EIN 04-3372500

ISO New England (ISO-NE)

IRS 501(c) type
501(c)(3)
Num. employees
705
Year formed
1997
Most recent tax filings
2023-12-01
Description
ISO New England (ISO-NE) helps protect the health of New England's economy and the well-being of its people by ensuring the constant availability of electricity, today and for future generations. ISO New England meets this obligation in three ways: by ensuring the day-to-day reliable operation of New England's bulk power generation and transmission system, by overseeing and ensuring the fair administration of the region's wholesale electricity markets, and by managing comprehensive, regional planning processes.
Total revenues
$235,600,056
2023
Total expenses
$235,600,056
2023
Total assets
$513,103,203
2023
Num. employees
705
2023

Program areas at ISO-NE

Iso New England Inc. (iso-ne) is the not-for-profit organization authorized by the federal government to perform three critical activities to ensure the reliable supply of electricity throughout New England. Through its first activity, energy administration, iso-ne ensures the constant availability of competitively priced electricity for the region's 15.1 million residents by designing, refining, and administering, in a fair and unbiased manner, the region's wholesale electricity markets. During 2023, iso-ne was responsible for the fair administration of approximately $6 billion of market transactions.
Through its third activity, scheduling services, iso-ne forecasts and schedules the electricity needed in the region for every second of every day and ensures there is enough electricity generated to meet demand as well as resources needed to maintain stringent reliability criteria. In conducting this activity, iso-ne: (i) monitors the flow of electricity into, out of, and over New England's high-voltage transmission system and (ii) schedules hundreds of diverse power resources and transmission components to supply just the right amount of electricity to meet the region's demand and required reserve margin. Iso-ne is responsible for ensuring that the grid can withstand the sudden loss of a power plant or transmission equipment caused by weather, mechanical failure, or other triggers.
Through its second activity, reliability administration, iso-ne ensures the reliable day-to-day operation of the region's high voltage transmission system. Among other activities, this involves: (i) coordinating the operation of the region's more than 350 dispatchable power plants and 9,000 miles of high voltage transmission lines; (ii) managing the movement of high-voltage electricity into, within, and out of New England; (iii) ensuring that the six-state New England region has the power system resources necessary to meet consumer demand for electricity and federally-mandated reliability requirements; (iv) coordinating how transmission lines, generation, and other resources connect to and operate on the power grid reliably; and (v), working with the industry to develop transmission infrastructure solutions that are essential for maintaining power system reliability. During 2023 iso-ne coordinated the generation and transmission of the approximately 114,700 gigawatt-hours of power consumed in the region.

Grants made by ISO-NE

GranteeGrant descriptionAmount
University of MassachusettsSupport for the College of Engineering Industry Partner Program for the Academic Year 2023$7,500

Personnel at ISO-NE

NameTitleCompensation
Gordon van WeliePresident and Chief Executive Officer$1,924,952
Vamsi ChadalavadaExecutive Vice President and Chief Operating Officer$1,432,935
Robert C. LudlowVice President and Chief Financial and Compliance Officer$708,378
Anne C. GeorgeVice President , Chief External Affairs and Communications Officer$528,210
Kerim MayChief Counsel , Capacity Market / Senior Regulatory Counsel$347,564
...and 29 more key personnel

Financials for ISO-NE

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$233,806,868
Investment income and dividends$1,793,188
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$235,600,056

Form 990s for ISO-NE

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-29990View PDF
2022-122023-08-18990View PDF
2021-122022-08-22990View PDF
2020-122021-07-29990View PDF
2019-122020-10-22990View PDF
...and 10 more Form 990s
Data update history
September 22, 2024
Updated personnel
Identified 4 new personnel
October 8, 2023
Updated personnel
Identified 3 new personnel
October 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 28, 2023
Used new vendors
Identified 3 new vendors, including , , and
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizationsCharities
Issues
Energy conservationEnvironmentPublic policy
Characteristics
LobbyingReceives government fundingTax deductible donationsAccepts online donations
General information
Address
1 Sullivan Rd
Holyoke, MA 01040
Metro area
Springfield, MA
County
Hampden County, MA
Website URL
iso-ne.com/ 
Twitter profile
@isonewengland 
IRS details
EIN
04-3372500
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
W20: Government and Public Administration
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Central organization
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