Program areas at MISO
On december 19, 2001, Midcontinent Independent System Operator, Inc. (miso or the company) became the nation's first regional transmission organization (rto) approved by the federal energy regulatory commission (the ferc). As an rto, miso provides transmission service on behalf of its members who own transmission assets. In addition, miso is a north american electric reliability corporation (nerc) certified reliability coordinator. In that capacity, miso monitors the flow of electricity over the transmission systems of its members who own transmission assets. Miso was incorporated as a Delaware non-stock, nonprofit corporation in march 1998. The company is governed by an Independent board of directors. Membership in miso is open to owners of electric transmission facilities as well as other participants in the electric energy market. Fifty transmission owners with more than 71,800 miles of transmission lines, 191,000 megawatts of electric generation, and approximately $37.9 billion in installed gross transmission assets are currently participating in miso. On december 15, 2001, the company began providing reliability coordination services to the transmission-owning members of miso and their customers. On the same date, miso also began providing operations planning, generation interconnection, maintenance coordination, long-term regional planning, market monitoring, and dispute resolution services. The company commenced substantially all operations on february 1, 2002, the date miso began providing regional transmission service under its ferc-accepted open access transmission and energy markets tariff (the tariff). On april 1, 2005, miso formally began operating its market-based congestion management System which features the following: - day-ahead energy market - real-time energy market - financial transmission rights (ftr) market the day-ahead and real-time energy markets are designed to reliably make the most efficient use of all generation and transmission resources within the region based on bids and offers submitted by market participants. The day-ahead and real-time energy markets price transmission System congestion through the use of locational marginal pricing (lmp) algorithms. The financial transmission rights market provides a means of hedging lmp-based congestion costs. On january 6, 2009, miso began operating a market for ancillary services. The ancillary services market integrates the procurement and use of regulation and contingency reserves with the existing real-time energy market. Miso also became an nerc-certified balancing authority on january 6, 2009.
Personnel at MISO
Name | Title | Compensation | Date of data |
---|
Barbara J. Krumsiek | Chief Executive Officer | $164,375 | 2023-12-18 |
Melissa Brown | Senior Vice President and Chief Financial Officer | $1,021,472 | 2023-11-11 |
Jody Davids | Chief Information Officer | $147,000 | 2023-12-18 |
Theresa Wise | It Executive , Former Chief Information Officer of Delta Air Lines | $161,250 | 2023-12-18 |
Todd Ramey | Senior Vice President and Chief Digital Officer / Vice President - Markets and Digital Strategy / Vice President , Market System Enhancement / Vice President - System Operations and Markets / Vice President System Operations and Markets | $844,620 | 2022-12-31 |
...and 25 more key personnel |
Financials for MISO
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $102,196 | $393,794 | -74% |
Program services | $413,011,327 | $406,761,519 | 1.5% |
Investment income and dividends | $46,348,071 | $334,675 | 13748.7% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $-884,680 | $0 | -999% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $2,268,517 | $0 | 999% |
Total revenues | $460,845,431 | $407,489,988 | 13.1% |
Organizations like MISO
Organization | Type | Location | Revenue |
---|
Electric Reliability Council of Texas (ERCOT) | 501(c)(4) | Austin, TX | $355,423,897 |
New York Independent System Operator / Cheryl Hussey (NYISO) | 501(c)(3) | Rensselaer, NY | $213,525,939 |
ISO New England (ISO-NE) | 501(c)(3) | Holyoke, MA | $210,813,398 |
California Independent System Operator (CAISO) | 501(c)(3) | Folsom, CA | $255,713,716 |
Southwest Power Pool (SPP) | 501(c)(6) | Little Rock, AR | $249,826,324 |
Aqua Water Supply Corporation | 501(c)(12) | Bastrop, TX | $121,784,586 |
Ulse | 501(c)(4) | Evanston, IL | $1,619,625,676 |
Disabled American Veterans | 501(c)(4) | Erlanger, KY | $147,448,652 |
Aarp | 501(c)(4) | Washington, DC | $1,812,434,007 |
FH Association | 501(c)(4) | Phoenix, AZ | $130,992,678 |
Data update history
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 14, 2024
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 13, 2023
Used new vendors
Identified 2 new vendors, including , and
July 9, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
Receives government funding
General information
- Address
- 720 City Dr
- Carmel, IN 46032
- Metro area
- Indianapolis-Carmel-Anderson, IN
- County
- Hamilton County, IN
- Website URL
- misoenergy.org/Â
- Phone
- (317) 249-5400
IRS details
- EIN
- 43-1827033
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1998
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W80: Public Utilities
- NAICS code, primary
- 2211: Electric Power Generation, Transmission, and Distribution Establishments
- Parent/child status
- Independent
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