2014-11-14T14:17:45-06:00 2013-12-31 PRICEWATERHOUSECOOPERS LLP 600 13TH STREET NW SUITE 1000 WASHINGTON DC 200053005 990 2013-01-01 943274043 CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATION % DENNIS ESTRADA CALI 9163514400 250 OUTCROPPING WAY Suite FOLSOM CA 95630 RYAN SEGHESIO CFO & TREASURER 9163514400 2014-11-14 true KATRINA D WALKER P00997158 9163514400 2013 2015-11-30 17:44:51Z STEPHEN BERBERICH 250 OUTCROPPING WAY FOLSOM CA 95630 263405722 false X WWW.CAISO.COM X 1997 CA CALIFORNIA ISO'S MISSION STATEMENT HAS BEEN INCLUDED ON SCHEDULE O. 5 5 622 0 0 0 0 209051769 210394962 3105845 3165762 1028951 118004 213186565 213678728 0 0 0 0 105570385 108893390 0 0 0 142938956 145677995 248509341 254571385 -35322776 -40892657 787476211 821337931 632366751 710427607 155109460 110910324 X CALIFORNIA ISO'S MISSION STATEMENT HAS BEEN INCLUDED ON SCHEDULE O. false false 231749690 0 210512966 THE ORGANIZATION ACTS AS THE SYSTEM OPERATOR OF AN INTEGRATED STATEWIDE ELECTRICITY TRANSMISSION GRID. 231749690 true false false true false false false false false false true false false false true false true false false false false false false false false false false false false true true false false false false false false false false false false false false false false false true false false false true 140 0 true 622 true false false false false false false false false false false false X 5 5 false false false false false true false true true false false true true true true true true true true false CA X DENNIS ESTRADA 9163512235 250 OUTCROPPING WAY FOLSOM CA 95630 ASHUTOSH BHAGWAT BOARD OF GOVERNORS 4.0 0.0 X 53750 0 0 ROBERT FOSTER CHAIRMAN, BOARD OF GOVERNORS 4.0 0.0 X 43000 0 0 ANGELINA GALITEVA BOARD OF GOVERNORS 4.0 0.0 X 44500 0 0 RICHARD MAULLIN BOARD OF GOVERNORS 4.0 0.0 X 43000 0 0 DAVID OLSEN BOARD OF GOVERNORS 4.0 0.0 X 53500 0 0 STEPHEN BERBERICH PRESIDENT & CEO 40.0 0.0 X 984969 0 116959 KEITH CASEY VP, MKT AND INFRASTRUCTURE DEV 40.0 0.0 X 589030 0 67597 KAREN EDSON VP, POLICY AND CLIENT SERVICES 40.0 0.0 X 575381 0 83198 PETAR RISTANOVIC VP, TECHNOLOGY 40.0 0.0 X 475191 0 69864 MARK ROTHLEDER VP, MKT QTY & RENEW INTEGRTN 40.0 0.0 X 377770 0 83551 NANCY SARACINO VP, GEN COUN & CHIEF ADMIN OFF 40.0 0.0 X 658031 0 81589 ERIC SCHMITT VP, OPERATIONS 40.0 0.0 X 489577 0 71812 RYAN SEGHESIO CFO & TREASURER 40.0 0.0 X 257749 0 40211 BRENDA THOMAS VP, HUMAN RESOURCES 40.0 0.0 X 821775 0 37736 KHALED ABDUL-RAHMAN EXC DIR, PWR SYS&SMRT GRD TECH 40.0 0.0 X 299759 0 44021 HUGO FRECH DIR, IT INFRA ENGR & NTWK OPS 40.0 0.0 X 216054 0 44826 NANCY TRAWEEK DIRECTOR, SYSTEM OPERATIONS 40.0 0.0 X 285581 0 62214 ROGER COLLANTON DEPUTY GENERAL COUNSEL - LEGAL 40.0 0.0 X 302102 0 50663 SIDNEY DAVIES ASST GEN COUNSEL-TARIFF & COMP 40.0 0.0 X 294481 0 46601 ANTHONY IVANCOVICH DPTY GEN COUNSEL - REGULATORY 40.0 0.0 X 305418 0 57408 LORENZO KRISTOV PRIN, MKT & INFRASTRUCTURE PCY 40.0 0.0 X 291478 0 51376 NEIL MILLAR EXEC DIR, INFRASTRUCTURE DEV 40.0 0.0 X 287772 0 52468 YAKOUT MANSOUR PRESIDENT & CEO 0.0 0.0 X 178125 0 0 MATTHEW TURNER DIRECTOR, IT OPERATIONS 40.0 0.0 X 238708 0 53487 DEBORAH LE VINE DIR, INFRASTCR CNTRCTS & MGMT 40.0 0.0 X 278330 0 47094 8445031 0 1162675 437 true true false SIEMENS INDUSTRY INC DEPT CH 14381 PALATINE IL 60055 ENGINEERING SERVICES 7232857 CORESTAFF SERVICES PO BOX 60876 CHARLOTTE NC 28260 TEMPORARY STAFFING 5604540 ALSTON BIRD LLP 1201 W PEACHTREE STREET ATLANTA GA 30309 ATTORNEYS 2658882 TECH-NET INC 101 PARKSHORE DRIVE SUITE 100 FOLSOM CA 95630 IT PROFESSIONALS 2452938 ANDREWS INTERNATIONAL INC PO BOX 51018 LOS ANGELES CA 90074 SECURITY PERSONNEL 1276422 45 0 GRID MANAGEMENT CHARGE 221000 195309108 195309108 LGIP REVENUES 221000 10487305 10487305 COI PATH OPERATOR FEES 221000 2000123 2000123 MSS REVENUES/FORECASTING FEES 221000 1502926 1502926 EIM REVENUES 221000 900000 900000 195500 195500 210394962 3229166 3229166 0 0 0 0 0 49663590 49671133 55861 -7543 -55861 -63404 -63404 0 0 0 OTHER MISCELLANEOUS INCOME 900099 118004 118004 118004 213678728 210512966 3165762 0 0 0 0 7072196 4764872 2307324 0 0 76170151 68845887 7324264 0 9047307 8177349 869958 0 10772938 9737049 1035889 0 5830798 5270128 560670 0 0 4278261 4140418 137843 0 945768 0 945768 0 73853 73853 0 0 26883217 23600206 3283011 0 0 3019905 2657510 362395 0 14085378 13435580 649798 0 0 3216190 2906932 309258 0 1628791 1372267 256524 0 0 594635 508642 85993 0 11217396 11217396 0 0 0 74614927 74614927 0 0 1785505 0 1785505 0 TRAINING EXPENSES 712911 243077 469834 0 PROFESSIONAL & MEMBER DUES 233813 138290 95523 0 PENALTIES & FINES 2156000 0 2156000 0 TAXES 35167 35167 0 0 196278 10140 186138 254571385 231749690 22821695 0 0 0 404050263 478362046 0 0 12316084 23943127 0 0 0 0 0 0 0 0 6237087 5911043 588800967 394948093 252405755 193852874 73114844 71152331 34472237 0 0 34534809 0 0 4879941 13581701 787476211 821337931 42417612 43666994 0 0 0 0 258130357 225789760 0 0 0 0 0 0 0 0 331818782 440970853 632366751 710427607 X 119473715 95536522 0 0 35635745 15373802 155109460 110910324 787476211 821337931 X -40892657 103076 -1775455 -1634100 X false true X true false X X X false false false STATE OF CALIFORNIA 680284175 0 false true true 0 1 0 0 73853 73853 254497532 254571385 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 46794 73736 72463 73853 266846 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 9098162 9098162 140355702 16511779 123843923 3436783 2638685 798098 42862329 35859538 7002791 393047992 339938092 53109900 193852874 0 REFUND OBLIGATIONS 2658206 EMPLOYEE BENEFIT PLAN OBLIGATIONS 22117301 DUE TO MARKET PARTICIPANTS 416195346 440970853 213837665 103076 103076 213734589 -55861 -55861 213678728 256261346 1689961 1689961 254571385 254571385 PART XI, LINE 4B GAIN/(LOSS) ON SALE OF ASSETS (55,861) PART XII, LINE 2D LOSS ON SALE OF ASSETS 55,861 DEBT ISSUANCE COSTS 1,634,100 --------- TOTAL 1,689,961 X true true X X X X true true false false false false false false false STEPHEN BERBERICH PRESIDENT & CEO 422125 0 452686 0 110158 0 86954 0 30005 0 1101928 0 47383 0 KEITH CASEY VP, MKT AND INFRASTRUCTURE DEV 272074 0 271165 0 45791 0 66283 0 1314 0 656627 0 27527 0 KAREN EDSON VP, POLICY AND CLIENT SERVICES 258860 0 275094 0 41427 0 57393 0 25805 0 658579 0 22916 0 PETAR RISTANOVIC VP, TECHNOLOGY 247725 0 210887 0 16579 0 42453 0 27411 0 545055 0 14353 0 MARK ROTHLEDER VP, MKT QTY & RENEW INTEGRTN 246548 0 89323 0 41899 0 52100 0 31451 0 461321 0 7030 0 NANCY SARACINO VP, GEN COUN & CHIEF ADMIN OFF 301328 0 306829 0 49874 0 63825 0 17764 0 739620 0 27948 0 ERIC SCHMITT VP, OPERATIONS 263580 0 208356 0 17641 0 47779 0 24033 0 561389 0 0 0 RYAN SEGHESIO CFO & TREASURER 200273 0 57290 0 186 0 13815 0 26396 0 297960 0 0 0 BRENDA THOMAS VP, HUMAN RESOURCES 92420 0 171375 0 557980 0 26707 0 11029 0 859511 0 18337 0 KHALED ABDUL-RAHMAN EXC DIR, PWR SYS&SMRT GRD TECH 220779 0 78669 0 311 0 24666 0 19355 0 343780 0 0 0 HUGO FRECH DIR, IT INFRA ENGR & NTWK OPS 170278 0 30066 0 15710 0 24560 0 20266 0 260880 0 0 0 NANCY TRAWEEK DIRECTOR, SYSTEM OPERATIONS 208550 0 76577 0 454 0 32126 0 30088 0 347795 0 0 0 ROGER COLLANTON DEPUTY GENERAL COUNSEL - LEGAL 236612 0 64960 0 530 0 26724 0 23939 0 352765 0 0 0 SIDNEY DAVIES ASST GEN COUNSEL-TARIFF & COMP 228331 0 64477 0 1673 0 30229 0 16372 0 341082 0 0 0 ANTHONY IVANCOVICH DPTY GEN COUNSEL - REGULATORY 233079 0 64472 0 7867 0 33500 0 23908 0 362826 0 0 0 LORENZO KRISTOV PRIN, MKT & INFRASTRUCTURE PCY 203933 0 76339 0 11206 0 29155 0 22221 0 342854 0 0 0 NEIL MILLAR EXEC DIR, INFRASTRUCTURE DEV 226025 0 60514 0 1233 0 25511 0 26957 0 340240 0 0 0 DEBORAH LE VINE DIR, INFRASTCR CNTRCTS & MGMT 224863 0 52544 0 923 0 34262 0 12832 0 325424 0 0 0 YAKOUT MANSOUR PRESIDENT & CEO 0 0 178125 0 0 0 0 0 0 0 178125 0 0 0 MATTHEW TURNER DIRECTOR, IT OPERATIONS 199162 0 38464 0 1082 0 26658 0 26829 0 292195 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL WAS PROVIDED TO THE CEO FOR BUSINESS TRAVEL ON A ONE-TIME BASIS. THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION. PART I, LINE 4A IN 2013, THE COMPANY MADE A SEVERANCE PAYMENT TO BRENDA THOMAS IN CONNECTION WITH HER SEPARATION FROM EMPLOYMENT. PART I, LINE 4B IN 2013, THE INDIVIDUALS LISTED BELOW PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. CALIFORNIA ISO CONTRIBUTED THE FOLLOWING AMOUNTS TO THE PLAN WHICH ARE INCLUDED IN THE DEFERRED COMPENSATION REPORTED ON SCHEDULE J, PART II: STEPHEN BERBERICH, PRESIDENT & CEO $57,748 KEITH CASEY, VP, MKT & INFRASTRUCTURE DEV. $28,551 KAREN EDSON, VP, POLICY AND CLIENT SERVICES $23,521 NANCY SARACINO, VP, GEN COUNSEL & CHIEF ADMIN OFFICER $30,991 BRENDA THOMAS, VP, HUMAN RESOURCES $18,337 ERIC SCHMITT, VP, OPERATIONS $905 MARK ROTHLEDER, VP, MARKET QUALITY & RENEWABLE INTEGRATION $7,030 A CA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13033W2W2 2009-07-22 201998064 FINANCE, DESIGN & CONSTR OF NEW HQ true false false B CA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13033WM67 2008-06-19 206158489 COMPUTER HARDWARE/SOFTWARE SYSTEMS false false false C CA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13034ADT4 2013-11-14 202378588 REFUNDING CIEDB SERIES 2009 BONDS false false false A 7010000 192990000 208828230 14775188 11141374 0 2130086 0 0 165709451 0 8241966 2010 false false true true B 173505000 0 211648609 19697000 1171502 140321639 1610587 0 0 41532761 1825000 0 2009 true false true true C 0 0 202378588 0 0 200902187 1634100 0 0 0 0 0 2013 false true true true A false false true false false 0.01730 0.00000 0.01730 true false 0.00000 false true B false false false false 0.00000 0.00000 0.00000 true true 0.00090 true true C false false false false 0.00000 0.00000 0.00000 true false 0.00000 false true A true false false 0 false 0 false true B true false false 0 true MORGAN STANLEY 6. true false true C true false false 0 false 0 false true A false B false C false PART II, LINE 3 THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE REPORTED IN PART II, LINE 3 AND THE ISSUE PRICE LISTED IN PART I, COLUMN (E) REPRESENTS INVESTMENT EARNINGS. PART III, LINE 3B THE CORPORATION ROUTINELY SEEKS ADVICE FROM BOTH IN-HOUSE AND OUTSIDE COUNSEL ON MATTERS RELATED TO PRESERVING THE TAX-EXEMPT STATUS OF BONDS ISSUED FOR THE BENEFIT OF THE CORPORATION. IN 2010, THE CORPORATION ENTERED INTO A 5-YEAR FOOD SERVICE AGREEMENT WITH A PRIVATE BUSINESS ENTITY TO OPERATE THE CAFETERIA, DINING ROOM AND KITCHEN EQUIPMENT AT THE CORPORATION'S HEADQUARTERS FACILITY, A PORTION OF THE COST OF WHICH WAS FINANCED BY TAX-EXEMPT BONDS. BECAUSE THAT INITIAL CONTRACT CALLED FOR A PRIVATE PARTY TO OPERATE ONLY A RELATIVELY SMALL PORTION OF THE HEADQUARTERS FACILITY (PROVIDING ONLY ANCILLARY SUPPORT TO THE CORE FUNCTION OF THE HEADQUARTERS FACILITY) AND WAS FOR A TERM OF ONLY 5 YEARS, THE CORPORATION SOUGHT ADVICE ON THE INITIAL CONTRACT ONLY FROM IN-HOUSE COUNSEL. DURING 2013, THE CORPORATION ENGAGED OUTSIDE COUNSEL TO REVIEW THE CONTRACT. PART I, LINE 1 - CALIFORNIA ISO'S MISSION STATEMENT: TO ENSURE EFFICIENT USE AND RELIABLE OPERATION OF THE ELECTRIC TRANSMISSION GRID OPERATED BY THE ISO, CONSISTENT WITH THE CALIFORNIA PUBLIC UTILITY CODE, CHAPTER 2.3, PART 1, DIVISION 1. THE ISO DOES NOT OWN TRANSMISSION FACILITIES, BUT IT CONTROLS THE OPERATION OF A NETWORK OF TRANSMISSION FACILITIES LOCATED THROUGHOUT MOST OF CALIFORNIA, AND ALSO CERTAIN TRANSMISSION FACILITIES LOCATED IN NEIGHBORING STATES, CANADA AND MEXICO, THE OWNERS OF WHICH HAVE TRANSFERRED OPERATIONAL CONTROL TO THE ISO. FOR THE BENEFIT OF OUR CUSTOMERS, WE: - OPERATE THE GRID RELIABLY AND EFFICIENTLY; - PROVIDE FAIR AND OPEN TRANSMISSION ACCESS; - PROMOTE ENVIRONMENTAL STEWARDSHIP; AND - FACILITATE EFFECTIVE MARKETS AND PROMOTE INFRASTRUCTURE DEVELOPMENT. ALL THROUGH THE PROVISION OF TIMELY AND ACCURATE INFORMATION. PART VI, LINE 7 THE BOARD OF CALIFORNIA ISO IS COMPOSED OF MEMBERS APPOINTED BY THE CALIFORNIA GOVERNOR AND CONFIRMED BY THE CALIFORNIA STATE SENATE. PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE VP, GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER, CFO, CONTROLLER, DIRECTOR OF COMMUNICATIONS, SENIOR COUNSEL - CORPORATE, AND MANAGER OF COMPENSATION AND BENEFITS. THE FORM 990 IS PROVIDED TO THE BOARD OF GOVERNORS PRIOR TO FILING. PART VI, LINE 12 ANNUALLY, EMPLOYEES ARE REQUIRED TO ATTEND THE ANNUAL ALL EMPLOYEE TRAINING, WHICH INCLUDE: CONFLICT OF INTEREST, SECURITY AWARENESS, EMPLOYEE RELATIONS, SAFETY AND HARASSMENT PREVENTION. EMPLOYEES ARE REQUIRED ANNUALLY TO SIGN A FORM TO DISCLOSE IF ANY POTENTIAL CONFLICT OF INTEREST EXISTS THAT MAY AFFECT THE EMPLOYEE'S ABILITY TO PERFORM HIS/HER JOB. PART VI, LINE 15A & 15B SINCE 1998, THE BOARD OF GOVERNORS OF THE ISO HAS WORKED CLOSELY WITH NATIONALLY RECOGNIZED HUMAN RESOURCES AND EXECUTIVE COMPENSATION ADVISORY FIRMS, TO DEVELOP AN APPROPRIATE COMPENSATION PROGRAM FOR THE EXECUTIVES OF THE ISO. COMPETITIVE COMPENSATION FOR ALL NON-OFFICER EMPLOYEES IS ALSO ESTABLISHED BY ANNUAL THIRD-PARTY COMPENSATION SURVEYS. THESE FIRMS HELPED THE BOARD OF GOVERNORS DETERMINE THE APPROPRIATE LEVELS OF EXECUTIVE COMPENSATION BY COMPILING EXTENSIVE MARKET DATA CONCERNING EXECUTIVE COMPENSATION FOR POSITIONS SIMILAR TO EXECUTIVE POSITIONS AT THE ISO. THESE FIRMS HISTORICALLY HAVE MET WITH THE BOARD OF GOVERNORS AT LEAST ANNUALLY TO PRESENT EXECUTIVE COMPENSATION MARKET DATA, MAKE RECOMMENDATIONS AND OTHERWISE DISCUSS EXECUTIVE COMPENSATION ISSUES. THE BOARD RELIED ON THE COMPARABILITY DATA TO DETERMINE THE APPROPRIATE COMPENSATION, APPROVED THE COMPENSATION, AND DOCUMENTED THE APPROVAL IN ITS MINUTES. PART VI, LINE 19 THE ORGANIZATION MAKES AVAILABLE ON ITS WEBSITE (ACCESSIBLE BY THE PUBLIC) THE FINANCIAL STATEMENTS, THE CODE OF CONDUCT POLICY, THE TARIFF (RULES OF THE ISO MARKET), THE ARTICLES OF INCORPORATION (AND ALL AMENDMENTS), THE CORPORATE BY-LAWS AND THE MINUTES OF THE BOARD OF GOVERNORS' MEETINGS (EXCEPT FOR THE EXECUTIVE SESSIONS). PART XI, LINE 9 DEBT ISSUANCE COST (1,634,100) FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANTS TOTAL FEES:8333419 FORM 990 PART IX LINE 11G DESCRIPTION:RECRUITMENT/TEMPORARY STAFFING TOTAL FEES:6905876 FORM 990 PART IX LINE 11G DESCRIPTION:LGIP/OTHER CONTRACTS TOTAL FEES:11643922 STATE OF CALIFORNIA 680284175 GOVERNMENT CA 6 N/A NA false false false false false false false false false false false false false false false false false false false