ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90 (EIN 74-2587416)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-08-05
IRS object ID: 201132249349301858
Schema version: 2010v3.2
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	2011-08-05T17:48:57-07:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate
Return Type	990	ReturnType
Tax Period Begin Date	2010-01-01	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	HB Doggett	Name
Title	President and CEO	Title
Phone	5122486360	Phone
Date Signed	2011-08-08	DateSigned

Field	Value	IRS element (for citing)
Tax Year	2010	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	272510154	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	783	TotalNbrEmployees
Total Nbr Volunteers	16	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	49850905	ContributionsGrantsPriorYear
Contributions Grants Current Year	49312915	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	141272898	ProgramServiceRevenuePriorYear
Program Service Revenue CY	219542751	ProgramServiceRevenueCY
Investment Income Prior Year	3498131	InvestmentIncomePriorYear
Investment Income Current Year	-15068	InvestmentIncomeCurrentYear
Other Revenue Prior Year	12283313	OtherRevenuePriorYear
Other Revenue Current Year	3635070	OtherRevenueCurrentYear
Total Revenue Prior Year	206905247	TotalRevenuePriorYear
Total Revenue Current Year	272475668	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	56661323	SalariesEtcPriorYear
Salaries Etc Current Year	54949257	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	121530670	OtherExpensePriorYear
Other Expenses Current Year	198466798	OtherExpensesCurrentYear
Total Expenses Prior Year	178191993	TotalExpensesPriorYear
Total Expenses Current Year	253416055	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	28713254	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	19059613	RevenuesLessExpensesCY
Total Assets BOY	667632082	TotalAssetsBOY
Total Assets EOY	818439371	TotalAssetsEOY
Total Liabilities BOY	652642351	TotalLiabilitiesBOY
Total Liabilities EOY	782566088	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	14989731	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	35873283	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	211992971	Expense
Grants	0	Grants
Revenue	219750159	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	211992971	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	0	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	132	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	783	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	1	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

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	X	InfoInScheduleOPartVII

Form990 Part VII Section A Form990PartVIISectionA (45 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	34267	0	0
Calvin Crowder
Director	6	X	0	0	0
Andrew Dalton
Director	6	X	0	0	0
Laura Doll
Director	20	X	35167	0	0
Mark Dreyfus
Director	5	X	0	0	0
Miguel Espinosa
Director	6	X	83600	0	0
Nick Fehrenbach
Director	10	X	0	0	0
Michehl Gent
Director	14	X	88700	0	0
Sheri Givens
Director	8	X	0	0	0
Bob Helton
Director	15	X	0	0	0
Clifton Karnei
Director	6	X	0	0	0
Jan Newton
Director	35	X	53033	0	0
Alton Patton
Director	10	X	79300	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
Deryl Brown
Segment Alternate	1	X	0	0	0
Michael Packard
Segment Alternate	15	X	0	0	0
Scott Prochazka
Segment Alternate	2	X	0	0	0
Ray Schwertner
Segment Alternate	8	X	0	0	0
Mark Walker
Segment Alternate	5	X	0	0	0
Brandon Whittle
Segment Alternate	6	X	0	0	0
HB Doggett
President and CEO; Director	45	X	403475	0	52536	X
Michael Cleary
Senior VP & COO	45		437857	0	45231	X
Roy Bowman
Interim CFO (See Schedule O)	45		0	0	0	X
Michael Petterson
Controller (acting CFO duties)	45		174808	0	39382	X
Nancy Capezzuti
VP & CAO	45		216790	0	7932	X
Michael Grable
VP, General Counsel & Corporate Secretary	45		75004	0	13141	X
William Magness
VP, General Counsel & Corp Sec (see Sch. O)	45		72499	0	16860	X
Harold Saathoff
VP System Planning & Operations	45		232618	0	54774	X
Larry Grimm
CEO/CCO (Texas RE)	45		111388	0	22021	X
Charles Manning Jr
VP & CCO	45		287506	0	53058	X
Richard Morgan
VP & CIO	45		294726	0	33161	X
Sallie Betty Day
Director, Com Market Ops (acting COO duties)	45		207811	0	51369	X
Estrellita Doolin
Asst General Counsel & Asst Corp Secretary	45		168014	0	22905	X
Vickie Leady
Sr Corp Counsel & Asst Corp Secretary	45		116851	0	38757	X
David Forfia
Sr Director, IT Infrastructure	45		191356	0	37311		X
Steven Grendel
Director- Facilities	45		185563	0	44866		X
David Troxtell
Director, Program Management	45		184516	0	35002		X
Cheryl Yager
Treasurer	45		173424	0	41682		X
Jim Brenton
Principal, Cyber Standards Dev & Review	45		165379	0	37616			X
Jerome Dreyer
Director, Application Services	45		198727	0	39210			X
Matthew Morais
Assistant General Counsel	45		167941	0	23662			X
Steven Myers
Principal, Operating Standards	45		161455	0	41867			X
Dan Woodfin
Director, System Planning	45		165793	0	36887			X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	4767568	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	789230	TotalOtherCompensation
Number Individuals GT100 K	202	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	20180146
ABB Inc
1601 Industrial Blvd	Sugarland	TX	774782579	IT consulting	5521697
Potomac Economics Ltd
9990 Fairfax Blvd	Fairfax	VA	22030	Independent market monitor	2158342	Suite 560
ALSTOM Grid Inc
10865 Willows Road NE	Redmond	WA	980522502	IT consulting	2068207
Utility Integration Solutions
24 Benthill Court	Layfayette	CA	94549	Business integration	1730204

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	37	NumberOfContractorsGT100K
Federated Campaigns	0	FederatedCampaigns
Membership Dues	3748111	MembershipDues
Fundraising Events	0	FundraisingEvents
Related Organizations	0	RelatedOrganizations
Government Grants	45564804	GovernmentGrants
All Other Contributions	0	AllOtherContributions
Noncash Contributions	0	NoncashContributions
Total Contributions	49312915	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	Electric reliability revenue	Description
Business Code	221000	BusinessCode
Total Revenue Column	219542751	TotalRevenueColumn
Related Or Exempt Function Income	219542751	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	219542751	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	6544	TotalRevenueColumn
Related Or Exempt Function Income	3753	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$2,791	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	12874	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	0	Securities
Other	34486	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	0	Securities
Other	-21612	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-21612	TotalRevenueColumn
Related Or Exempt Function Income	-21612	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 (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue	ExclusionExclusionAmount
Gain on investments	900099	3409803	0	0	$3,409,803
Non-operating income (other)	900099	225267	225267	0	$0

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	3635070	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	272475668	TotalRevenueColumn
Related Or Exempt Function Income	219750159	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$3,412,594	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	4521277	Total
Program Services	1895355	ProgramServices
Management And General	2625922	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	31083417	Total
Program Services	24234335	ProgramServices
Management And General	6849082	ManagementAndGeneral
Fundraising	0	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	7873859	Total
Program Services	6636788	ProgramServices
Management And General	1237071	ManagementAndGeneral
Fundraising	0	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	6667814	Total
Program Services	5684831	ProgramServices
Management And General	982983	ManagementAndGeneral
Fundraising	0	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	4802890	Total
Program Services	4039031	ProgramServices
Management And General	763859	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	599158	Total
Program Services	0	ProgramServices
Management And General	599158	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	333147	Total
Program Services	1337	ProgramServices
Management And General	331810	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	12564657	Total
Program Services	9600804	ProgramServices
Management And General	2963853	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	695421	Total
Program Services	456591	ProgramServices
Management And General	238830	ManagementAndGeneral
Fundraising	0	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	3384267	Total
Program Services	3085513	ProgramServices
Management And General	298754	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	5616056	Total
Program Services	0	ProgramServices
Management And General	5616056	ManagementAndGeneral
Fundraising	0	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	621612	Total
Program Services	431123	ProgramServices
Management And General	190489	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	598820	Total
Program Services	489222	ProgramServices
Management And General	109598	ManagementAndGeneral
Fundraising	0	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	2650167	Total
Program Services	0	ProgramServices
Management And General	2650167	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	29644760	Total
Program Services	24783019	ProgramServices
Management And General	4861741	ManagementAndGeneral
Fundraising	0	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	1808944	Total
Program Services	0	ProgramServices
Management And General	1808944	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
Hardware and software expenses	10324445	9661647	662798
Professional fees	9742779	1273788	8468991
Amortization of regulatory asset	119717623	119717623	0

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	164942	Total
Program Services	1964	ProgramServices
Management And General	162978	ManagementAndGeneral
Fundraising	0	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	253416055	Total
Program Services	211992971	ProgramServices
Management And General	41423084	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	419795	BOY
EOY	867752	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	210726682	BOY
EOY	324286052	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	18352	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	15398302	BOY
EOY	18441105	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	13040261	BOY
EOY	13981724	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	806454964	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	346077657	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	427395883	BOY
EOY	460377307	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	651159	BOY
EOY	467079	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	667632082	BOY
EOY	818439371	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	19474630	BOY
EOY	23816791	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	4269514	BOY
EOY	3301820	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	79203867	BOY
EOY	65826500	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	364678000	BOY
EOY	336207665	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	185016340	BOY
EOY	353413312	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	652642351	BOY
EOY	782566088	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	14989731	BOY
EOY	35873283	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	14989731	BOY
EOY	35873283	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	667632082	BOY
EOY	818439371	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	19059613	ReconcilationRevenueExpenses
Reconcilation Other Changes	1823939	ReconcilationOtherChanges
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	0	FederalGrantAuditRequired

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	79713385	OtherCostOrOtherBasis
Depreciation	16188605	Depreciation
Book Value	63524780	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	11691386	Depreciation
Book Value	635988	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	117654047	OtherCostOrOtherBasis
Depreciation	82126334	Depreciation
Book Value	35527713	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	595813062	OtherCostOrOtherBasis
Depreciation	236071332	Depreciation
Book Value	359741730	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	460377307	TotalOfBookValueLandBuildings
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescription	AmountAmount
Security deposits	$255,597,885
Deferred rent credits	$67,710
Derivative liability	$9,831,155
Deferred regulatory liability- Nodal	$87,659,997
Accrued post retirement liability	$256,565

Field	Value	IRS element (for citing)
Total Of Amounts	353413312	TotalOfAmounts
Total Revenue	272475668	TotalRevenue
Total Expenses	253416055	TotalExpenses
Excess Or Deficit For Year	19059613	ExcessOrDeficitForYear
Net Unrealized GL On Investments	0	NetUnrealizedGLOnInvestments
Donated Services And Facilities	0	DonatedServicesAndFacilities
Investment Expenses	0	InvestmentExpenses
Prior Period Adjustments	0	PriorPeriodAdjustments
Other	$1,823,939	OtherAmount
Total Adjustments	1823939	TotalAdjustments
Excess Or Deficit Per FS	20883552	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	275377043	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	0	NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities	0	DonatedSrvcAndUseOfFacilities
Recoveries Of Prior Year Grants	0	RecoveriesOfPriorYearGrants
Other Revenues	2901375	OtherRevenues
Revenue Not Rptd F990	2901375	RevenueNotRptdF990
Revenue Subtotal	272475668	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	272475668	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	253416055	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	253416055	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	253416055	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 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_P11_S00_L08	Schedule D, Part XI, Line 8	Reconciliation of Change in Net Assets from Form 990 to F/S- Other $1,823,939 represents a derivative valuation change of $2,901,375 under FASB ASC 815 Derivatives and Hedging Topic, deferred pension costs of ($43,185), and a distribution of net assets for Texas Regional Entity of ($1,034,251).
SchD_P12_S00_L02d	Schedule D, Part XII, Line 2d	Reconciliation of Revenue per Audited F/S with Revenue Per Return- Other represents a derivative valuation change of $2,901,375 under FASB ASC 815 Derivatives and Hedging Topic.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	X	HousingAllowanceOrResidence
Written Policy Re T And E Expenses	1	WrittenPolicyReTAndEExpenses
Substantiation Required	1	SubstantiationRequired
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 (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
380775	0	22700	0	0	0	35525	0	17011	0	456011	0	0	0
Michael Cleary
298564	0	100000	0	39293	0	28429	0	16802	0	483088	0	0	0
Michael Petterson
174808	0	0	0	0	0	22934	0	16448	0	214190	0	0	0
Nancy Capezzuti
45973	0	0	0	170817	0	6669	0	1263	0	224722	0	0	0
Harold Saathoff
232618	0	0	0	0	0	33907	0	20867	0	287392	0	0	0
Charles Manning Jr
253891	0	0	0	33615	0	33297	0	19761	0	340564	0	0	0
Richard Morgan
292007	0	2719	0	0	0	29530	0	3631	0	327887	0	0	0
Sallie Betty Day
204412	0	2719	0	680	0	30569	0	20800	0	259180	0	0	0
Estrellita Doolin
119924	0	0	0	48090	0	17495	0	5410	0	190919	0	0	0
Vickie Leady
116851	0	0	0	0	0	17311	0	21446	0	155608	0	0	0
David Forfia
191356	0	0	0	0	0	26985	0	10326	0	228667	0	0	0
Steven Grendel
182844	0	2719	0	0	0	27187	0	17679	0	230429	0	0	0
David Troxtell
130723	0	0	0	53793	0	19389	0	15613	0	219518	0	0	0
Cheryl Yager
173424	0	0	0	0	0	25238	0	16444	0	215106	0	0	0
Jim Brenton
165039	0	340	0	0	0	23825	0	13791	0	202995	0	0	0
Jerome Dreyer
189863	0	2039	0	6825	0	27841	0	11369	0	237937	0	0	0
Matthew Morais
167941	0	0	0	0	0	17715	0	5947	0	191603	0	0	0
Steven Myers
161455	0	0	0	0	0	24081	0	17786	0	203322	0	0	0
Dan Woodfin
165793	0	0	0	0	0	24294	0	12593	0	202680	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
SchJ_P01_S00_L01a	Schedule J, Part I, Line 1a	A housing allowance was provided to Michael Cleary through direct payment to Residence Inn. This housing allowance was approved by the Human Resources department, followed ERCOT's written expense reimbursement policy, and all payments required receipt and approval. This was not included as taxable income to Michael Cleary and is not included in Column D of Schedule J, Part II as this amount did not exceed $10,000 in 2010.
SchJ_P01_S00_L04	Schedule J, Part I, Line 4	Severance Payments- 1) Pursuant to an agreement with ERCOT, Nancy Capezzuti received $170,817 severance in 2010. Under this agreement, Nancy Capezzuti's termination date was February 15, 2010, and this payment was paid in one installment in 2010. 2) Pursuant to an agreement with ERCOT, Estrellita Doolin received $47,750 severance in 2010. Under this agreement, Estrellita Doolin's termination date was October 4, 2010, and this payment was paid in one installment in 2010. 3) Pursuant to an agreement with ERCOT, David Troxtell received $53,793 severance in 2010. Under this agreement, David Troxtell's termination date was October 4, 2010, and this payment was paid in one installment in 2010.
SchJ_P01_S00_L07	Schedule J, Part I, Line 7	Non-fixed payments not described in Lines 5 and 6- 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.

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV (4 entries)

RelationshipRelationship	Amount Of TransactionAmountOfTransaction	Description Of TransactionDescriptionOfTransaction	Sharing Of RevenuesSharingOfRevenues
Brazos Electric Power Coop Inc
See Part V below	110279081	See Part V below	0
MP2 Energy Texas LLC
See Part V below	3932788	See Part V below	0
Casey Gentz and Magness LLP
See Part V below	174035	See Part V below	0
Star Electricity LLC
See Part V below	102000	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	Business Transactions Involving Interested Persons- (1)(b) Clifton Karnei was a 2010 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) Ray Schwertner was a 2010 Board Member (Segment Alternate for Municipal Segment) of ERCOT, and his son is an officer of MP2 Energy Texas, LLC. (2)(d) Payment of governmentally-approved tariff and ancillary service fees (3)(b) Marcie Zlotnik was a 2010 Board Member (Independent Retail Electric Providers Segment) of ERCOT and also an officer of StarTex Power (3)(d) Payment of ancillary service fees and membership fees (4)(b) William Magness served as the ERCOT Interim Vice President, General Counsel, and Corporate Secretary from April 12, 2010 to September 20, 2010. At this same time, he was a partner at Casey, Gentz & Magness LLP, who provided legal services to ERCOT. (4)(d) Payment by ERCOT for legal services provided. To the best of ERCOT's knowledge and belief, Schedule L sets forth the business transactions with interested persons that must be disclosed pursuant to the instructions to that form. 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 (16 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
F990_P01_S00_L01	Form 990, Part I, Line 1	Organization's Mission- 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 $32 billion competitive wholesale bulk-power market and administers customer switching for 6.6 million Texans in competitive choice areas; ERCOT has processed more than 5 million retail transactions since the retail market opened in 2001.
F990_P03_S00_L01	Form 990, Part III, Line 1	Organization's Approved Mission Statement- 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.
F990_P04_S00_L32	Form 990, Part IV, Line 32	Transfer of Net Assets- For part of the 2010 tax year, ERCOT was organized with a functionally independent division known as Texas Regional Entity (TRE). TRE was formed on April 19, 2007, for two primary reasons: (1) to become a regional entity under Part II of the Federal Power Act (16 U.S.C. 824, et seq.) through a delegation agreement with North American Electric Reliability Corporation (NERC) which was approved by the Federal Energy Regulatory Commission (FERC), pursuant to Section 215 of the Federal Power Act; and (2) to perform certain reliability compliance monitoring and reporting duties for the Public Utility Commission of Texas (PUCT), an agency of the State of Texas. On January 1, 2010, Texas Reliability Entity, Inc. (Texas RE), a Section 501(c)(3) tax-exempt, Texas non-profit corporation, was formed to become the successor regional entity for the ERCOT region. ERCOT and Texas RE entered into an assignment and assumption agreement, effective as of June 30, 2010, to allow Texas RE to take over all of the activities and responsibilities which were then performed by TRE. Effective July 1, 2010, NERC entered into an Amended and Restated Delegation Agreement with Texas RE, designating Texas RE the new regional entity for the ERCOT region. Texas RE is a separate, unaffiliated legal entity from ERCOT. From July 1, 2010, through December 31, 2010, at the PUCT's direction, ERCOT, Texas RE and the PUCT entered into a tri-party professional services agreement and statement of work for ERCOT region reliability monitor services (Reliability Monitor Agreement) subject to the PUCT's supervision and oversight in the total amount of $413,730. In this role, Texas RE was responsible for monitoring, investigating, auditing and reporting to the PUCT regarding compliance with the reliability-related ERCOT Protocols and Operating Guides, and the reliability-related provisions of the Public Utility Regulatory Act by ERCOT and ERCOT market participants. The parties entered into this Reliability Monitor Agreement pursuant to the PUCT's directive that a third-party entity independent of ERCOT and ERCOT market participants assist the PUCT in ensuring compliance and enforcement of the reliability-related rules arising from state law and ERCOT Protocols and Operating Guides. In addition, Texas RE provided other reliability-related subject matter expert advice, expertise, and assistance to the PUCT in the conduct of the PUCT's oversight and enforcement activities. The parties have renewed the Reliability Monitor Agreement for a three-year extension from January 1, 2011 through December 31, 2013 for a total not-to-exceed amount of $3.975 million. The services provided by Texas RE under the Reliability Monitor Agreement are separate and in addition to the services performed by Texas RE as a regional entity pursuant to its Amended and Restated Delegation Agreement with NERC. From January 1, 2010, through June 30, 2010, Larry Grimm served as Chief Executive Officer (CEO) and Chief Compliance Officer of TRE while TRE was an independent division of ERCOT. Mr. Grimm served as President and CEO of Texas RE from January 18, 2010, through December 31, 2010. During the 2010 tax year, Sheri Givens, Public Counsel with the Texas Office of Public Utility Counsel (OPUC), served as an ex officio voting director, representing residential and small commercial electricity consumers, on the ERCOT Board of Directors. During this time, Ms. Givens as Public Counsel with the Texas OPUC (or another employee as designated by Ms. Givens) also concurrently served as an ex officio non-voting director, representing residential and small commercial electricity consumers, on the TRE and Texas RE Boards of Directors. During the 2010 tax year, Barry T. Smitherman, the Chairman of the PUCT, served as an ex officio non-voting director on the ERCOT Board of Directors. During this time, Mr. Smitherman as the Chairman of the PUCT or another PUCT Commissioner designated by the Chairman could serve on as an ex-officio non-voting member; and Donna Nelson, PUCT Commissioner, routinely served on the TRE and Texas RE Boards of Directors in this capacity. In addition, from April 2007 through April 2010, the members of the ERCOT Board of Directors also concurrently served on the TRE Board of Directors. From January 2010 until June 30, 2010, five ERCOT Directors served on the Texas RE Board of Directors with Mr. Grimm as formation directors - specifically, Jan Newton as Chair, Michehl Gent as Vice-Chair, and Miguel Espinosa, PUCT Chairman Smitherman and Ms. Givens as the remaining formation directors.
F990_P06_S0A_L01a	Form 990, Part VI, Section A, Line 1a	Voting Directors- Pursuant to Section 39.151 of the Texas Public Utility Regulatory Act, ERCOT has sixteen members of its Board of Directors. 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 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_L03	Form 990, Part VI, Section A, Line 3	Management Duties- Roy Bowman served as the ERCOT Interim Chief Financial Officer for a portion of 2010, that is, through May 14, 2010. Beginning in September 2009, ERCOT contracted these services directly through Tatum LLC, where Roy Bowman serves as a partner. In 2010, ERCOT paid Tatum, pursuant to contract, $166,333 for the services provided by Roy Bowman. As this was not W-2 reportable compensation from ERCOT and was paid directly to a management company, this amount is not included in Part VII, Line 1a, Schedule J-2, Part I, Column D, or Schedule J, Part II, Column B. Prior to the 2010 tax year, ERCOT engaged the law firm of Casey, Gentz and Magness, LLP (CGM), for legal services related to various regulatory matters, including rate case matters. From January 1, 2010 through April 12, 2010, CGM provided legal services to ERCOT related to various legal regulatory matters for which ERCOT paid CGM a total of $103,458 in legal fees. Due to the voluntary departure of Michael G. Grable as ERCOT Vice President, General Counsel and Corporate Secretary, effective on April 12, 2010, ERCOT entered into a professional services agreement and statement of work with CGM for the part-time services of Bill Magness, a named partner of CGM, to serve as ERCOT Interim Vice President, General Counsel and Corporate Secretary for an initial term of April 12, 2010 through July 4, 2010. On April 12, 2010, the ERCOT Board of Directors ratified Mr. Magness as an ERCOT officer with the title of Interim Vice President, General Counsel and Corporate Secretary pursuant to ERCOT's agreement with CGM for Mr. Magness' services to avoid any disruption in the operations of ERCOT. Such ratification was expressly in effect until the earlier of the filling of this officer position by ERCOT or the termination of ERCOT's agreement with CGM for Mr. Magness' services. On June 14, 2010, ERCOT and CGM amended the initial statement of work to convert the fee structure from a flat fee to an hourly rate and to amend the end date of the term to June 30, 2010. ERCOT paid a total of $48,701 in legal fees to CGM for Mr. Magness' interim General Counsel services pursuant to this first statement of work for the period of April 12, 2010 through June 30, 2010, and a total of $6,320 in legal fees to CGM for other regulatory matters, including legal services performed by Mr. Magness, for the same time period. ERCOT and CGM entered into a second statement of work for an increased hourly rate and for a new term of July 1, 2010 through September 30, 2010. ERCOT paid a total of $117,829 in legal fees to CGM for Mr. Magness' interim General Counsel services pursuant to this second statement of work for the period of July 1, 2010 through September 20, 2010, and a total of $1,185 in legal fees to CGM for other regulatory matters, including legal services performed by Mr. Magness, for the same time period. On September 21, 2010, Mr. Magness resigned from CGM and accepted employment with ERCOT. On the same date, the ERCOT Board of Directors ratified Mr. Magness as an ERCOT officer with the title of Vice President, General Counsel and Corporate Secretary for a term not to exceed one year. During the 2010 tax year, ERCOT paid a total of $277,493 in legal fees (exclusive of expense reimbursements) to CGM, specifically, $166,530 for Mr. Magness' services as interim General Counsel from April 12, 2010, through September 20, 2010, and $110,963 for other legal fees for which Mr. Magness provided legal services from January 1, 2010 through September 20, 2010.
F990_P06_S0A_L06	Form 990, Part VI, Section A, Line 6	Membership- As of December 31, 2010, ERCOT's membership included 314 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	Director Election Rights- 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	Approval of Decisions- 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_L11a	Form 990, Part VI, Section B, Line 11a	Review of Form 990- The 2010 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 subsequently reviewed and commented on by the Finance and Audit Committee of the Board of Directors before being submitted to the full Board in advance of, and for its consideration and input at, a meeting on July 19, 2011. The final version of the 2010 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	Process to monitor and enforce conflicts of interest- 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) Process for determining compensation of the Chief Executive Officer- In determining compensation for the Chief Executive Officer, ERCOT follows a procedure which ensures that (i) compensation is approved in advance by the independent members of the Board of Directors and its HR&G Committee, (ii) the Board and the HR&G Committee obtains and relies upon appropriate data for comparability, and (iii) the Board and the HR&G Committee each adequately documents the basis for its respective determination. 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. 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 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, and all decisions regarding the Chief Executive Officer's compensation are documented and maintained. 2) Process for determining compensation of officers- 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 independent members of the Board's HR&G Committee, (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. 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	Documents available to the public- 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_P07_S0A_L01a	Form 990, Part VII, Section A, Line 1a	Officer Titles- In 2010, Sallie Betty Day served as the ERCOT Director of Markets. When H.B. Doggett, previously the Chief Operating Officer (COO), assumed the role of Interim President and CEO in October 2009, Sallie Betty Day moved into the role of Acting COO. While no official title change was made, she was given signature authority of the COO and assumed many of the roles and responsibilities. Sallie Betty Day maintained these roles and responsibilities until May 26, 2010. Therefore, for the purposes of the 2010 Form 990, ERCOT has listed Sallie Betty Day as an officer. In 2010, Michael Petterson served as the ERCOT Controller. Upon the departure of Roy Bowman, previously the Interim Chief Financial Officer (CFO), on June 1, 2010 Mike Petterson moved into the role of Acting CFO. While no official title change was made, he was given signature authority of the CFO and assumed many of the roles and responsibilities. Therefore, for the purposes of the 2010 Form 990, ERCOT has listed Michael Petterson as an officer.
F990_P08_S00_L01e	Form 990, Part VIII, Line 1e	Government Grants- 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 2010, ERCOT received $251,553 from the DOE and recognized a receivable of $18,352 for funds expended 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_L11a	Form 990, Part VIII, Line 11a 11b 11c	Miscellaneous Revenue- In 2010, ERCOT received distributions totaling $3,409,803 from The Reserve for the recovery of investment funds from a previously recognized unrealized loss in 2008. This amount is considered non-operating income and is presented on Part VIII in line 11a, column D.
F990_P11_S00_L05	Form 990, Part XI, Line 5	Other Changes in Net Assets- Other changes in net assets of $1,823,939 represents a derivative valuation change of $2,901,375 under FASB ASC 815 Derivatives and Hedging Topic, deferred pension costs of ($43,185), and a distribution of net assets for Texas Regional Entity of ($1,034,251).