Overview
What is Texas Reliability Entity Inc?
Texas Reliability Entity Inc, headquartered in Texas, functions as one of six Regional Entities under North American Electric Reliability Corporation (NERC)'s delegation agreement. As the Electric Reliability Organization (ERO) in Texas, they play a crucial role in ensuring electric grid reliability and maintaining compliance with NERC regulations. This nonprofit organization aims to preserve the stability of the power grid, protecting the electricity consumers in Texas and contributing to the overall electric reliability across North America.
Official website here: www.texasre.org
Is Texas Reliability Entity Inc legitimate?
Texas Reliability Entity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Reliability Entity 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: $1,826,527
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,995,692
For more financial information, click here
What is the mission statement of Texas Reliability Entity Inc?
Texas Reliability Entity Inc serves as one of the six Regional Entities under a delegation agreement with North American Electric Reliability Corporation (NERC), acting as the Electric Reliability Organization. Based in Texas, this non-profit corporation plays a crucial role in ensuring electric reliability within its jurisdiction, collaborating with NERC to maintain the necessary standards and oversee electric infrastructure operations. Their primary objective is to promote and uphold electric reliability through strict adherence to industry regulations and effective collaboration with industry stakeholders.
Official website here: www.texasre.org
Who is the CEO of Texas Reliability Entity Inc?
Jim Albright is the President & Ceo of Texas Reliability Entity Inc. The CEO's salary of Texas Reliability Entity Inc is $481,380 and their total compensation is $537,969.
Official website here: www.texasre.org
What is the revenue of Texas Reliability Entity Inc?
Texas Reliability Entity Inc's revenue in 2022 was $15,905,747.
Official website here: www.texasre.org
Who are the executives of Texas Reliability Entity Inc and what are their salaries?
The average compensation at Texas Reliability Entity Inc during 2022 was $119,219. There are 74 employees and 2 volunteers at Texas Reliability Entity Inc.
Here are 15 key members and their salaries (Texas Reliability Entity Inc's CEO's salary is $481,380 and their total compensation is $537,969):
- Jim Albright (President & Ceo) [Trustee/Director]
- Joseph Younger (Vice President & Coo)
- Derrick Davis (General Counsel & Secretary)
- William Crews (Director, Compliance)
- Mark Henry (Director, Reliability Srvcs)
- Judy Foppiano (Cfo & Dir Of Corp Srvcs)
- Joseph Richards (Director, It Infrastructure)
- Paul Curtis (Deputy General Counsel)
- David Penney (Principal, Sr.)
- Milton Lee (Board Chair) [Trustee/Director]
- Suzanne Spaulding (Aud,Gov,& Fin. Committee Chair) [Trustee/Director]
- Crystal Ashby (Board Vice Chair) [Trustee/Director]
- Jeffrey Corbett (Director)
- Curt D Brockmann (Affliated Director)
- Daniela Hammons (Affliated Director)
Official website here: www.texasre.org
Where can I find the form 990 for Texas Reliability Entity Inc?
The Texas Reliability Entity Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.texasre.org
Learn more at the official website: www.texasre.org
Mission Statement of Texas Reliability Entity Inc
Texas Reliability Entity Inc, also known as Texas RE, is a Texas-based non-profit organization with a significant role in ensuring electric reliability in the region. It holds one of the six Regional Entity designations under a delegation agreement with North American Electric Reliability Corporation (NERC), serving as the Electric Reliability Organization (ERO).
In simpler terms, Texas RE is responsible for maintaining the electric grid's dependability and reliability within its jurisdiction. As a key player under NERC, it coordinates efforts to prevent power outages, manage emergencies, and implement necessary improvements in the electric infrastructure. Texas RE's mission is to uphold the highest standards of electric reliability, ensuring a consistent power supply for all consumers and businesses in its region.
The organization's collaboration with North American Electric Reliability Corporation (NERC) underscores its commitment to maintaining a strong and reliable electric grid. By collectively addressing potential issues, implementing mandatory reliability standards, and fostering a culture of preparedness, Texas RE plays a crucial role in safeguarding the electric infrastructure and ensuring a stable power supply for its consumers.
Impact
This information is meant to be a general summary of Texas Reliability Entity Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Texas Reliability Entity Inc, as one of the six Regional Entities under a delegation agreement with the North American Electric Reliability Corporation (NERC), plays a crucial role in ensuring the reliability and security of the electric grid in Texas. By working in partnership with NERC as the Electric Reliability Organization, Texas RE helps to establish and enforce standards that promote the stability and resilience of the grid. This impact directly contributes to the efficient operation of the electricity system in Texas, safeguarding the state's energy supply and supporting the well-being of its residents and businesses.
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.
PENALTY SANCTION
Revenue
$851,912
Organization Details
Founding Year
2010
Phone
(512) 583-4900
Principal Officer
Jim Albright
Main Address
8000 METROPOLIS DR BLDG A STE 300, AUSTIN, TX, 78744
Website
www.texasre.org
NTEE Category
Code: W80 - Public benefit
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