ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90 (EIN 74-2587416)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-08-06
IRS object ID: 201212239349301006
Schema version: 2011v1.2
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
Form 990
Schedule D
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-08-06T10:38:07-07:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	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	2012-08-07	DateSigned

Field	Value	IRS element (for citing)
Tax Year	2011	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	280650452	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	12	NbrIndependentVotingMembers
Total Nbr Employees	693	TotalNbrEmployees
Total Nbr Volunteers	18	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	49312915	ContributionsGrantsPriorYear
Contributions Grants Current Year	51244352	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	219542751	ProgramServiceRevenuePriorYear
Program Service Revenue CY	229368285	ProgramServiceRevenueCY
Investment Income Prior Year	-15068	InvestmentIncomePriorYear
Investment Income Current Year	-784294	InvestmentIncomeCurrentYear
Other Revenue Prior Year	3635070	OtherRevenuePriorYear
Other Revenue Current Year	17464	OtherRevenueCurrentYear
Total Revenue Prior Year	272475668	TotalRevenuePriorYear
Total Revenue Current Year	279845807	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	54949257	SalariesEtcPriorYear
Salaries Etc Current Year	69754157	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	198466798	OtherExpensePriorYear
Other Expenses Current Year	212065172	OtherExpensesCurrentYear
Total Expenses Prior Year	253416055	TotalExpensesPriorYear
Total Expenses Current Year	281819329	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	19059613	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-1973522	RevenuesLessExpensesCY
Total Assets BOY	818439371	TotalAssetsBOY
Total Assets EOY	1085348440	TotalAssetsEOY
Total Liabilities BOY	782566088	TotalLiabilitiesBOY
Total Liabilities EOY	1044877174	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	35873283	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	40471266	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	237522530	Expense
Grants	0	Grants
Revenue	228600531	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 competitive 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	237522530	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
Transaction Related Entity	0	TransactionRelatedEntity
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	130	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	693	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	12	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 (42 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
Jorge Bermudez
Director	12	X	74133	0	0
Calvin Crowder
Director	6	X	0	0	0
Andrew Dalton
Director	6	X	0	0	0
Laura Doll
Director	20	X	86600	0	0
Mark Dreyfus
Director	5	X	0	0	0
Miguel Espinosa
Director	14	X	81575	0	0
Nick Fehrenbach
Director	10	X	0	0	0
Michehl Gent
Director	14	X	81067	0	0
Sheri Givens
Director	8	X	0	0	0
Bob Helton
Director	15	X	0	0	0
Eric Hendrick
Director	4	X	0	0	0
Clifton Karnei
Director	6	X	0	0	0
Donna Nelson
Director	10	X	0	0	0
Alton Patton
Director	10	X	32067	0	0
Jean Ryall
Director	15	X	0	0	0
Barry T Smitherman
Director	15	X	0	0	0
Marcie Zlotnik
Director	4	X	0	0	0
Shannon Bowling
Segment Alternate	8	X	0	0	0
Jeff Brown
Segment Alternate	16	X	0	0	0
Kevin Gresham
Segment Alternate	5	X	0	0	0
Michael Packard
Segment Alternate	8	X	0	0	0
Scott Prochazka
Segment Alternate	5	X	0	0	0
Ray Schwertner
Segment Alternate	8	X	0	0	0
HB Doggett
President and CEO; Director	45	X	471048	0	52762	X
Michael Cleary
Senior VP & COO	45		477337	0	56466	X
Charles Manning
VP, Human Resources & CCO	45		279772	0	54020	X
Mark Ruane
VP, Credit and Enterprise Risk Management	45		198021	0	31529	X
William Magness
VP, General Counsel & Corporate Secretary	45		296546	0	59082	X
Harold Saathoff
VP, Grid Operations and System Planning	45		253355	0	56602	X
Richard Morgan
VP & CIO	45		204715	0	29516	X
Jerome Dreyer
VP & CIO	45		218673	0	48446	X
Vickie Leady
Assistant Corporate Secretary	45		147931	0	41958	X
Michael Petterson
VP, Finance & Treasury	45		209875	0	46397	X
Sallie Betty Day
VP, Business Integration	45		217832	0	52753	X
Cheryl Yager
Director, Credit	45		191946	0	44542		X
Steven Grendel
Director, Facilities & Site Development	45		193860	0	44835		X
David Forfia
Director, IT Projects	45		211275	0	51715		X
Kenneth Ragsdale
Principal, Market Design & Analysis	45		230702	0	42660			X
Oladiran Obadina
Principal, System Development	45		227682	0	52569			X
Sainath Moorty
Principal, Enterprise Architecture	45		217286	0	52947			X
Adam Martinez
Manager, Business Integration	45		210123	0	37528			X
Matthew Mereness
Manager, Day Ahead/Congestion Revenue Rights	45		200003	0	49560			X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	5013424	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	905887	TotalOtherCompensation
Number Individuals GT100 K	237	NumberIndividualsGT100K
Formers Listed	0	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	8152780
ABB Inc
1601 Industrial Blvd	Sugarland	TX	774782579	IT consulting	3992930
Potomac Economics Ltd
9990 Fairfax Blvd	Fairfax	VA	22030	Independent mkt monitor	2675003	Suite 560
Hitachi Data Systems Corp
750 Central Expressway	Santa Clara	CA	950502627	IT consulting	1309696
Navigant Consulting (PI) LLC
98 San Jacinto	Austin	TX	78701	Nodal audit services	984701	Suite 900

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	23	NumberOfContractorsGT100K
Federated Campaigns	0	FederatedCampaigns
Membership Dues	2565227	MembershipDues
Fundraising Events	0	FundraisingEvents
Related Organizations	0	RelatedOrganizations
Government Grants	48679125	GovernmentGrants
All Other Contributions	0	AllOtherContributions
Noncash Contributions	0	NoncashContributions
Total Contributions	51244352	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	Electric reliability revenue	Description
Business Code	221000	BusinessCode
Total Revenue Column	229368285	TotalRevenueColumn
Related Or Exempt Function Income	229368285	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	229368285	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	7357	TotalRevenueColumn
Related Or Exempt Function Income	6433	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$924	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	12994	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	0	Securities
Other	804645	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	0	Securities
Other	-791651	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-791651	TotalRevenueColumn
Related Or Exempt Function Income	-791651	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	0	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	0	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	0	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Gaming	0	GrossIncomeGaming
Gaming Direct Expenses	0	GamingDirectExpenses

Net Income From Gaming NetIncomeFromGaming

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)
Gross Sales Of Inventory	0	GrossSalesOfInventory
Cost Of Goods Sold	0	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

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

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	Non-operating income (other)	Description
Business Code	900099	BusinessCode
Total Revenue Column	17464	TotalRevenueColumn
Related Or Exempt Function Income	17464	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	17464	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	279845807	TotalRevenueColumn
Related Or Exempt Function Income	228600531	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$924	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	4577189	Total
Program Services	2412965	ProgramServices
Management And General	2164224	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	45819743	Total
Program Services	38290234	ProgramServices
Management And General	7529509	ManagementAndGeneral
Fundraising	0	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	7718913	Total
Program Services	6689547	ProgramServices
Management And General	1029366	ManagementAndGeneral
Fundraising	0	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	6575050	Total
Program Services	5622607	ProgramServices
Management And General	952443	ManagementAndGeneral
Fundraising	0	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	5063262	Total
Program Services	4328594	ProgramServices
Management And General	734668	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	379867	Total
Program Services	0	ProgramServices
Management And General	379867	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	256159	Total
Program Services	0	ProgramServices
Management And General	256159	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	7027537	Total
Program Services	6509524	ProgramServices
Management And General	518013	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	815316	Total
Program Services	536850	ProgramServices
Management And General	278466	ManagementAndGeneral
Fundraising	0	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	3130686	Total
Program Services	3027077	ProgramServices
Management And General	103609	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	8072764	Total
Program Services	0	ProgramServices
Management And General	8072764	ManagementAndGeneral
Fundraising	0	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	683955	Total
Program Services	493946	ProgramServices
Management And General	190009	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	905297	Total
Program Services	763902	ProgramServices
Management And General	141395	ManagementAndGeneral
Fundraising	0	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	3831857	Total
Program Services	0	ProgramServices
Management And General	3831857	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	33086567	Total
Program Services	27908519	ProgramServices
Management And General	5178048	ManagementAndGeneral
Fundraising	0	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	1797070	Total
Program Services	1797070	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
Amortization of regulatory asset	125669492	125669492	0
Hardware and software expenses	12273770	11847030	426740
Reliability organization assessment	11974880	0	11974880
Professional fees	1593065	1229532	363533

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	566890	Total
Program Services	395641	ProgramServices
Management And General	171249	ManagementAndGeneral
Fundraising	0	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	281819329	Total
Program Services	237522530	ProgramServices
Management And General	44296799	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	867752	BOY
EOY	48722290	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	324286052	BOY
EOY	611965097	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	18352	BOY
EOY	61520	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	18441105	BOY
EOY	19546895	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	13981724	BOY
EOY	18264719	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	796088927	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	409627963	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	460377307	BOY
EOY	386460964	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	467079	BOY
EOY	326955	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	818439371	BOY
EOY	1085348440	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	23816791	BOY
EOY	18781988	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	3301820	BOY
EOY	3649008	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	65826500	BOY
EOY	296762366	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	336207665	BOY
EOY	192237333	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	353413312	BOY
EOY	533446479	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	782566088	BOY
EOY	1044877174	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	35873283	BOY
EOY	40471266	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	35873283	BOY
EOY	40471266	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	818439371	BOY
EOY	1085348440	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-1973522	ReconcilationRevenueExpenses
Reconcilation Other Changes	6571505	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
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
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

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	80323972	OtherCostOrOtherBasis
Depreciation	19378375	Depreciation
Book Value	60945597	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	12327374	OtherCostOrOtherBasis
Depreciation	12327374	Depreciation
Book Value	0	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	114263483	OtherCostOrOtherBasis
Depreciation	79508528	Depreciation
Book Value	34754955	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	588227002	OtherCostOrOtherBasis
Depreciation	298413686	Depreciation
Book Value	289813316	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	386460964	TotalOfBookValueLandBuildings
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescription	AmountAmount
Security deposits	$413,884,199
Deferred rent credits	$37,616
Derivative liability	$3,235,192
Deferred regulatory liability - Nodal	$115,967,108
Accrued post retirement benefit obligation	$322,364

Field	Value	IRS element (for citing)
Total Of Amounts	533446479	TotalOfAmounts
Total Revenue	279845807	TotalRevenue
Total Expenses	281819329	TotalExpenses
Excess Or Deficit For Year	-1973522	ExcessOrDeficitForYear
Net Unrealized GL On Investments	0	NetUnrealizedGLOnInvestments
Donated Services And Facilities	0	DonatedServicesAndFacilities
Investment Expenses	0	InvestmentExpenses
Prior Period Adjustments	0	PriorPeriodAdjustments
Other	$6,571,505	OtherAmount
Total Adjustments	6571505	TotalAdjustments
Excess Or Deficit Per FS	4597983	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	286441769	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	0	NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities	0	DonatedSrvcAndUseOfFacilities
Recoveries Of Prior Year Grants	0	RecoveriesOfPriorYearGrants
Other Revenues	6595962	OtherRevenues
Revenue Not Rptd F990	6595962	RevenueNotRptdF990
Revenue Subtotal	279845807	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	279845807	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	281819329	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	281819329	ExpensesSubtotal
Investment Expenses Not Included2	0	InvestmentExpensesNotIncluded2
Other Expenses Not Included	0	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	281819329	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
SchD_P04_S00_L02b	Schedule D, Part IV, Line 2b	Organization included amount on Form 990, Part X, Line 21 - 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_L08	Schedule D, Part XI, Line 8	Other $6,571,505 represents a derivative valuation change of $6,595,962 under FASB ASC 815 Derivatives and Hedging Topic and deferred pension costs of ($24,457).
SchD_P12_S00_L02d	Schedule D, Part XII, Line 2d	Other represents a derivative valuation change of $6,595,962 under FASB ASC 815 Derivatives and Hedging Topic.

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	0	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 (19 entries)

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
471048	0	0	0	0	0	35030	0	17732	0	523810	0	0	0
Michael Cleary
320539	0	150000	0	6798	0	36725	0	19741	0	533803	0	0	0
Charles Manning
260797	0	0	0	18975	0	34434	0	19586	0	333792	0	0	0
Mark Ruane
188545	0	0	0	9476	0	26851	0	4678	0	229550	0	0	0
William Magness
295526	0	1020	0	0	0	35877	0	23205	0	355628	0	0	0
Harold Saathoff
238355	0	15000	0	0	0	35650	0	20952	0	309957	0	0	0
Richard Morgan
204715	0	0	0	0	0	26288	0	3228	0	234231	0	0	0
Jerome Dreyer
208673	0	10000	0	0	0	31786	0	16660	0	267119	0	0	0
Vickie Leady
142643	0	5288	0	0	0	21553	0	20405	0	189889	0	0	0
Michael Petterson
206905	0	2970	0	0	0	29738	0	16659	0	256272	0	0	0
Sallie Betty Day
202832	0	15000	0	0	0	32246	0	20507	0	270585	0	0	0
Cheryl Yager
176946	0	15000	0	0	0	27924	0	16618	0	236488	0	0	0
Steven Grendel
188860	0	5000	0	0	0	28198	0	16637	0	238695	0	0	0
David Forfia
194048	0	17227	0	0	0	30614	0	21101	0	262990	0	0	0
Kenneth Ragsdale
154820	0	75882	0	0	0	31745	0	10915	0	273362	0	0	0
Oladiran Obadina
151872	0	75810	0	0	0	33472	0	19097	0	280251	0	0	0
Sainath Moorty
145239	0	72047	0	0	0	31708	0	21239	0	270233	0	0	0
Adam Martinez
140588	0	69535	0	0	0	30164	0	7364	0	247651	0	0
Matthew Mereness
133438	0	66565	0	0	0	29603	0	19957	0	249563	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	SchJ_P01_S00_L07	Identifier
Return Reference	Schedule J, Part I, Line 7	ReturnReference
Explanation	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, individual performance may justify awards which exceed $1,000, and these awards require approval of the Chief Executive Officer.	Explanation

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	126685022	See Part V Below	0
Star Electricity LLC
See Part V Below	123796	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 2011 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) Marcie Zlotnik was a 2011 Board Member (Independent Retail Electric Providers Segment) of ERCOT and also an officer of StarTex Power. (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 (13 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 retail customers and 75 percent of the Texas land area. 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 during 2011: ERCOT serves the public interest by: ensuring open access to transmission and distribution systems; maintaining system reliability and operations; enabling retail choice; operating fair and competitive wholesale markets; maintaining the renewable energy credits registry; and providing leadership and independent expertise to improve system reliability and market efficiency. Effective 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 participants in the ERCOT electricity market; each such "market participant director" has an elected alternate (segment alternate) who can attend meetings in the absence of the market participant director and vote on the absent market participant director's behalf in the event that such market participant director cannot attend a board meeting.
F990_P06_S0A_L06	Form 990, Part VI, Section A, Line 6	As of December 31, 2011, ERCOT's membership included 302 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 three subsegments - 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 by the Corporate Members or a portion of such Corporate Members. With respect to each of the six Market Participant Directors, only the Corporate Members of the Membership Segment represented by the Market Participant 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 representing residential consumers and small commercial consumers; (ii) one is selected 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 2011 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, a meeting on July 17, 2012. The final version of the 2011 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 Director 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	1) 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 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 companies 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 Utilities Commission of Texas Substantive Rules related to ERCOT Governance require that the Public Utilitiy Commission of Texas review and approve all compensation to be paid to the Chief Executive Officer. 2) 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 2011, ERCOT recorded $596,488 of revenue from the DOE. Of this, $61,520 was a receivable for funds expended in 2011 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_P11_S00_L05	Form 990, Part XI, Line 5	Other changes in net assets of $6,571,505 represents a derivative valuation change of $6,595,962 under FASB ASC 815 Derivatives and Hedging Topic and deferred pension costs of ($24,457).
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 2011, 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 2011 expenditures, an audit was performed and the report was filed by July 31, 2012.