Overview
What is New York Independent System Operator Inc?
The New York Independent System Operator Inc, headquartered at 10 Krey Boulevard in Rensselaer, New York, is a nonprofit organization governed by an independent board of directors and a committee structure. It is subject to the oversight of both the Federal Energy Regulatory Commission and the New York State Public Service Commission. The organization's primary responsibility is to ensure power system reliability and competitive markets in New York while transitioning to a clean energy future. NYISO manages more than 11,000 circuit-miles of high-voltage transmission lines, connecting over 700 power generating units, on a minute-to-minute basis, 24 hours a day. They administer and monitor New York's wholesale electricity markets, involving over 400 market participants in daily and hourly auctions. Long-term planning assessments of New York State's electricity resources and power needs, as well as evaluating the feasibility of proposed projects, are also part of their initiatives. NYISO provides authoritative and objective data and analysis on energy issues to stakeholders and collaborates with them to build the cleanest, most reliable electric system in the nation.
Official website here: www.nyiso.com
Is New York Independent System Operator Inc legitimate?
New York Independent System Operator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Independent System Operator 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: $12,222,760
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,402,860
For more financial information, click here
What is the mission statement of New York Independent System Operator Inc?
The New York Independent System Operator Inc (NYISO) is committed to ensuring power system reliability and competitive markets in New York as it transitions to a clean energy future. With a vision to build the cleanest, most reliable electric system in the nation, NYISO collaborates with stakeholders to achieve this goal. NYISO operates the bulk electricity grid in New York State and manages the flow of power on over 11,000 circuit-miles of high-voltage transmission lines. The organization administers and monitors New York's wholesale electricity markets, involving more than 400 market participants in daily and hourly auctions. NYISO conducts long-term planning assessments of New York State's electricity resources and evaluates the feasibility of proposed projects to meet future power needs. The organization provides authoritative and objective data and analysis on energy issues to policy makers, regulators, market participants, and other stakeholders. NYISO develops and deploys communications and data management systems to optimize the dispatch of power on the bulk power system and implement wholesale electricity market design.
Official website here: www.nyiso.com
What is the revenue of New York Independent System Operator Inc?
New York Independent System Operator Inc's revenue in 2022 was $213,525,939.
Official website here: www.nyiso.com
Who are the executives of New York Independent System Operator Inc and what are their salaries?
The average compensation at New York Independent System Operator Inc during 2022 was $122,905. There are 656 employees at New York Independent System Operator Inc.
Here are 35 key members and their salaries (New York Independent System Operator Inc's CEO's salary is $1,710,829 and their total compensation is $2,135,185):
- Richard J Dewey (President & Chief Executive Officer) [Trustee/Director]
- Robert Fernandez (Executive Vice President, General Counsel & Chief Compliance Officer)
- Emilie R N Chrapowitzky (Executive Vice President)
- Ricardo T Gonzales (Senior Vice President Of Operations & Chief Operating Officer)
- Douglas Chapman (Senior Vice President, Chief Information Officer)
- Rana Mukerji (Senior Vice President, Market Structures)
- Wesley J Yeomans (Vice President, Operations)
- Kevin Lanahan (Vice President, External Affairs)
- Cheryl L Hussey (Vice President, Chief Financial Officer)
- Zachary G Smith (Vice President, System & Resource Planning)
- Robert A Pike (Vice President, Market Operations)
- Karen G Gach (Deputy General Counsel)
- Deneen Byrne (Vice President, Human Resources)
- Aaron D Markham (Vice President, Operations)
- Raymond W Stalter (Director, Regulatory Affairs)
- Matthew A Anglin (Director Of Enterprise Security & Ciso)
- Ryan Smith (Director Of It Software Technology)
- Shaun P Johnson (Director, Market Mitigation & Analysis)
- Michael Desocio (Director Of Market Design)
- Juliann Madera (Director Of Internal Audit)
- Michael Stahl (Senior Manager It Infrastructure & Operations)
- Martin Silverman (Director Of Internal Audit)
- Diane L Egan (Corp Secretary & Secretary To Board)
- Kevin Pytel (Senior Manager Of Product & Project Management)
- Daniel C Hill (Chair, Board Of Directors)
- Todd P Romansky (Manager, It Operations & Service Mgmt)
- Eric Adams (Manager, Facilities)
- Teresa Marrinan (Director)
- Michael B Bemis (Director)
- Joseph P Oates (Director)
- Mark Lynch (Director)
- David Hill (Director)
- Ave M Bie (Director)
- Roger B Kelley (Director)
- Gizman Abbas (Director)
Official website here: www.nyiso.com
Where can I find the form 990 for New York Independent System Operator Inc?
The New York Independent System Operator Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.nyiso.com
Learn more at the official website: www.nyiso.com
Mission Statement of New York Independent System Operator Inc
New York Independent System Operator Inc, or NYISO, is a mission-driven organization with a primary goal of ensuring power system reliability and competitive markets in New York as the state transitions to a clean energy future. Working in collaboration with stakeholders, NYISO aspires to build the cleanest, most reliable electric system in the nation.
Governed by an independent board of directors and overseen by various regulatory bodies, including the Federal Energy Regulatory Commission and the New York State Public Service Commission, NYISO's operations are subject to strict oversight. The organization is dedicated to operating the bulk electricity grid in New York State, managing the flow of power on more than 11,000 circuit-miles of high-voltage transmission lines, from over 700 power generating units, on a minute-to-minute basis, 24 hours-a-day, seven days-a-week. NYISO's responsibilities extend to administering and monitoring New York's wholesale electricity markets, involving over 400 market participants in daily and hourly auctions that match buyers and sellers of power.
NYISO's long-term planning assessments evaluate New York State's electricity resources and power needs, as well as the feasibility of proposed projects to meet those needs. The organization provides authoritative and objective data and analysis on energy issues to policymakers, regulators, market participants, and other stakeholders. Additionally, NYISO develops and deploys communications and data management systems to optimize the dispatch of power on the bulk power system and implement wholesale electricity market design. With a commitment to serving the public interest and benefiting consumers, NYISO plays a crucial role in maintaining power system reliability and promoting competitive markets in New York's clean energy future.
Impact
This information is meant to be a general summary of New York Independent System Operator Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
New York Independent System Operator Inc plays a crucial role in ensuring power system reliability and competitive markets for New York in a clean energy future. Governed by an independent board of directors and a committee structure comprised of stakeholder representatives, NYISO operates the bulk electricity grid in New York State. This involves managing the flow of power on over 11,000 circuit-miles of high-voltage transmission lines from more than 700 power generating units on a minute-to-minute basis, 24 hours a day, seven days a week.
Additionally, the organization administers and monitors New York's wholesale electricity markets, facilitating transactions involving over 400 market participants in daily and hourly auctions. NYISO also conducts long-term planning assessments of the state's electricity resources and power needs, evaluating the feasibility of projects proposed to meet those needs.
By providing authoritative and objective data and analysis on energy issues to policymakers, regulators, market participants, and other stakeholders, NYISO contributes to informed decision-making in the energy sector. Moreover, its development and deployment of communication and data management systems optimize the dispatch of power on the bulk power system and help implement wholesale electricity market design.
Overall, New York Independent System Operator Inc's efforts to serve the public interest and provide benefits to consumers make it a key player in advancing a cleaner, more reliable electric system for New York State.
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.
TRANSMISSION TARIFF
Revenue
$179,693,754
FERC FEES RECOVERY
Revenue
$15,120,369
PLANNING STUDIES REVENUE
Revenue
$15,952,804
GOVERNANCE COMMITTEE FEES
Revenue
$451,700
WIND FORECASTING SUBSCRIPTION
Revenue
$329,722
Organization Details
Founding Year
1997
Phone
(518) 356-6000
Main Address
10 KREY BOULEVARD FINANCE, RENSSELAER, NY, 12144
Website
www.nyiso.com
NTEE Category
Code: W80 - Public benefit
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