ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90 (EIN 74-2587416)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-08-07
- IRS object ID
- 201322209349300412
- Schema version
- 2012v2.0
- 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) |
|---|---|---|
| Timestamp | 2013-08-07T10:58:50-07:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 742587416 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELECTRIC RELIABILITY COUNCIL OF TEXAS INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ELEC | NameControl |
| Phone | 5122257000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7620 Metro Center Drive | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 787441613 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Michael Petterson | Name |
| Title | VP of Finance & Treasury | Title |
| Phone | 5122257013 | Phone |
| Date Signed | 2013-07-02 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERCOT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | HB Doggett | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7620 Metro Center Drive | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 787441613 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 277685830 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.ercot.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1990 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | See Schedule O | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 691 | TotalNbrEmployees |
| Total Nbr Volunteers | 18 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 51244352 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 45233283 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 229368285 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 232021629 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -784294 | InvestmentIncomePriorYear |
| Investment Income Current Year | 358915 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 17464 | OtherRevenuePriorYear |
| Other Revenue Current Year | 72003 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 279845807 | TotalRevenuePriorYear |
| Total Revenue Current Year | 277685830 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 69754157 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 73032233 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 212065172 | OtherExpensePriorYear |
| Other Expenses Current Year | 222364238 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 281819329 | TotalExpensesPriorYear |
| Total Expenses Current Year | 295396471 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1973522 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -17710641 | RevenuesLessExpensesCY |
| Total Assets BOY | 1085348440 | TotalAssetsBOY |
| Total Assets EOY | 1115138679 | TotalAssetsEOY |
| Total Liabilities BOY | 1044877174 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1089122933 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 40471266 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 26015746 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | See Schedule O | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 250524443 | Expense |
| Grants | 0 | Grants |
| Revenue | 232452485 | Revenue |
| Description | ERCOT successfully manages the flow of electricity to approximately 23 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 competitve choice areas. | Description |
| Total Of Other Program Service Exp | 0 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 0 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 250524443 | TotalProgramServiceExpense |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 129 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 691 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Mike Petterson- VP Finance Treasury | NamePerson |
| Telephone Number | 5122257013 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7620 Metro Center Drive | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 787441613 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (40 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| Jorge Bermudez | |||||||||
| Director | 12 | X | 80250 | 0 | 0 | ||||
| Craven Crowell | |||||||||
| Director | 25 | X | 99800 | 0 | 0 | ||||
| Andrew Dalton | |||||||||
| Director | 6 | X | 0 | 0 | 0 | ||||
| Mark Dreyfus | |||||||||
| Director | 5 | X | 0 | 0 | 0 | ||||
| Karl Pfirrmann | |||||||||
| Director | 5 | X | 87000 | 0 | 0 | ||||
| Nick Fehrenbach | |||||||||
| Director | 8 | X | 0 | 0 | 0 | ||||
| Scott Prochazka | |||||||||
| Director | 4 | X | 0 | 0 | 0 | ||||
| Michehl Gent | |||||||||
| Director | 14 | X | 72927 | 0 | 0 | ||||
| Sheri Givens | |||||||||
| Director | 8 | X | 0 | 0 | 0 | ||||
| Eric Hendrick | |||||||||
| Director | 5 | X | 0 | 0 | 0 | ||||
| Clifton Karnei | |||||||||
| Director | 6 | X | 0 | 0 | 0 | ||||
| Donna Nelson | |||||||||
| Director | 5 | X | 0 | 0 | 0 | ||||
| Jean Ryall Porter | |||||||||
| Director | 5 | X | 0 | 0 | 0 | ||||
| Judy Walsh | |||||||||
| Director | 5 | X | 89417 | 0 | 0 | ||||
| Kevin Gresham | |||||||||
| Director | 5 | X | 0 | 0 | 0 | ||||
| Mark Carpenter | |||||||||
| Segment Alternate | 6 | X | 0 | 0 | 0 | ||||
| Jeff Brown | |||||||||
| Segment Alternate | 5 | X | 0 | 0 | 0 | ||||
| Shannon Bowling | |||||||||
| Segment Alternate | 6 | X | 0 | 0 | 0 | ||||
| Michael Packard | |||||||||
| Segment Alternate | 5 | X | 0 | 0 | 0 | ||||
| Carolyn Shellman | |||||||||
| Segment Alternate | 5 | X | 0 | 0 | 0 | ||||
| Barbara Clemenhagen | |||||||||
| Segment Alternate | 5 | X | 0 | 0 | 0 | ||||
| Ray Schwertner | |||||||||
| Segment Alternate-term ended on 7/31/2012 | 5 | X | 0 | 0 | 0 | ||||
| HB Doggett | |||||||||
| President and CEO; Director | 45 | X | 462347 | 0 | 54229 | X | |||
| Charles Manning | |||||||||
| VP, Human Resources & CCO | 45 | 270266 | 0 | 51539 | X | ||||
| Mark Ruane | |||||||||
| VP, Credit and Enterprise Risk Management | 45 | 229362 | 0 | 37058 | X | ||||
| William Magness | |||||||||
| VP, General Counsel & Corporate Secretary | 45 | 307325 | 0 | 56651 | X | ||||
| Harold Kent Saathoff | |||||||||
| VP, Grid Operations and System Planning | 45 | 244871 | 0 | 54602 | X | ||||
| Jerome Dreyer | |||||||||
| VP & CIO | 45 | 247307 | 0 | 53559 | X | ||||
| Vickie Leady | |||||||||
| Assistant Corporate Secretary & Assistant General Counsel | 45 | 150650 | 0 | 43105 | X | ||||
| Michael Petterson | |||||||||
| VP, Finance & Treasury | 45 | 217489 | 0 | 49164 | X | ||||
| Sallie Betty Day | |||||||||
| VP, Business Integration | 45 | 222495 | 0 | 53577 | X | ||||
| Cheryl Yager | |||||||||
| Director, Credit | 45 | 172896 | 0 | 17131 | X | ||||
| Steven Grendel | |||||||||
| Director, Facilities & Site Development | 45 | 191320 | 0 | 45820 | X | ||||
| William Lowe | |||||||||
| Director, Project Management | 45 | 160200 | 0 | 34230 | X | ||||
| David Forfia | |||||||||
| Director, IT Architecture | 45 | 201705 | 0 | 49209 | X | ||||
| Matthew Morais | |||||||||
| Assistant General Counsel | 45 | 191591 | 0 | 27412 | X | ||||
| William Wullenjohn Sr | |||||||||
| Director, Internal Audit | 45 | 173133 | 0 | 45819 | X | ||||
| Chad Seely | |||||||||
| Assistant General Counsel | 45 | 180722 | 0 | 35423 | X | ||||
| Dan Woodfin | |||||||||
| Director, Grid Operations | 45 | 174679 | 0 | 39087 | X | ||||
| Michael Cleary | |||||||||
| Former Senior VP & COO | 0 | 206808 | 0 | 0 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 4434560 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 747615 | TotalOtherCompensation |
| Number Individuals GT100 K | 163 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation | Address Line2AddressOfContractor/AddressUS/AddressLine2 |
|---|---|---|---|---|---|---|
| Allegis Group Services Inc | ||||||
| 7301 Parkway Drive | Hanover | MD | 21076 | Contingent workforce | 8558282 | |
| Potomac Economics Ltd | ||||||
| 9990 Fairfax Blvd | Fairfax | VA | 22030 | Independent mkt monitor | 3008333 | Suite 560 |
| ABB Inc | ||||||
| 1601 Industrial Blvd | Sugarland | TX | 774782579 | IT consulting | 2444310 | |
| Navigant Consulting (PI) LLC | ||||||
| 98 San Jacinto | Austin | TX | 78701 | Nodal audit services | 2164575 | Suite 900 |
| The Brattle Group Inc | ||||||
| 44 Brattle Street | Cambridge | MA | 02138 | Market consulting | 436668 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 30 | NumberOfContractorsGT100K |
| Info In Schedule O Part VIII | X | InfoInScheduleOPartVIII |
| Federated Campaigns | 0 | FederatedCampaigns |
| Membership Dues | 327150 | MembershipDues |
| Fundraising Events | 0 | FundraisingEvents |
| Related Organizations | 0 | RelatedOrganizations |
| Government Grants | 44906133 | GovernmentGrants |
| All Other Contributions | 0 | AllOtherContributions |
| Noncash Contributions | 0 | NoncashContributions |
| Total Contributions | 45233283 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Electric reliability revenue | Description |
| Business Code | 221000 | BusinessCode |
| Total Revenue Column | 232021629 | TotalRevenueColumn |
| Related Or Exempt Function Income | 232021629 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 232021629 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2505 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2443 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $62 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 356410 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 356410 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 356410 | TotalRevenueColumn |
| Related Or Exempt Function Income | 356410 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrbtns Rprtd Fundraising Events | 0 | CntrbtnsRprtdFundraisingEvents |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Non-operating income (other) | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 72003 | TotalRevenueColumn |
| Related Or Exempt Function Income | 72003 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 72003 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 277685830 | TotalRevenueColumn |
| Related Or Exempt Function Income | 232452485 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $62 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4064604 | Total |
| Program Services | 1789481 | ProgramServices |
| Management And General | 2275123 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50416032 | Total |
| Program Services | 43807898 | ProgramServices |
| Management And General | 6608134 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7446138 | Total |
| Program Services | 6765340 | ProgramServices |
| Management And General | 680798 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6075852 | Total |
| Program Services | 4903099 | ProgramServices |
| Management And General | 1172753 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5029607 | Total |
| Program Services | 4439203 | ProgramServices |
| Management And General | 590404 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 301205 | Total |
| Program Services | 270 | ProgramServices |
| Management And General | 300935 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1351336 | Total |
| Program Services | 20000 | ProgramServices |
| Management And General | 1331336 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Fundraising | 0 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10009903 | Total |
| Program Services | 8922355 | ProgramServices |
| Management And General | 1087548 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1046910 | Total |
| Program Services | 621192 | ProgramServices |
| Management And General | 425718 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3643121 | Total |
| Program Services | 3557055 | ProgramServices |
| Management And General | 86066 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7791496 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 7791496 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 855497 | Total |
| Program Services | 592799 | ProgramServices |
| Management And General | 262698 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 999426 | Total |
| Program Services | 729422 | ProgramServices |
| Management And General | 270004 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3340040 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 3340040 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33655778 | Total |
| Program Services | 29007915 | ProgramServices |
| Management And General | 4647863 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1813905 | Total |
| Program Services | 1806741 | ProgramServices |
| Management And General | 7164 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Amortization of regulatory asset | 122645476 | 122645476 | 0 | |
| Hardware and software expenses | 19846046 | 19621705 | 224341 | 0 |
| Reliability organization assessment | 13062261 | 0 | 13062261 | 0 |
| Professional fees | 1942838 | 1292733 | 650105 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59000 | Total |
| Program Services | 1759 | ProgramServices |
| Management And General | 57241 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 295396471 | Total |
| Program Services | 250524443 | ProgramServices |
| Management And General | 44872028 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48722290 | BOY |
| EOY | 2706497 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 611965097 | BOY |
| EOY | 788431145 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61520 | BOY |
| EOY | 289565 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19546895 | BOY |
| EOY | 9943217 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18264719 | BOY |
| EOY | 14969919 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 790549853 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 492311738 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 386460964 | BOY |
| EOY | 298238115 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 326955 | BOY |
| EOY | 560221 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1085348440 | BOY |
| EOY | 1115138679 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18781988 | BOY |
| EOY | 10423452 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3649008 | BOY |
| EOY | 3282154 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 296762366 | BOY |
| EOY | 330150888 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 192237333 | BOY |
| EOY | 106267000 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 533446479 | BOY |
| EOY | 638999439 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1044877174 | BOY |
| EOY | 1089122933 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40471266 | BOY |
| EOY | 26015746 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40471266 | BOY |
| EOY | 26015746 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1085348440 | BOY |
| EOY | 1115138679 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -17710641 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 0 | ReconciliationUnrealizedInvest |
| Reconcilation Donated Services | 0 | ReconcilationDonatedServices |
| Reconcilation Invest Expenses | 0 | ReconcilationInvestExpenses |
| Reconcilation Prior Adjustment | 0 | ReconcilationPriorAdjustment |
| Reconcilation Other Changes | 3255121 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 0 | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
| Explanation In Part XIII | X | ExplanationInPartXIII |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 947096 | OtherCostOrOtherBasis |
| Book Value | 947096 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 80231888 | OtherCostOrOtherBasis |
| Depreciation | 22377149 | Depreciation |
| Book Value | 57854739 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 8171457 | OtherCostOrOtherBasis |
| Depreciation | 8135050 | Depreciation |
| Book Value | 36407 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 106931832 | OtherCostOrOtherBasis |
| Depreciation | 79248685 | Depreciation |
| Book Value | 27683147 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 594267580 | OtherCostOrOtherBasis |
| Depreciation | 382550854 | Depreciation |
| Book Value | 211716726 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 298238115 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Security Deposits | $471,875,951 |
| Deferred Regulatory Liability - NODAL | $166,724,394 |
| Accrued Post Benefit Obligation | $349,440 |
| Deferred Rent Credits | $49,654 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 638999439 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 280921023 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 0 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | 3235193 | OtherRevenues |
| Revenue Not Rptd F990 | 3235193 | RevenueNotRptdF990 |
| Revenue Subtotal | 277685830 | RevenueSubtotal |
| Investment Expenses Not Included | 0 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 0 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 277685830 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 295376544 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | 0 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 295376544 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 0 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 19927 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 19927 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 295396471 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchD_P04_S00_L02b | Schedule D, Part IV, Line 2b | In the exercise of any functions related to deployment of energy or Ancillary Services, ERCOT acts only as an agent on behalf of the various Market Participants in fulfilling the duties 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, and there is a one business day lag between the date funds are received by ERCOT and paid to the market. Additionally, as required by ERCOT Protocols, ERCOT executes auctions for Congestion Revenue Rights monthly and annually and distributes the proceeds from these auctions to Market Participants as required by ERCOT Protocols. |
| SchD_P10_S00_L02 | Schedule D, 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. |
| SchD_P11_S00_L02d | Schedule D, Part XI, Line 2d | Other $3,235,193 represents a derivative valuation change of $3,235,193 under FASB ASC 815 Derivatives and Hedging Topic. |
| SchD_P12_S00_L04b | Schedule D, Part XII, Line 4b | $19,927 relates to deferred pension costs. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (18 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HB Doggett | ||||||||||||||
| President and CEO; Director | 462347 | 0 | 0 | 0 | 0 | 0 | 35423 | 0 | 18806 | 0 | 516576 | 0 | 0 | 0 |
| Charles Manning | ||||||||||||||
| VP, Human Resources & CCO | 270266 | 0 | 0 | 0 | 0 | 0 | 30422 | 0 | 21117 | 0 | 321805 | 0 | 0 | 0 |
| Mark Ruane | ||||||||||||||
| VP, Credit and Enterprise Risk Management | 229362 | 0 | 0 | 0 | 0 | 0 | 30776 | 0 | 6282 | 0 | 266420 | 0 | 0 | 0 |
| William Magness | ||||||||||||||
| VP, General Counsel & Corporate Secretary | 307325 | 0 | 0 | 0 | 0 | 0 | 33000 | 0 | 23651 | 0 | 363976 | 0 | 0 | 0 |
| Harold Kent Saathoff | ||||||||||||||
| VP, Grid Operations and System Planning | 244871 | 0 | 0 | 0 | 0 | 0 | 34328 | 0 | 20273 | 0 | 299472 | 0 | 0 | 0 |
| Jerome Dreyer | ||||||||||||||
| VP & CIO | 247307 | 0 | 0 | 0 | 0 | 0 | 35587 | 0 | 17972 | 0 | 300866 | 0 | 0 | 0 |
| Vickie Leady | ||||||||||||||
| Assistant Corporate Secretary & Assistant General Counsel | 150650 | 0 | 0 | 0 | 0 | 0 | 20794 | 0 | 22311 | 0 | 193755 | 0 | 0 | 0 |
| Michael Petterson | ||||||||||||||
| VP, Finance & Treasury | 217489 | 0 | 0 | 0 | 0 | 0 | 31217 | 0 | 17947 | 0 | 266653 | 0 | 0 | 0 |
| Sallie Betty Day | ||||||||||||||
| VP, Business Integration | 221815 | 0 | 680 | 0 | 0 | 0 | 32774 | 0 | 20803 | 0 | 276072 | 0 | 0 | 0 |
| Michael Cleary | ||||||||||||||
| Former Senior VP & COO | 44152 | 0 | 0 | 0 | 162656 | 0 | 0 | 0 | 0 | 0 | 206808 | 0 | 0 | 0 |
| Cheryl Yager | ||||||||||||||
| Director, Credit | 75482 | 0 | 0 | 0 | 97414 | 0 | 10979 | 0 | 6152 | 0 | 190027 | 0 | 0 | 0 |
| Steven Grendel | ||||||||||||||
| Director, Facilities & Site Development | 190912 | 0 | 408 | 0 | 0 | 0 | 27831 | 0 | 17990 | 0 | 237141 | 0 | 0 | 0 |
| David Forfia | ||||||||||||||
| Director, IT Architecture | 199938 | 0 | 1768 | 0 | 0 | 0 | 28249 | 0 | 20960 | 0 | 250915 | 0 | 0 | 0 |
| William Lowe | ||||||||||||||
| Director, Project Management | 158622 | 0 | 1578 | 0 | 0 | 0 | 23273 | 0 | 10957 | 0 | 194430 | 0 | 0 | 0 |
| Matthew Morais | ||||||||||||||
| Assistant General Counsel | 191591 | 0 | 0 | 0 | 0 | 0 | 21092 | 0 | 6321 | 0 | 219004 | 0 | 0 | 0 |
| William Wullenjohn Sr | ||||||||||||||
| Director, Internal Audit | 173133 | 0 | 0 | 0 | 0 | 0 | 25498 | 0 | 20321 | 0 | 218952 | 0 | 0 | 0 |
| Chad Seely | ||||||||||||||
| Assistant General Counsel | 180722 | 0 | 0 | 0 | 0 | 0 | 18620 | 0 | 16803 | 0 | 216145 | 0 | 0 | 0 |
| Dan Woodfin | ||||||||||||||
| Director, Grid Operations | 174407 | 0 | 272 | 0 | 0 | 0 | 25356 | 0 | 13730 | 0 | 213765 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchJ_P01_S00_L04 | Schedule J, Part I, Line 4 | Michael Cleary, former senior VP & COO, received a severance payment of $162,656. Cheryl Yager, Director of Credit, received a severance payment of $97,414. |
| SchJ_P01_S00_L07 | Schedule J, Part I, Line 7 | ERCOT maintains an employee recognition award program whereby employees can receive one or more awards during the course of the year up to $1,000 each for exemplary performance. On rare occasions, induvidual performance may justify awards which exceed $1,000, and these awards require approval of the Chief Executive Officer. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Brazos Electric Power Cooperative Inc | |||
| See Part V Below | 186673328 | See Part V Below | 0 |
| South Texas Electric Cooperative | |||
| See Part V Below | 50191141 | See Part V Below | 0 |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchL_P04_S00_L00 | Identifier |
| Return Reference | Schedule L, Part IV | ReturnReference |
| Explanation | 1(b) Clifton Karnei was a 2012 Board Member (Cooperative Segment) of ERCOT and also an officer of Brazos Electric Power Cooperative, Inc. 1(d) Payment of governmentally-approved tariff, ancillary service fees, and membership fees. 2(b) Michael Packard was a 2012 Board Member (Segement Alternate Cooperative Segment), of ERCOT and also the General Manager of South Texas Electric Cooperative Inc. 2(d) Payment of ancillary service fees and membership fees. Similar to the disclosures above, certain Board Members (particularly the directors representing Corporate Member Segments) have relationships with Market Participants which may have affiliates that also may have been parties to business transactions with ERCOT that are not reportable on Schedule L. Market Participants are those entities that engage in any activity that is in whole or in part the subject of the ERCOT Protocols which are used for the orderly functioning of the ERCOT market. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (14 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P01_S00_L01 | 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; operating fair and competitive wholesale markets; (iv) maintaining the renewable energy credits registry; and (v) providing leadership and independent expertise to improve system reliability and market efficiency. As an independent system operator of reliable, open and non-discriminatory electric markets in the State of Texas, ERCOT manages the reliable flow of electric power to 23 million Texans - representing 85 percent of the state's load. ERCOT schedules power on an electric grid that connects 40,500 miles of transmission lines and more than 550 generation units. ERCOT also manages financial settlement for the $34 billion competitive wholesale bulk-power market and administers customer switching for 6.7 million premises in competitive choice areas. |
| F990_P03_S00_L01 | Form 990, Part III, Line 1 | Effective as of January 1, 2012: We serve the public by ensuring a reliable grid, efficient electricity markets, open access and retail choice. |
| F990_P06_S0A_L01a | Form 990, Part VI, Section A, Line 1a | Pursuant to Section 39.151 of the Texas Public Utility Regulatory Act, the ERCOT Board of Directors is composed of sixteen members. Fifteen of the members have voting rights; the chair of the Public Utility Commission of Texas is an ex-officio non-voting member. Six of the voting directors represent segments of industry in the ERCOT electricity market; each such "market segment director" has an elected alternate (segment alternate) who can attend meetings in the absence of the market segment director and vote on the absent market segment director's behalf in the event that such market segment director cannot attend a board meeting. Three of the other voting directors represent subsegments of a seventh segment (i.e., the consumer segment), but they do not have any respective segment alternates. |
| F990_P06_S0A_L06 | Form 990, Part VI, Section A, Line 6 | As of December 31, 2012, ERCOT's membership included 306 voting and non-voting members. ERCOT members may be Corporate Members, Associate Members, or Adjunct Members. Corporate Members have the right to vote on all matters submitted to the general Membership [such as election of Directors, election of Technical Advisory Committee (TAC) Representatives, and amendments to the Articles of Incorporation and Bylaws]. Corporate 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). Associate and Adjunct Members do not have the right to vote on any matter submitted to the general Membership, and Adjunct Members do not have the right to be elected or appointed to the ERCOT Board, TAC, or any subcommittee of the Board or TAC. |
| F990_P06_S0A_L07a | Form 990, Part VI, Section A, Line 7a | Thirteen of the fifteen voting members of the ERCOT Board of Directors are elected, or appointed in limited circumstances, by the Corporate Members or a portion of such Corporate Members. With respect to each of the six market segment directors who do not represent the consumer subsegments, only the Corporate Members of the membership segment represented by the market segment director are allowed to elect the director and the segment alternate for that seat. There are three consumer directors, of which: (i) one is the Public Counsel, an ex officio voting member of the Board who is designated to represent residential consumers and small commercial consumers; (ii) one is elected or appointed by the large commercial consumer Corporate Members; and (iii) one is elected by the Corporate Members of the industrial consumer subsegment. The Membership votes by segment to elect the five unaffiliated voting directors. The remaining voting director is the Chief Executive Officer of ERCOT, who is an ex officio voting member of the Board. |
| F990_P06_S0A_L07b | Form 990, Part VI, Section A, Line 7b | As a matter of state law or its governing documents, certain material matters must be submitted to the voting members of ERCOT for their approval, including amendments to the Articles of Incorporation and the Bylaws. Decisions of the ERCOT Board are generally appealable to the Public Utility Commission of Texas, an agency of the State of Texas. |
| F990_P06_S0B_L11b | Form 990, Part VI, Section B, Line 11b | The 2012 Form 990 was prepared initially by the Finance Department of ERCOT. It was reviewed by ERCOT officers as well as internal legal counsel, and then 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 July 16, 2013. The final version of the 2012 Form 990, incorporating the comments of all of the foregoing, was then filed with the Internal Revenue Service. |
| F990_P06_S0B_L12c | Form 990, Part VI, Section B, Line 12c | Each director and segment alternate annually must execute an ethics agreement for directors and segment alternates, 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 his or her employer, in the case of directors or segment alternates), 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 or segment alternate 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 both the Human Resource & Governance (HR&G) Committee of the Board and the full Board of Directors. Any objection to the recommendation is resolved by the HR&G Committee or the full Board. Any ERCOT employee conflicts are evaluated by the ERCOT legal staff, and the legal staff makes a recommendation to resolve the conflict of interest. If the 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. |
| F990_P06_S0B_L15 | Form 990, Part VI, Section B, Line 15 | 15a In determining compensation for the Chief Executive Officer, ERCOT follows a procedure which ensures that (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 obtains and relies upon appropriate data for comparability, (iii) the Board and the HR&G Committee each adequately documents the basis for its respective determination, and (iv) the Public Utility Commission of Texas reviews and approves of any compensation to be paid to the Chief Executive Officer. In practice, the HR&G Committee of the Board of Directors reviews proposed changes to Chief Executive Officer compensation and submits 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). In its review, the HR&G Committee can request information from independent compensation consultants, and they receive information annually in regards to the compensation levels of similar organizations from Forms 990 and other sources. Additionally, compensation surveys/studies are performed, as needed, to provide insight into the elements of compensation. The compensation-related information and HR&G Committee recommendations are submitted to the Board of Directors for its consideration and approval. A review of the Chief Executive Officer's compensation is performed annually except in those limited instances in which the compensation has been determined pursuant to the provisions of an employment agreement for a term exceeding a year between ERCOT and the Chief Executive Officer, which has been approved by the Board of Directors, and all decisions regarding the Chief Executive Officer's compensation are documented and maintained. Furthermore, the Public Utility Commission of Texas Substantive Rules related to ERCOT governance require that the Public Utility Commission of Texas review and approve all compensation to be paid to the Chief Executive Officer. 15b In determining compensation for officers other than the Chief Executive Officer, ERCOT follows a procedure which ensures that (i) compensation is fully disclosed in advance to the HR&G Committee of the Board of Directors, (ii) the HR&G Committee obtains and relies upon appropriate data for comparability, and (iii) the HR&G Committee adequately documents the basis for its determination. The Chief Executive Officer reports proposed officer pay amounts to the HR&G Committee for review and comment before any merit increase is finalized. Key employee compensation is reviewed and determined by their appropriate officer. For review of officer and key employee compensation, ERCOT uses merit ratings and data obtained relating to comparable compensation of similarly qualified persons in comparable positions at comparable organizations, including compensation surveys and Forms 990. The HR&G Committee can request information from independent compensation consultants. Officer and key employee compensation is reviewed annually, and all decisions regarding officer and key employee compensation are documented and maintained. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | ERCOT's governing documents, conflict of interest policy, and audited financial statements are available to the public through the ERCOT website (www.ERCOT.com). |
| F990_P08_S00_L01e | Form 990, Part VIII, Line 1e | Included on Line 1e are payments from governmental units, the primary purpose of which are to enable ERCOT to provide a service to the direct benefit of the public rather than to serve the direct and immediate needs of the governmental units. Also included on Line 1e are grant payments received from the U.S. Department of Energy (DOE). In 2010 under the American Recovery and Reinvestment Act, ERCOT was awarded two grants totaling $3.5 million, to be paid over a three year period. In 2012, ERCOT recorded $871,946 of revenue from the DOE. Of this, $289,565 was a receivable for funds expended in 2012 but not yet reimbursed. These governmental payments were received in connection with the exercise of ERCOT's exempt function. As these payments are from governmental units, they are not reported on Part I of Schedule B, Schedule of Contributors. |
| F990_P08_S00_L07a | Form 990, Part VIII, Line 7a | The $356,410 is comprised of $97,867 for proceeds from disposed equipment and a gain of $258,543. |
| F990_P11_S00_L09 | Form 990, Part XI, Line 9 | Other changes in net assets of $3,255,121 represent a derivative valuation change of $3,235,193 under FASB ASC 815 Derivatives and Hedging Topic, deferred pension costs of $19,927 and $1 in rounding. |
| F990_P12_S00_L03b | Form 990, Part XII, Line 3b | In 2010, under the American Recovery and Reinvestment Act, ERCOT was awarded two grants totaling $3.5 million, to be paid over a three year period. In 2012, ERCOT expended more than $500,000 under the grants. Therefore, ERCOT was required to undergo an audit as set forth in the Single Audit Act and OMB Circular A-133. Per the OMB Circular A-133, the audit must be completed within nine months after the end of the audit period. For the 2012 expenditures, an audit was performed and the report was filed by July 31, 2013. |