Overview
What is California Independent System Operator Corporation?
The California Independent System Operator Corporation is a nonprofit organization headquartered at 250 Outcropping Way, Folsom, CA 95630. Its primary function is to manage and operate an integrated electricity transmission grid in most of California and certain facilities in Nevada, maintaining efficient and reliable operation in accordance with the California Public Utility Code. The corporation does not own the transmission facilities but controls their operation, ensuring fair transmission access and environmental stewardship. They aim to provide accurate and timely information to promote effective markets and infrastructure development, benefiting their customers through reliable and efficient power management. With a workforce of 762 employees, they operate the grid in a manner that promotes openness and facilitates infrastructure development.
Official website here: www.caiso.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
California Independent System Operator Corporation has received a Three-Star rating from Charity Navigator, indicating a solid performance in its operations. The organization boasts a strong Accountability & Finance score of 81%, reflecting its commitment to transparency and effective financial management. Notable strengths include an entirely independent board, a high program expense ratio of 88.67%, and a robust system for oversight, including comprehensive policies on conflict of interest and whistleblower protections.
The independent board composition and effective audit and oversight practices demonstrate the organization's dedication to governance standards, which are key indicators of reliability for potential donors and stakeholders. The fact that there have been no material diversions of assets further reinforces the trustworthiness of California Independent System Operator Corporation in its financial dealings and operational integrity.
While the organization has performed well in these areas, the overall Three-Star rating suggests there may be room for improvement in some aspects of its governance or outreach efforts to achieve a higher rating. Nonetheless, it remains a reputable entity that upholds significant financial accountability and effective programmatic spending.
This AI summary has been generated from information found on Charity Navigator.
Is California Independent System Operator Corporation legitimate?
California Independent System Operator Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Independent System Operator Corporation 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: $12,557,801
Professional Fundraising Fees: $0
Other Salaries and Wages: $125,806,166
For more financial information, click here
Official website here: www.caiso.com
What is the mission statement of California Independent System Operator Corporation?
The California Independent System Operator Corporation is dedicated to ensuring the efficient use and reliable operation of the electric transmission grid under its control, in accordance with the California Public Utility Code. The organization does not own transmission facilities but manages the operation of a network spanning most of California and certain facilities in Nevada. The corporation's primary objectives include:
1. Operating the grid reliably and efficiently
2. Providing fair and open transmission access
3. Promoting environmental stewardship
4. Facilitating effective markets
5. Encouraging infrastructure development
All of these efforts are carried out through the provision of timely and accurate information, ensuring a stable and efficient electric grid system for the benefit of its customers.
Official website here: www.caiso.com
Who is the CEO of California Independent System Operator Corporation?
Stephen Berberich is the CEO of California Independent System Operator Corporation The CEO's salary of California Independent System Operator Corporation is $121,540 and their total compensation is $121,540.
Official website here: www.caiso.com
What is the revenue of California Independent System Operator Corporation?
California Independent System Operator Corporation's revenue in 2023 was $272,540,764.
Official website here: www.caiso.com
Who are the executives of California Independent System Operator Corporation and what are their salaries?
The average compensation at California Independent System Operator Corporation during 2023 was $178,534. There are 775 employees at California Independent System Operator Corporation.
Here are 25 key members and their salaries (California Independent System Operator Corporation's CEO's salary is $121,540 and their total compensation is $121,540):
- Compensation: $86,500
- Related: $0
- Other: $0
- Compensation: $86,500
- Related: $0
- Other: $0
- Compensation: $84,500
- Related: $0
- Other: $0
- Compensation: $73,500
- Related: $0
- Other: $0
- Compensation: $53,000
- Related: $0
- Other: $0
- Compensation: $23,556
- Related: $0
- Other: $0
- Compensation: $1,846,626
- Related: $0
- Other: $190,581
- Compensation: $1,277,563
- Related: $0
- Other: $193,781
- Compensation: $891,866
- Related: $0
- Other: $142,299
- Compensation: $796,217
- Related: $0
- Other: $132,830
- Compensation: $786,164
- Related: $0
- Other: $111,684
- Compensation: $776,411
- Related: $0
- Other: $119,247
- Compensation: $739,342
- Related: $0
- Other: $134,989
- Compensation: $712,621
- Related: $0
- Other: $123,780
- Compensation: $667,307
- Related: $0
- Other: $116,199
- Compensation: $623,063
- Related: $0
- Other: $109,474
- Compensation: $556,924
- Related: $0
- Other: $102,710
- Compensation: $470,277
- Related: $0
- Other: $67,648
- Compensation: $387,997
- Related: $0
- Other: $72,645
- Compensation: $479,897
- Related: $0
- Other: $86,265
- Compensation: $475,345
- Related: $0
- Other: $77,219
- Compensation: $448,976
- Related: $0
- Other: $93,670
- Compensation: $411,356
- Related: $0
- Other: $77,996
- Compensation: $392,672
- Related: $0
- Other: $79,557
- Compensation: $121,540
- Related: $0
- Other: $0
Official website here: www.caiso.com
Where can I find the form 990 for California Independent System Operator Corporation?
California Independent System Operator Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.caiso.com
Learn more at the official website: www.caiso.com
Mission Statement of California Independent System Operator Corporation
California Independent System Operator Corporation, or CalISO, is a vital organization dedicated to ensuring the efficient use and reliable operation of the electric transmission grid in California and parts of Nevada. The corporation does not own transmission facilities but holds operational control over a network of transmission lines and facilities, managed by the grid's owners who have transferred control to CalISO.
CalISO's mission is multifaceted. It strives to operate the grid reliably and efficiently while adhering to the California Public Utility Code. The corporation provides fair and open transmission access, promoting a level playing field for various stakeholders. CalISO is committed to environmental stewardship, working to minimize the impact of electricity production on the environment. Furthermore, it facilitates effective markets and infrastructure development by providing accurate and timely information.
The corporation plays a crucial role in managing the grid, ensuring a stable electricity supply for its customers. By reliably operating the transmission system, CalISO guarantees energy availability and helps prevent power outages. The provision of fair and open transmission access allows various energy producers to compete and sell their electricity in the market, ensuring a diverse and competitive energy mix.
CalISO's commitment to environmental stewardship involves implementing measures to minimize the carbon footprint of electricity production and promote the adoption of renewable energy sources. By facilitating effective markets and promoting infrastructure development, CalISO encourages investment in new energy technologies and contributes to the growth of a sustainable energy ecosystem.
In summary, California Independent System Operator Corporation is an indispensable entity that operates and manages the electric transmission grid in California and Nevada, ensuring its efficient and reliable use while promoting fair access, environmental stewardship, and effective markets.
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Impact
October, 2024
The California Independent System Operator Corporation (California ISO) plays a critical role in managing and optimizing California's electricity transmission grid. By ensuring the reliable and efficient operation of this integrated network, California ISO directly impacts energy availability and stability for millions of residents and businesses. Its mission emphasizes compliance with the California Public Utility Code while fostering environmental stewardship and promoting effective markets.
California ISO facilitates open access to transmission services, which encourages competition among energy providers and leads to fair pricing for consumers. Additionally, the organization does not own transmission facilities but controls operations, allowing for coordinated management of a vast network that extends beyond California into parts of Nevada. This operational control enhances regional reliability and supports a cohesive energy market.
Moreover, California ISO is committed to promoting infrastructure development, which aids in accommodating the growing demand for renewable energy sources. By offering timely and accurate information, the organization ensures that all stakeholders can make informed decisions, thereby supporting the transition to a more sustainable energy future. Overall, California ISO's actions have a substantial impact on energy efficiency, market fairness, and environmental responsibilities within California and the broader region.
This information is meant to be a general summary of California Independent System Operator Corporation. 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: $10,311,807
- Program Service Revenue: $262,371,154
- Gross Receipts: $413,987,168
Assets and Liabilities:
- Total Assets: $1,587,900,049
- Total Liabilities: $1,376,988,959
- Net Assets: $210,911,090
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRID MANAGEMENT REVENUES
Revenue
$197,210,036
RELIABILITY COORDINATOR
Revenue
$19,776,651
WEIM REVENUES
Revenue
$16,479,535
LGIP REVENUES
Revenue
$14,558,826
NODAL PRICING
Revenue
$8,400,000
Organization Details
Founding Year
1997
Principal Officer
Elliot Manzer
Website
www.caiso.comNTEE Category
Code: W99 - Public benefit
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