New York Independent System Operator Inc

Organization Overview

New York Independent System Operator Inc is located in Rensselaer, NY. The organization was established in 2000. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, New York Independent System Operator Inc employed 673 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Independent System Operator Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, New York Independent System Operator Inc generated $230.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $230.4m during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE NYISO'S MISSION IS TO ENSURE POWER SYSTEM RELIABILITY AND COMPETITIVE MARKETS FOR NEW YORK IN A CLEAN ENERGY FUTURE. NYISO'S VISION IS WORKING TOGETHER WITH STAKEHOLDERS TO BUILD THE CLEANEST, MOST RELIABLE ELECTRIC SYSTEM IN THE NATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
President & Chief Executive Officer
$1,897,858
Name Not Listed
Director
$187,125
Name Not Listed
Chair, Board Of Directors
$249,250
Name Not Listed
Director
$188,250
Name Not Listed
Director
$189,750
Name Not Listed
Director
$193,875

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Potomac Economics Ltd
Consulting Services
$5,683,136
Hitachi Energy Usa Inc
Consulting Services
$6,955,813
Allied Universal Security Services
Consulting Services
$1,599,204
Hunton Andrews Kurth Llp
Legal Services
$4,696,853
Railroad19 Inc
Consulting Services
$1,319,850
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$224,667,480
Investment income $5,781,488
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $230,448,968

Grants Awarded

Over the last fiscal year, New York Independent System Operator Inc has awarded $22,000 in support to 2 organizations.

Grant RecipientAmount

IEEE FOUNDATION INC

PURPOSE: Scholarship

$10,000

TEXAS TECH FOUNDATION INC

PURPOSE: Scholarship

$12,000
View Grant Profile

Peer Organizations

Organization NameAssets
New York Independent System Operator Inc
Rensselaer, NY
$230,448,968
New Water Street Corporation
New York, NY
$184,410,475
Vermont Electric Cooperative Inc
Johnson, VT
$91,765,977
Adams Electric Cooperative Inc
Gettysburg, PA
$78,385,681
Central Electric Cooperative Inc
Parker, PA
$50,342,119
Rea Energy Cooperative Inc
Indiana, PA
$53,733,786
Tri-County Rural Electric Cooperative Inc
Mansfield, PA
$45,897,232
United Electric Cooperative Inc
Du BOIS, PA
$31,964,967
Tm Forum
Parsippany, NJ
$28,640,434
Sussex Rural Electric Cooperative Inc
Sussex, NJ
$25,482,647
Claverack Rural Electric Cooperative Inc
Wysox, PA
$29,387,147
Somerset Rural Electric Cooperative Inc
Somerset, PA
$25,841,270
Valley Rural Electric Cooperative Inc
Huntingdon, PA
$22,611,331
Northwestern Rural Electric Cooperative Association Inc
Cambridge Springs, PA
$22,536,931
School And Municipal Energy Cooperative Of Western New York
West Seneca, NY
$13,647,358
Otsego Electric Cooperative Inc
Hartwick, NY
$13,104,160
Warren Electric Cooperative Inc
Youngsville, PA
$13,047,212
Griffiss Utility Services Corporation
Rome, NY
$12,954,951
Steuben Rural Electric Cooperative Inc
Bath, NY
$12,328,406
Bedford Rural Electric Cooperative Inc
Bedford, PA
$11,384,083
Delaware County Electric Cooperative Inc
Delhi, NY
$9,633,848
Sullivan County Rural Electric Cooperative Inc
Forksville, PA
$10,321,866
New Enterprise Rural Electric Cooperative Inc
New Enterprise, PA
$9,236,961
Washington Electric Co-Operative Inc
East Montpelier, VT
$7,858,542
Roamingwood Sewer And Water Association
Lake Ariel, PA
$6,618,506

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