Overview
What is Electric Reliability Council Of Texas Inc?
The Electric Reliability Council of Texas Inc, also known as ERCOT, is a crucial nonprofit organization headquartered at 8000 Metropolis Dr Building E 10 in Austin, Texas, zip code 78744. With a workforce of 913 employees, ERCOT plays a pivotal role in managing the electricity flow to over 26 million customers residing in Texas. This encompasses overseeing the financial settlements within the competitive wholesale bulk-power market and administering electric provider account switching in areas offering retail choice. ERCOT's mission is to ensure a reliable grid, efficient electricity markets, open access, and retail choice for the public.
Official website here: www.ercot.com
Is Electric Reliability Council Of Texas Inc legitimate?
Electric Reliability Council Of Texas Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Electric Reliability Council Of Texas 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $7,805,858
Professional Fundraising Fees: $0
Other Salaries and Wages: $92,986,909
For more financial information, click here
Official website here: www.ercot.com
What is the mission statement of Electric Reliability Council Of Texas Inc?
Electric Reliability Council of Texas Inc (ERCOT) is committed to serving the public by ensuring a reliable electric grid and efficient electricity markets. They facilitate the smooth flow of electricity to over 26 million customers in Texas. ERCOT's responsibilities include managing financial settlements for the competitive wholesale bulk-power market and administering electric provider account switching in competitive choice areas. Their primary goal is to maintain a robust and dependable power system for the community.
Official website here: www.ercot.com
Who is the CEO of Electric Reliability Council Of Texas Inc?
Pablo Vega is the Principal Officer of Electric Reliability Council Of Texas Inc. The CEO's salary of Electric Reliability Council Of Texas Inc is $620,831 and their total compensation is $691,990.
Official website here: www.ercot.com
What is the revenue of Electric Reliability Council Of Texas Inc?
Electric Reliability Council Of Texas Inc's revenue in 2022 was $355,423,897.
Official website here: www.ercot.com
Who are the executives of Electric Reliability Council Of Texas Inc and what are their salaries?
The average compensation at Electric Reliability Council Of Texas Inc during 2022 was $110,397. There are 913 employees and 10 volunteers at Electric Reliability Council Of Texas Inc.
Here are 32 key members and their salaries (Electric Reliability Council Of Texas Inc's CEO's salary is $620,831 and their total compensation is $691,990):
- Pablo Vegas Part Year Start (Board Member;President And Ceo) [Trustee/Director]
- Brad Jones Part Year (Board Member; Interim Pres. And Ceo) [Trustee/Director]
- Jeyant Tamby (Sr. Vp And Cao & Chief Of Staff)
- Chad Seely (Vp, General Counsel)
- Jayapal Parakkuth (Vp & Cio)
- Dwayne Rickerson (Vp, System Planning & Weatherization)
- Sean Taylor (Vp & Cfo)
- Kenan Ogelman (Vp, Commercial Operations)
- Mara Spak (Vp, Human Resources)
- Dan Woodfin (Vp, System Operations)
- Sallie Betty Day (Vp, Security & Compliance And Cco)
- Kristi Hobbs (Vp, Corp. Strategy & Puc Relations)
- Nathan Bigbee (Deputy General Counsel)
- Michael Allgeier Part Year (Sr. Director, Cis And Cso)
- Bryan Hanley (Sr. Director, It Infrastructure)
- David Kezell (Director, Pse Weatherization)
- Mark Ruane Part Year (Sr. Dir. Settlements Retail & Credits)
- Brandon Gleason (Deputy General Counsel)
- Ajay Mannepalli (Director, It Arch. & Strategy)
- Jonathan Levine (Asst. Gc & Asst. Corp. Sec.)
- William Black Part Yr Start (Vp, Public Affairs)
- Bill Flores (Board Member) [Trustee/Director]
- Bob Flexon (Board Member) [Trustee/Director]
- Carlos Aguilar (Board Member) [Trustee/Director]
- Zin Smati Part Year (Board Member) [Trustee/Director]
- John Swainson (Board Member) [Trustee/Director]
- Peggy Heeg (Board Member) [Trustee/Director]
- Julie England (Board Member) [Trustee/Director]
- Chris Ekoh Part Year (Board Member) [Trustee/Director]
- Paul Foster (Board Member) [Trustee/Director]
- Courtney Hjaltman (Board Member (Part Year: Start)) [Trustee/Director]
- Peter Lake (Board Member) [Trustee/Director]
Official website here: www.ercot.com
Where can I find the form 990 for Electric Reliability Council Of Texas Inc?
The Electric Reliability Council Of Texas Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ercot.com
Learn more at the official website: www.ercot.com
Mission Statement of Electric Reliability Council Of Texas Inc
Electric Reliability Council of Texas, or ERCOT, plays a vital role in ensuring a reliable electric grid and efficient electricity markets for the public. Located in the heart of Texas, this organization manages the flow of electricity to over 26 million customers in the state.
ERCOT's mission is multifaceted. It involves ensuring a dependable electric grid to cater to the energy needs of millions of residents. Moreover, the council oversees the competitive wholesale bulk-power market, successfully managing its financial settlements. This market allows consumers the freedom to choose their electricity providers. In competitive choice areas, ERCOT administers electric provider account switching, offering consumers the flexibility to make informed decisions regarding their energy providers.
The council's commitment to providing a reliable electric grid goes beyond mere electricity management. It includes the administration of the competitive wholesale bulk-power market, where electricity is bought and sold among various electricity providers. This competitive market not only drives innovation but also helps keep electricity prices competitive, benefiting the consumers.
Furthermore, ERCOT's efforts extend to the retail sector, where it administers electric provider account switching. This service allows Texas residents to freely choose their electricity providers, ensuring they receive the best possible service and pricing. Overall, Electric Reliability Council of Texas' mission is dedicated to serving the public by ensuring a reliable electric grid, efficient electricity markets, and the freedom to choose their electricity providers.
Impact
This information is meant to be a general summary of Electric Reliability Council Of Texas Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of the Electric Reliability Council Of Texas Inc is significant in ensuring a reliable grid, efficient electricity markets, open access, and retail choice for more than 26 million customers in the state of Texas. By successfully managing the flow of electricity and overseeing financial settlement in the competitive wholesale bulk-power market, ERCOT plays a crucial role in maintaining the stability and functionality of the electrical infrastructure in Texas. Its efforts have a direct impact on the daily lives of millions of individuals and businesses by ensuring a steady supply of electricity and facilitating choice in the energy market.
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.
ELECTRIC RELIABILITY P
Revenue
$206,743,473
SECURITIZATION CHARGES
Revenue
$80,789,223
MUNICIPAL SERVICE PROG
Revenue
$39,457,688
MEMBERSHIP DUES
Revenue
$417,620
Organization Details
Founding Year
1990
Phone
(512) 225-7000
Principal Officer
Pablo Vega
Main Address
8000 METROPOLIS DR BUILDING E 10, AUSTIN, TX, 78744
Website
www.ercot.com
NTEE Category
Code: W20 - Public benefit
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