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 12/2021, New York Independent System Operator Inc employed 645 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 12/2021, New York Independent System Operator Inc generated $195.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $195.5m during the year ending 12/2021. While expenses have increased by 1.6% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

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
Director
$92,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hunton Andrews Kurth Llp
Legal Services
$5,251,161
Hitachi Energy Usa Inc
Consulting Services
$5,224,115
Potomac Economics Ltd
Consulting Services
$2,496,642
Inbox Holdings Inc
Consulting Services
$977,745
Universal Protection Services Lp
Consulting Services
$1,721,718
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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$195,595,569
Investment income $10,065
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$100,021
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $195,505,613

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