Program areas at ERCOT
Ercot successfully manages the flow of electricity to more than 26 million customers in the state of Texas, which includes the management of financial settlement for the competitive wholesale bulk-power market and the administration of Electric provider account switching in competitive choice areas.
Ercot acts as the servicer and administrator for the subchapter n bonds. Under the Ercot nodal protocols relating to the subchapter n uplift balance securitization, Ercot bills market participants daily in amounts sufficient to provide payments of debt service and other required amounts and remits those funds to the trustee.
Ercot acts as the servicer and administrator for the subchapter m bonds. Under the Ercot nodal protocols relating to the subchapter m default balance securitization, Ercot bills market participants monthly in amounts sufficient to provide payments of debt service and other required amounts and remits those funds to the trustee.
Personnel at ERCOT
| Name | Title | Compensation | Date of data |
|---|
| Brad Jones | Board Member; Interim President and Chief Executive Officer | $620,831 | 2022-12-31 |
| Pablo Vegas | President and Chief Executive Officer | $929,253 | 2024-10-16 |
| Woody Rickerson | Senior Vice President and Chief Operating Officer | | 2024-10-16 |
| Sean Taylor | Vice President and Chief Financial Officer | $369,318 | 2023-07-27 |
| Jayapal Parakkuth | Senior Vice President and Chief Information Officer | $365,374 | 2024-10-16 |
| ...and 23 more key personnel |
Financials for ERCOT
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $327,408,004 | $252,435,343 | 29.7% |
| Investment income and dividends | $28,015,893 | $199,832 | 13919.7% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $355,423,897 | $252,635,175 | 40.7% |
Organizations like ERCOT
| Organization | Type | Location | Revenue |
|---|
| Georgia System Operations Corporation (GSOC) | 501(c)(4) | Tucker, GA | $92,308,341 |
| California Independent System Operator (CAISO) | 501(c)(3) | Folsom, CA | $255,713,716 |
| ISO New England (ISO-NE) | 501(c)(3) | Holyoke, MA | $210,813,398 |
| Midcontinent Independent System Operator (MISO) | 501(c)(4) | Carmel, IN | $460,845,431 |
| Southwest Power Pool (SPP) | 501(c)(6) | Little Rock, AR | $249,826,324 |
| Americans for Prosperity (AFP) | 501(c)(4) | Arlington, VA | $112,498,519 |
| Ulse | 501(c)(4) | Evanston, IL | $1,619,625,676 |
| Texas Association of School Boards | 501(c)(3) | Austin, TX | $91,430,991 |
| New York Independent System Operator (NYISO) | 501(c)(3) | Rensselaer, NY | $230,448,968 |
| Tides Advocacy | 501(c)(4) | San Francisco, CA | $89,227,147 |
Data update history
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 22, 2023
Updated personnel
Identified 5 new personnel
August 19, 2023
Used new vendors
Identified 2 new vendors, including , and
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 21 new personnel
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
Public policy
Characteristics
MembershipsState / local levelReceives government funding
General information
- Address
- 8000 Metropolis Dr Building E 10
- Austin, TX 78744
- Metro area
- Austin-Round Rock-Georgetown, TX
- County
- Travis County, TX
- Website URL
- ercot.com/Â
- Phone
- (512) 248-6800
IRS details
- EIN
- 74-2587416
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1990
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W20: Government and Public Administration
- NAICS code, primary
- 2211: Electric Power Generation, Transmission, and Distribution Establishments
- Parent/child status
- Independent
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