE AN EMPLOYEE ETHICS AGREEMENT. PURSUANT TO EACH ETHICS AGREEMENT, A SIGNATORY HAS AN AFFIRMATIVE DUTY TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST OF THE SIGNATORY AND ALSO MUST DISCLOSE ALL PERSONAL RELATIONSHIPS WITH ERCOT VENDORS, INCLUDING BUSINESS OR DIRECT OR INDIRECT OWNERSHIP INTERESTS. ANY CONFLICT OF INTEREST ISSUE INVOLVING A DIRECTOR IS REFERRED TO THE ERCOT GENERAL COUNSEL WHO, IN CONSULTATION WITH THE BOARD CHAIR AND OUTSIDE LEGAL COUNSEL IF AND WHEN NECESSARY, MAKES A LEGAL DETERMINATION AS TO WHETHER A CONFLICT EXISTS AND, IF SO, A RECOMMENDATION AS TO HOW IT MAY BE RESOLVED. ANY CONFLICT AND ITS RESOLUTION ARE REPORTED TO THE FULL BOARD OF DIRECTORS AND TO THE HUMAN RESOURCES AND GOVERNANCE (HR&G) COMMITTEE OF THE BOARD, AS NEEDED. ANY OBJECTION TO THE RECOMMENDATION IS RESOLVED BY THE HR&G COMMITTEE OR THE FULL BOARD. ANY ERCOT EMPLOYEE CONFLICTS ARE EVALUATED BY ERCOT LEGAL STAFF, WHICH THEN MAKES A RECOMMENDATION TO RESOLVE THE CONFLICT OF INTEREST. IF ERCOT LEGAL STAFF RECOMMENDS A RESOLUTION THAT IS OBJECTIONABLE TO THE MANAGER/DIRECTOR/OFFICER OF THE CONFLICTED EMPLOYEE, THE LEGAL DECISION IS REFERRED TO THE CHIEF EXECUTIVE OFFICER AND ULTIMATELY TO THE BOARD'S HR&G COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 15 | IN DETERMINING COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER, ERCOT FOLLOWS A PROCEDURE WHICH ENSURES I) COMPENSATION IS APPROVED IN ADVANCE BY THE HR&G COMMITTEE OF THE BOARD OF DIRECTORS AND THE BOARD ITSELF, (II) THE BOARD AND THE HR&G COMMITTEE OBTAIN AND RELY UPON APPROPRIATE MARKET DATA FOR COMPARABILITY, AND (III) THE BOARD AND THE HR&G COMMITTEE DOCUMENT THE COMPENSATION DETERMINATION. FURTHERMORE, THE PUBLIC UTILITY COMMISSION OF TEXAS SUBSTANTIVE RULES RELATED TO ERCOT GOVERNANCE REQUIRE THAT ALL COMPENSATION TO BE PAID TO THE CHIEF EXECUTIVE OFFICER IS SUBJECT TO REVIEW AND APPROVAL BY THE PUBLIC UTILITY COMMISSION OF TEXAS. THE HR&G COMMITTEE RECEIVES COMPENSATION INFORMATION FROM FORMS 990 AND OTHER SOURCES DURING ITS ASSESSMENT OF ERCOT'S CEO COMPENSATION. ADDITIONALLY, COMPENSATION SURVEYS/STUDIES ARE PERFORMED, AS NEEDED, TO PROVIDE INSIGHT INTO THE ELEMENTS OF COMPENSATION. THE HR&G COMMITTEE MAY ALSO REQUEST INFORMATION FROM INDEPENDENT COMPENSATION CONSULTANTS THE HR&G COMMITTEE SUBMITS COMPENSATION RECOMMENDATIONS TO THE BOARD FOR ITS APPROVAL BY ALL UNINTERESTED MEMBERS OF THE BOARD OF THE DIRECTORS (THAT IS, ALL BOARD MEMBERS EXCEPT THE CHIEF EXECUTIVE OFFICER, WHO IS REQUIRED TO ABSTAIN FROM SUCH VOTE). A REVIEW OF THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS PERFORMED ANNUALLY EXCEPT IN INSTANCES IN WHICH THE COMPENSATION IS PURSUANT TO PROVISIONS OF AN EMPLOYMENT AGREEMENT BETWEEN ERCOT AND THE CHIEF EXECUTIVE OFFICER FOR A TERM EXCEEDING A YEAR. SUCH AGREEMENTS MUST BE APPROVED BY THE BOARD OF DIRECTORS. IN DETERMINING COMPENSATION FOR OFFICERS, ERCOT FOLLOWS A PROCEDURE WHICH ENSURES THAT (I) COMPENSATION IS FULLY DISCLOSED IN ADVANCE TO THE HR&G COMMITTEE OF THE BOARD OF DIRECTORS, AND (II) THE HR&G COMMITTEE IS PROVIDED MARKET DATA FOR COMPARABILITY. THE CHIEF EXECUTIVE OFFICER INFORMS THE HR&G COMMITTEE OF PROPOSED OFFICER PAY AMOUNTS. FOR REVIEW OF ALL OFFICER AND KEY EMPLOYEE COMPENSATION, ERCOT USES PERFORMANCE AND MARKET DATA OBTAINED RELATING TO COMPARABLE COMPENSATION OF SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS AT COMPARABLE ORGANIZATIONS, INCLUDING COMPENSATION SURVEYS AND FORMS 990. |
| FORM 990, PART VI, SECTION C, LINE 19 | ERCOT'S GOVERNING DOCUMENTS, CODE OF CONDUCT, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE ERCOT WEBSITE (WWW.ERCOT.COM). |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|
| TEXAS ELECTRIC MARKET STABILIZATION FUNDING M LLC | ||||||||
| 8000 METROPOLIS DR BUILDING E SUITE | AUSTIN | TX | 78744 | SECURITIZATION BOND SERVICE | DE | $11,631,225 | $418,563,694 | ERCOT |
| TEXAS ELECTRIC MARKET STABILIZATION FUNDING N LLC | ||||||||
| 8000 METROPOLIS DR BUILDING E SUITE | AUSTIN | TX | 78744 | SECURITIZATION BOND SERVICE | DE | $100,192,115 | $2,082,099,485 | ERCOT |