Overview
What is Wspp Inc?
Wspp Inc, headquartered at 505 9th Street NW, Washington DC, is a nonprofit organization dedicated to facilitating the purchase and sale of wholesale power among its members, as outlined in the WSPP Agreement. The organization, approved by the Federal Energy Regulatory Commission (FERC), serves as a platform for related activities, providing education and training to its members. It acts as a liaison between the FERC and its members, addressing common interests under the Federal Power Act. Wspp Inc also focuses on matters related to electricity markets, addressing legal and regulatory aspects that may impact these markets.
Official website here: www.wspp.org
Is Wspp Inc legitimate?
Wspp Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Wspp 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.
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Official website here: www.wspp.org
What is the mission statement of Wspp Inc?
Wspp Inc's primary mission is to oversee the Wspp Agreement, a federally approved contract that allows members to buy and sell wholesale power. The organization conducts related activities, including member education, with the aim of facilitating transactions between members. They hold meetings to propose and consider changes to the agreement, interact with the Federal Energy Regulatory Commission (FERC) on members' behalf, and provide educational resources on topics such as electricity markets and regulatory matters.
Official website here: www.wspp.org
Who is the CEO of Wspp Inc?
Duane Morris Llp is the Principal Officer of Wspp Inc.
Official website here: www.wspp.org
What is the revenue of Wspp Inc?
Wspp Inc's revenue in 2022 was $772,288.
Official website here: www.wspp.org
Who are the executives of Wspp Inc and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.wspp.org
Where can I find the form 990 for Wspp Inc?
Wspp Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wspp.org
Learn more at the official website: www.wspp.org
Mission Statement of Wspp Inc
Wspp Inc, a nonprofit organization, is dedicated to serving its members by administering the Wspp Agreement, a federally filed and approved agreement that enables members to purchase and sell wholesale power to one another. The organization's primary mission is to conduct related activities, including member education. Wspp Inc plays a crucial role in facilitating meetings among its members to discuss and decide on potential changes to the Wspp Agreement, which then undergoes consideration by the Federal Energy Regulatory Commission (FERC).
In addition to organizing meetings and proposing changes to the FERC, Wspp Inc serves as a mediator between its members and the FERC, addressing common issues of interest under the Federal Power Act. The organization also provides its members with education and training, focusing on the relationship between reliability criteria in regional reliability organizations and bilateral electricity markets. Furthermore, Wspp Inc offers insights on legal and regulatory matters that may impact electricity markets, ensuring its members are well-informed and equipped to navigate the complex world of energy trade.
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Impact
October, 2024
Wspp Inc plays a critical role in the wholesale electricity market by administering the WSPP Agreement, which facilitates the buying and selling of wholesale power among its members. This agreement enhances market efficiency, enabling members to optimize their energy procurement strategies and manage supply effectively.
By conducting member meetings, Wspp Inc promotes transparency and collaboration, allowing participants to discuss and implement changes to the WSPP Agreement that align with the evolving energy landscape. These discussions are vital as they prepare proposals for review by the Federal Energy Regulatory Commission (FERC), ensuring that members have a voice in regulatory processes that impact their operations.
Additionally, Wspp Inc provides essential education and training, bridging the knowledge gap regarding reliability standards set by regional organizations and the nuances of bilateral electricity markets. This educational component empowers members with the necessary tools to navigate legal and regulatory challenges, fostering a more informed and resilient member base.
Overall, Wspp Inc's activities promote a structured and efficient wholesale power market, contributing to the stability and reliability of electricity delivery while facilitating informed decision-making among its members.
This information is meant to be a general summary of Wspp 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 2022.
- Investment Income: $53,283
- Program Service Revenue: $719,005
- Gross Receipts: $772,288
Assets and Liabilities:
- Total Assets: $3,130,646
- Total Liabilities: $0
- Net Assets: $3,130,646
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSE
Revenue
$609,125
SPONSORSHIPS
Revenue
$62,000
REGISTRATION FEES
Revenue
$47,880
Organization Details
Founding Year
1991
Phone
(202) 776-5220Principal Officer
Duane Morris Llp
Main Address
505 9TH STREET NW 1000, WASHINGTON, DC, 200042166
Website
www.wspp.orgIf you are a representative of Wspp 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.