New York Independent System Operator Inc.
New York Independent System Operator Inc.
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About this organization
Mission
NYISO's mission, in collaboration with its stakeholders, is to serve the public interest and provide benefit to consumers by: * Maintaining and enhancing regional reliability. * Operating open, fair and competitive wholesale electricity markets. * Planning the power system for the future. * Providing factual information to policymakers, stakeholders and investors in the power system.
About
NYISO, governed by an independent board of directors and a committee structure comprised of stakeholder representatives, is subject to the oversight of the Federal Energy Regulatory Commission, and regulated in certain aspects by the New York State Public Service Commission. Its operations are also overseen by electric system reliability organizations, including the North American Electric Reliability Corporation, the Northeast Power Coordinating Council, and the New York State Reliability Council. NYISO's efforts to serve the public interest and provide benefit to consumers include: i. Operating the bulk electricity grid in New York State, managing the flow of power on more than 11,000 circuit-miles of high-voltage transmission lines, from over 700 power generating units, on a minute-to-minute basis, 24 hours-a-day, seven days-a-week. ii. Administering and monitoring New York's wholesale electricity markets, involving more than 400 market participants in daily and hourly auctions that match the buyers and sellers of power. iii. Conducting long-term planning assessments of New York State's electricity resources and power needs, and evaluating the feasibility of projects proposed to meet those needs. iv. Providing authoritative and objective data and analysis on energy issues to policy makers, regulators, market participants and other stakeholders. v. Developing and deploying communications and data management systems to optimize the dispatch of power on the bulk power system and implement wholesale electricity market design.
Interesting data from their 2020 990 filing
The purpose of the non-profit, as set forth in the filing, is “Nyiso's mission, in collaboration with its stakeholders, is to serve the public interest and provide benefit to consumers by: * maintaining and enhancing regional reliability. * operating open, fair and competitive wholesale electricity markets. * planning the power system for the future. * providing factual information to policymakers, stakeholders and investors in the power system.”.
When discussing its purpose, they were characterized as: “Nyiso's mission, in collaboration with its stakeholders, is to serve the public interest and provide benefit to consumers by: * maintaining and enhancing regional reliability. * operating open, fair and competitive wholesale electricity markets. * planning the power system for the future. * providing factual information to policymakers, stakeholders and investors in the power system.”.
- The state in which the non-profit is legally authorized to operate is NY, as reported.
- The filing confirms that the non-profit's address in 2020 was 10 KREY BOULEVARD FINANCE, RENSSELAER, NY, 12144.
- The form of the non-profit reports 628 employees as of 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Provides credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $0.
- The remuneration of the CEO of the organization is based on an independent review and approval process.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 9 independent voting members.
- The organization was formed in 1997.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization engages in lobbying activities.
- The organization pays $90,162,927 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has a business related family member transaction.
- The organization's financial statements were reviewed by an accountant.