Overview
What is Serc Reliability Corporation?
The Serc Reliability Corporation (SERC) is a North Carolina-based nonprofit organization dedicated to ensuring the reliability and security of the bulk power system. In accordance with the Federal Power Act and its delegation agreement with the North American Electric Reliability Corporation (NERC), SERC provides several key functions: analyzing events to identify lessons for improving reliability, promoting bulk power system (BPS) reliability, adequacy, and security, helping develop reliability standards for the BPS and the SERC region, monitoring and enforcing approved mandatory reliability standards, registering and certifying responsible entities under the reliability compliance program, assessing the BPS past, present, and future risk profile, and training operating personnel to ensure competence. The organization's Compliance Monitoring and Enforcement Program (CMEP) is its largest program area, consisting of five divisions: Compliance Monitoring, Compliance Programs and Services, Entity Assessment and Mitigation, Organization Registration and Certification, and Enforcement. These divisions work together to maintain the reliability of the power system by implementing various assessments, investigations, and enforcement actions. SERC's mission is to effectively and efficiently reduce risks to the reliability and security of the BPS through its statistical functions and partnership with NERC.
Official website here: www.serc1.org
Is Serc Reliability Corporation legitimate?
Serc Reliability Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Serc Reliability Corporation 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,745,706
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,199,621
For more financial information, click here
Official website here: www.serc1.org
What is the mission statement of Serc Reliability Corporation?
The Serc Reliability Corporation (SERC) is dedicated to ensuring the reliability and security of the bulk power system. In accordance with the Federal Power Act and its delegation agreement with the North American Electric Reliability Corporation (NERC), SERC performs vital functions to improve the reliability, adequacy, and security of the power system. These functions encompass analyzing events to identify lessons learned, promoting reliability, assisting in the development of reliability standards, monitoring and enforcing approved standards, registering and certifying responsible entities, assessing risks, and training operating personnel to maintain competence.
Official website here: www.serc1.org
Who is the CEO of Serc Reliability Corporation?
Jason Blake is the Chair of Serc Reliability Corporation. The CEO's salary of Serc Reliability Corporation is $648,623 and their total compensation is $731,980.
Official website here: www.serc1.org
What is the revenue of Serc Reliability Corporation?
Serc Reliability Corporation's revenue in 2022 was $26,641,199.
Official website here: www.serc1.org
Who are the executives of Serc Reliability Corporation and what are their salaries?
The average compensation at Serc Reliability Corporation during 2022 was $152,661. There are 111 employees and 1,210 volunteers at Serc Reliability Corporation.
Here are 28 key members and their salaries (Serc Reliability Corporation's CEO's salary is $648,623 and their total compensation is $731,980):
- Jason Blake (President/Ceo)
- Timothy Ponseti (Vice President - Operations)
- Holly Hawkins (Vice President - General Counsel & Corporate Secre)
- George Krogstie (Cfo & Corporate Treasurer)
- Brian Thumm (Vice President - Performance Improvement & Risk Ma)
- Melinda Montgomery (Sr Director - Advanced Analytics & Technical Servi)
- William Peterson (Sr. Manager - Outreach & Training)
- Stephen Brown (Director - Cyber & Physical Security)
- Todd Curl (Senior Manager - Risk Awareness & Oversight)
- Jimmy Cline (Managing Counsel)
- Lonni Dieck (Lead Independent Director)
- Deborah Wheeler (Independent Director)
- Shirley Bloomfield (Independent Director)
- Todd Hillman - Midcontinent Indepen (Chair) [Trustee/Director]
- Pandelis Xanthakos - Dominion Energ (Vice-Chair) [Trustee/Director]
- Roger Clark (Director)
- Adrianne Collins (Director)
- Ricky Erixton (Director)
- Greg Ford (Director)
- Venona Greaff (Director)
- Virgil Hobbs (Director)
- Lisa Johnson (Director)
- Eric Laverty (Director)
- Doug Lego (Director)
- Tim Lyons (Director)
- Manny Miranda (Director)
- Shawn Schukar (Director)
- Bob Dalrymple (Director)
Official website here: www.serc1.org
Where can I find the form 990 for Serc Reliability Corporation?
The Serc Reliability Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.serc1.org
Learn more at the official website: www.serc1.org
Mission Statement of Serc Reliability Corporation
Serc Reliability Corporation, or SERC, is a mission-driven organization dedicated to ensuring the effective and efficient reduction of risks to the reliability and security of the bulk power system. In line with its delegation agreement between SERC and the North American Electric Reliability Corporation (NERC), SERC performs statutory functions as outlined in Section 215 of the Federal Power Act.
To achieve its mission, SERC plays a crucial role in analyzing events to identify valuable lessons that can enhance reliability. By promoting reliability, adequacy, and security within the bulk power system and the SERC region, the organization strives to maintain a stable and uninterrupted power grid. Additionally, SERC contributes to the development of reliability standards for the North American Bulk Power System (BPS) and the SERC region.
SERC is responsible for monitoring and enforcing approved mandatory reliability standards to maintain a high level of compliance. To this end, the organization registers and certifies responsible entities under the Reliability Compliance Program, ensuring that they meet the necessary requirements. Furthermore, SERC assesses the past, present, and future risk profile of the BPS to ensure reliability, adequacy, and security.
To maintain a skilled workforce, SERC provides training to operating personnel to ensure competence. Through its various functions, SERC plays a vital role in safeguarding the reliable and secure operation of the bulk power system.
Impact
This information is meant to be a general summary of Serc Reliability Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
SERC Reliability Corporation plays a crucial role in assuring the reliability and security of the bulk power system in North America. By providing essential functions such as analyzing events to improve reliability, promoting system adequacy and security, developing reliability standards, monitoring and enforcing compliance with these standards, and certifying responsible entities, SERC significantly contributes to the smooth operation of the electrical grid. Furthermore, their emphasis on training operating personnel ensures competence and readiness in maintaining the integrity of the power system. Overall, SERC's impact is vital for enhancing the reliability and security of the region's electrical infrastructure.
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.
MEMBER ASSESSMENT
Revenue
$24,798,932
PENALTY SANCTIONS
Revenue
$1,564,248
WORKSHOP REVENUE
Revenue
$159,284
Organization Details
Founding Year
2005
Phone
(704) 357-7372
Principal Officer
Jason Blake
Main Address
3701 ARCO CORPORATE DRIVE 300, CHARLOTTE, NC, 28273
Website
www.serc1.org
NTEE Category
Code: S41 - Community improvement
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