Overview
What is Midcontinent Independent System Operator Inc?
Midcontinent Independent System Operator Inc, or MISO, is a Delaware non-stock, nonprofit corporation based in Carmel, Indiana, established in 1998. Governed by an independent board of directors, it became the first Regional Transmission Organization (RTO) approved by the Federal Energy Regulatory Commission (FERC) on December 19, 2001. As an RTO, MISO provides transmission services on behalf of its 50 members who own transmission assets. Additionally, it is a North American Electric Reliability Corporation (NERC) certified Reliability Coordinator, monitoring the flow of electricity over the transmission systems of its members. MISO employs 1183 individuals and oversees transmission lines, electric generation, and approximately $37.9 billion in installed gross transmission assets. Its mission is to monitor and control the electric transmission system to provide non-discriminatory open-access to all customers and ensure safe, reliable, and efficient operation for the benefit of all customers. MISO began providing operational services on February 1, 2002, and introduced a market-based congestion management system in 2005, which includes the Day-Ahead Energy Market, Real-Time Energy Market, Financial Transmission Rights (FTR) Market, and Ancillary Services Market.
Official website here: www.misoenergy.org
Is Midcontinent Independent System Operator Inc legitimate?
Midcontinent Independent System Operator Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Midcontinent 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $17,642,226
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,727,451
For more financial information, click here
What is the mission statement of Midcontinent Independent System Operator Inc?
Midcontinent Independent System Operator Inc (MISO) is a non-profit organization that ensures safe, reliable, and efficient operation of the electric transmission system for the benefit of all customers. As the nation's first Regional Transmission Organization (RTO) approved by the Federal Energy Regulatory Commission (FERC), MISO provides transmission service on behalf of its members and acts as a North American Electric Reliability Corporation (NERC) certified reliability coordinator. Established in 1998, MISO monitors the flow of electricity over the transmission systems of its members, offering services such as operations planning, generation interconnection, maintenance coordination, long-term regional planning, market monitoring, and dispute resolution. MISO operates market-based congestion management systems, including day-ahead and real-time energy markets, financial transmission rights (FTR) market, and a market for ancillary services, which make efficient use of all generation and transmission resources within the region.
Official website here: www.misoenergy.org
Who is the CEO of Midcontinent Independent System Operator Inc?
John Bear is the Ceo of Midcontinent Independent System Operator Inc. The CEO's salary of Midcontinent Independent System Operator Inc is $3,250,319 and their total compensation is $3,651,821.
Official website here: www.misoenergy.org
What is the revenue of Midcontinent Independent System Operator Inc?
Midcontinent Independent System Operator Inc's revenue in 2022 was $460,845,431.
Official website here: www.misoenergy.org
Who are the executives of Midcontinent Independent System Operator Inc and what are their salaries?
The average compensation at Midcontinent Independent System Operator Inc during 2022 was $136,407. There are 1,183 employees at Midcontinent Independent System Operator Inc.
Here are 30 key members and their salaries (Midcontinent Independent System Operator Inc's CEO's salary is $3,250,319 and their total compensation is $3,651,821):
- John Bear (Ceo) [Trustee/Director]
- Clair Moeller (President)
- Richard Doying (Exec Vp Markt Dvlpmnt Strategy)
- Melissa Brown (Senior Vp & Cfo)
- Andre Porter (Vp & General Counsel)
- Jennifer Curran (Svp - Plan & Op & Chief Comp. Off.)
- Todd Hillman (Svp & Chief Customer Officer)
- Todd Ramey (Svp & Chief Digital Officer)
- Richard Wayne Schug (Vp - Strat & Bus Dvlpmnt)
- Keri Glitch (Vp & Chief Info Security)
- Melissa Seymour (Vp - External Affairs (Beg 4/22))
- Timothy Caister (Deputy General Counsel)
- Renuka Chatterjee (Vp - Operations (Beg 4/22))
- Kristina Tridico (Deputy General Counsel)
- Aubrey Johnson (Vp - System Planning (Beg 4/22))
- Brian Tulloh (E.D. External Affairs)
- Allegra Nottage (Vp - Hr & Chief Diversity Officer)
- Kevin Caringer (E.D. Standards & Assurance)
- Kurt Bilas (E.D. Federal Gov Relations)
- Gregory Powell (Vp - Human Resources (Thru 1/22))
- John Carl Goode (Former Officer)
- Todd Raba (Director)
- Nancy Lange (Director)
- Barbara Krumsiek (Director)
- Horace Doggett (Director)
- Phyllis Currie (Director)
- Theresa Wise (Director)
- Mark Johnson (Director)
- Robert Lurie (Director)
- Jody Davids (Director)
Official website here: www.misoenergy.org
Where can I find the form 990 for Midcontinent Independent System Operator Inc?
The Midcontinent Independent System Operator Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.misoenergy.org
Learn more at the official website: www.misoenergy.org
Mission Statement of Midcontinent Independent System Operator Inc
Midcontinent Independent System Operator Inc, also known as MISO, is a non-profit organization dedicated to monitoring and controlling the electric transmission system to ensure safe, reliable, and efficient operation for all customers. Established in March 1998, MISO became the nation's first Regional Transmission Organization (RTO) approved by the Federal Energy Regulatory Commission (FERC) in December 2001. In this role, MISO provides transmission service on behalf of its members who own transmission assets and is also a North American Electric Reliability Corporation (NERC) certified reliability coordinator.
MISO's primary mission is to provide non-discriminatory open-access to all customers and ensure the safe, reliable, and efficient operation of the electric transmission system for the benefit of all. To accomplish this, MISO operates a market-based congestion management system, which includes day-ahead and real-time energy markets, financial transmission rights (FTR) market, and an ancillary services market. These markets make the most efficient use of all generation and transmission resources within the region based on bids and offers submitted by market participants. They also price transmission system congestion through location marginal pricing algorithms and provide a means of hedging LMP-based congestion costs. MISO began operating the ancillary services market and became an NERC-certified balancing authority in January 2009.
Impact
This information is meant to be a general summary of Midcontinent 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
Midcontinent Independent System Operator Inc plays a crucial role in monitoring and controlling the electric transmission system, ensuring non-discriminatory open access to all customers. They prioritize safe, reliable, and efficient operation for the benefit of all customers. As the first regional transmission organization approved by the Federal Energy Regulatory Commission, MISO has established itself as a key player in the energy sector. With a significant number of transmission owners and extensive transmission assets under its purview, MISO's operations have a widespread impact on the electric energy market. Their market-based congestion management system, including day-ahead and real-time energy markets, plays a pivotal role in optimizing generation and transmission resources efficiently. Additionally, MISO's services such as regulation and contingency reserves procurement contribute to maintaining grid reliability. Overall, Midcontinent Independent System Operator Inc's activities are instrumental in promoting a reliable and competitive energy market while ensuring a fair and accessible system for all stakeholders.
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.
COST RECOVERY ADDER
Revenue
$321,019,282
FERC ASSESSMENT
Revenue
$68,171,151
ENGINEERING STUDIES
Revenue
$20,810,199
CONTRACT REVENUE
Revenue
$448,830
OTHER TARIFF REVENUE
Revenue
$284,590
Organization Details
Founding Year
1998
Phone
(317) 249-5400
Principal Officer
John Bear
Main Address
720 CITY CENTER DR, CARMEL, IN, 46032
Website
www.misoenergy.org
NTEE Category
Code: W80 - Public benefit
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