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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $10,605,484
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,250,734
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 Vegas is the CEO of Electric Reliability Council Of Texas Inc The CEO's salary of Electric Reliability Council Of Texas Inc is $2,126,425 and their total compensation is $2,202,179.
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 2023 was $488,027,967.
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 2023 was $136,451. There are 959 employees and 10 volunteers at Electric Reliability Council Of Texas Inc.
Here are 30 key members and their salaries (Electric Reliability Council Of Texas Inc's CEO's salary is $2,126,425 and their total compensation is $2,202,179):
- Compensation: $2,126,425
- Related: $0
- Other: $75,754
- Compensation: $150,052
- Related: $0
- Other: $0
- Compensation: $123,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $129,750
- Related: $0
- Other: $0
- Compensation: $123,500
- Related: $0
- Other: $0
- Compensation: $80,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $138,802
- Related: $0
- Other: $0
- Compensation: $138,802
- Related: $0
- Other: $0
- Compensation: $965,184
- Related: $0
- Other: $77,103
- Compensation: $638,708
- Related: $0
- Other: $80,938
- Compensation: $554,962
- Related: $0
- Other: $73,285
- Compensation: $552,368
- Related: $0
- Other: $55,317
- Compensation: $544,802
- Related: $0
- Other: $55,340
- Compensation: $515,684
- Related: $0
- Other: $80,049
- Compensation: $494,853
- Related: $0
- Other: $75,213
- Compensation: $443,420
- Related: $0
- Other: $75,437
- Compensation: $448,177
- Related: $0
- Other: $60,938
- Compensation: $432,176
- Related: $0
- Other: $74,439
- Compensation: $431,032
- Related: $0
- Other: $71,327
- Compensation: $301,666
- Related: $0
- Other: $71,665
- Compensation: $292,915
- Related: $0
- Other: $51,900
- Compensation: $397,477
- Related: $0
- Other: $75,182
- Compensation: $379,416
- Related: $0
- Other: $55,635
- Compensation: $338,717
- Related: $0
- Other: $67,568
- Compensation: $316,760
- Related: $0
- Other: $55,596
- Compensation: $297,241
- Related: $0
- Other: $71,288
- Compensation: $255,630
- Related: $0
- Other: $54,871
- Compensation: $239,178
- Related: $0
- Other: $65,464
Official website here: www.ercot.com
Where can I find the form 990 for Electric Reliability Council Of Texas Inc?
Electric Reliability Council Of Texas Inc's most recent form 990 was submitted in 2023 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.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Electric Reliability Council of Texas (ERCOT) plays a crucial role in managing the electricity flow for over 26 million customers across the state. By overseeing the operation of the state's electrical grid, ERCOT ensures that energy supply meets demand effectively, contributing to a reliable power system. Its administration of financial settlements in the competitive wholesale bulk-power market helps maintain fair pricing and efficient market operations. Additionally, ERCOT facilitates electric provider account switching in competitive choice areas, promoting consumer options and control over their energy sources. This organization is central to maintaining an efficient, transparent electricity market while ensuring the stability and reliability of the energy grid in Texas.
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.
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 2023.
- Investment Income: $113,162,041
- Program Service Revenue: $374,865,926
- Gross Receipts: $488,027,967
Assets and Liabilities:
- Total Assets: $6,964,387,654
- Total Liabilities: $6,809,285,480
- Net Assets: $155,102,174
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SYSTEM ADMINISTRATION
Revenue
$247,479,363
SECURITIZATION CHARGES
Revenue
$114,541,781
WEATHERIZATION INSPECT
Revenue
$4,633,307
CONNECTIVITY TO ERCOT
Revenue
$4,557,721
WAN
Revenue
$2,469,608
Organization Details
Founding Year
1990
Principal Officer
Pablo Vegas
Website
www.ercot.comNTEE Category
Code: W800 - Public benefit
If you are a representative of Electric Reliability Council Of Texas Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.