Overview
What is Iso New England Inc?
Iso New England Inc, headquartered in Holyoke, Massachusetts, is a renowned not-for-profit organization dedicated to ensuring the reliable supply of electricity throughout New England. By managing the region's wholesale electricity markets, the organization maintains the constant availability of competitively-priced electricity for its 15.1 million residents. Exercising operational authority over the bulk transmission facilities, Iso New England provides non-discriminatory, open-access transmission service. Their mission also includes administering and enhancing sustainable, competitive, and efficient energy markets in New England. With a workforce of 693 individuals, the corporation operates exclusively for charitable purposes, focusing on the reliability of the bulk power and transmission system and the provision of effective energy markets.
Official website here: www.iso-ne.com
Is Iso New England Inc legitimate?
Iso New England Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iso New England Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $17,189,694
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,187,155
For more financial information, click here
Official website here: www.iso-ne.com
What is the mission statement of Iso New England Inc?
Iso New England Inc is a charitable organization dedicated to ensuring the reliability of the bulk power and transmission system in the region. By exercising operational authority over the bulk transmission facilities, the corporation works to maintain system stability. Additionally, Iso New England Inc plays a key role in administering and enhancing sustainable, competitive, and efficient energy markets. Lastly, they provide non-discriminatory and open-access transmission service, allowing fair access for all users. The organization's ultimate goal is to keep the energy infrastructure functioning smoothly and effectively.
Official website here: www.iso-ne.com
Who is the CEO of Iso New England Inc?
Gordon Van Welie is the President, & Chief Executive Officer of Iso New England Inc. The CEO's salary of Iso New England Inc is $1,924,952 and their total compensation is $2,327,694.
Official website here: www.iso-ne.com
What is the revenue of Iso New England Inc?
Who are the executives of Iso New England Inc and what are their salaries?
The average compensation at Iso New England Inc during 2022 was $140,515. There are 693 employees at Iso New England Inc.
Here are 40 key members and their salaries (Iso New England Inc's CEO's salary is $1,924,952 and their total compensation is $2,327,694):
- Gordon Van Welie (President, & Chief Executive Officer)
- Vamsi K Chadalavada (Executive V.P. & Chief Operating Officer)
- Peter T Brandien (V.P. System Operations & Market Administration)
- Robert C Ludlow (V.P. Chief Financial & Compliance Officer)
- Matthew W White (Chief Economist)
- Anne C George (V.P. External Affairs & Corp. Communications)
- Mark G Karl (V.P. Market Development & Settlements)
- Maria A Gulluni (V.P. Gen'L Counsel & Corp. Sec.)
- John Diloreto (Director, Internal Audit)
- Albert Evans (Director, Cyber Security And Compliance)
- Robert G Ethier (V.P. System Planning)
- Janice S Dickstein (V.P. Human Resources)
- Kathleen Decastro (V.P. Hr & Chief People Diversity Officer)
- David Naughton (Executive Director, Market Monitoring)
- Rudolf A Pawul (V.P. Information & Cyber Security Services)
- Christopher Geissler (Manager, Economic Analysis)
- Tongxin Zheng (Director, Advanced Technology Solutions)
- Parviz Alivand (Principal Economist)
- M David Hameedy (Director, Program Management Office)
- Alan F Mcbride (Director, Transmission Services & Resource Quality)
- Brent Oberlin (Director, Transmission Planning)
- Cheryl Lafleur (Chair, Board Of Directors)
- Mark Vannoy (Director)
- Michael J Curran (Director)
- Brook M Colangelo (Director)
- Roberto R Denis (Director)
- Matthew F Goldberg (Director, Strategy, Risk And Operations Compliance)
- Steven B Corneli (Director)
- Caren Anders (Director)
- Catherine Flax (Director)
- Allison Digrande (Director, Participant Relations & Services)
- Michael N Taniwha (It Director, Infrastructure & Enterprise Support)
- Jeffrey D Mcdonald (V.P. Market Monitoring)
- Barney S Rush (Director)
- Vickie A Vanzandt (Director)
- Shannon L Carey (Director, Market Analysis & Settlements)
- Lorraine M Brady (Sr. Corporate Administrator & Assistant Secretary)
- Melvin G Williams Jr (Director)
- Dennis G Robinson (Director, Market Administration And Auctions)
- John R Norden (Director, Operations)
Official website here: www.iso-ne.com
Where can I find the form 990 for Iso New England Inc?
The Iso New England Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.iso-ne.com
Learn more at the official website: www.iso-ne.com
Mission Statement of Iso New England Inc
Iso New England Inc, a charitable organization, is dedicated to ensuring the reliability of the bulk power and transmission system in New England. To accomplish this, the corporation holds operational authority over the bulk transmission facilities. Additionally, Iso New England Inc plays a significant role in the administration and enhancement of sustainable, competitive, and efficient energy markets. By providing non-discriminatory, open-access transmission service, the organization enables a level playing field for all market participants.
The primary objective of Iso New England Inc is to maintain the reliability of the New England power grid. To achieve this, the corporation assumes operational control over the region's bulk transmission infrastructure. By exercising this authority, Iso New England Inc can ensure that power flows efficiently and effectively throughout the grid, minimizing disruptions and blackouts for consumers.
Furthermore, Iso New England Inc is committed to optimizing energy markets in New England. The organization seeks to create a competitive, sustainable, and efficient energy marketplace. By providing open-access transmission services, the corporation ensures equal access to the grid for all market participants, ultimately driving innovation and competition in the industry. This, in turn, leads to better energy solutions for consumers and the environment.
Impact
This information is meant to be a general summary of Iso New England Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Iso New England Inc plays a crucial role in maintaining the reliability of the bulk power and transmission system in New England. By exercising operational authority over the region's bulk transmission facilities, Iso New England ensures the constant availability of competitively-priced electricity for the 15.1 million residents of the area. Additionally, the organization administers and seeks to enhance sustainable, competitive, and efficient energy markets in New England while providing non-discriminatory, open-access transmission service. In 2022 alone, Iso New England was responsible for the fair administration of over $13.7 billion of market transactions, highlighting its significant impact on the energy sector in the region.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENERGY ADMIN. SERVICES
Revenue
$101,325,568
RELIABILITY ADMIN. SER
Revenue
$64,891,237
SCHEDULING SYSTEM CONT
Revenue
$43,611,105
Organization Details
Founding Year
1997
Phone
(413) 535-4000
Principal Officer
Gordon Van Welie
Main Address
ONE SULLIVAN ROAD, HOLYOKE, MA, 01040
Website
www.iso-ne.com
NTEE Category
Code: W20 - Public benefit
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