Independent Power Producers Of New York Inc

Organization Overview

Independent Power Producers Of New York Inc is located in Albany, NY. The organization was established in 1987. 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 12/2022, Independent Power Producers Of New York Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Power Producers Of New York Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2022, Independent Power Producers Of New York Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 7 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO UNITE DEVELOPERS AND PRODUCERS OF ENERGY AND SUPPLIERS OF GOODS AND SERVICES TO SUCH PRODUCERS TO PROMOTE A BUSINESS ENVIRONMENT FAVORABLE TO THE PRODUCTION OF ENERGY BY INDEPENDENT POWER PRODUCERS. TO ASSIST ITS MEMBER COMPANIES IN BECOMING THE PREMIER PROVIDERS OF ELECTRICITY IN NEW YORK STATE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ADVOCATING FAIR AND EFFICIENT COMPETITION AMONG WHOLESALE AND RETAIL SUPPLIERS OF ELECTRICITY AND OTHER POTENTIALLY COMPETITIVE ELECTRIC RESOURCES, INCLUDING RENEWABLE, FOSSIL-FUELED, NUCLEAR, DEMAND RESPONSE PROVIDERS AND CONSERVATION TECHNOLOGIES. APPROXIMATELY 100 MEMBERS SERVED.


ADVOCATING FOR FAIR GOVERNMENT OVERSIGHT TO FOSTER NEW GENERATION, FAIR BUSINESS PRACTICES AND ENVIRONMENTAL STEWARDSHIP TO FURTHER ENHANCE THE RELIABILITY OF SUPPLY AND COMPETITION OF INDEPENDENT POWER THROUGHOUT THE STATE AND THE REGION. THE ORGANIZATION WAS PROMOTING AND MAINTAINING OPEN, NONDISCRIMINATORY ACCESS TO UTILITY TRANSMISSION AND DISTRIBUTION SYSTEMS FOR ALL MARKET PARTICIPANTS AT RATES THAT FAIRLY REFLECT THE ACTUAL COST OF PROVIDING SUCH ACCESS. ASSISTED MEMBERS' EFFORTS TO RESPOND FULLY TO THE NEEDS OF CUSTOMERS. APPROXIMATELY 100 MEMBERS SERVED.


INDEPENDENT POWER PRODUCERS OF NEW YORK, INC. IS A NEW YORK STATE TRADE ASSOCIATION REPRESENTING NEARLY 75 COMPANIES INVOLVED IN THE DEVELOPMENT OF GENERATION, MARKETING, AND SALE OF ELECTRIC POWER AND NATURAL GAS. UTILITZING CUTTING-EDGE TECHNOLOGIES AND FUEL TYPES SUCH AS COGENERATION, NUCLEAR, HYDRO, COAL, WIND, LANDFILL WASTE, RESOURCE RECOVERY, AND BIOMASS. IPPNY MEMBER COMPANIES PRODUCE MORE THAN 75 PERCENT OF NEW YORK STATE'S ELECTRIC POWER.


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Board, Officers & Key Employees

Name (title)Compensation
Gordon Stuss
Director
$0
John Flumerfelt
Director
$0
David Deutsch
Director
$0
Damon Anderson
Director
$0
Richard Roloff
Director
$0
Thomas Kelly
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mcdermott Will & Emery Llp
Legal Services
$131,096
Read & Laniado Llp
Legal Services
$370,905
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$1,855,655
Investment income $27,226
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $12,529
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,895,410

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Western Pa Chapter National Electrical Contractors Assoc Inc
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Pp&l Sustainable Energy Fund Inc
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$1,612,844
Retail Energy Supply Association
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$2,096,923
Independent Power Producers Of New York Inc
Albany, NY
$1,895,410
National Electrical Contractors Association Northern Nj Chapter
Mountainside, NJ
$1,653,448
Energy Association Of Pennsylvania
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South Central Connecticut Regional Water Authority Retired Employees
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