Nonprofit · EIN 74-2587416
ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90
Tax-exempt · AUSTIN, TX 78744
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $543,240,707 | $444,370,700 | $98,870,007 | $7,427,062,983 | $7,083,141,002 | $343,921,981 |
| December 31, 2023 | 990 | $488,027,967 | $402,791,058 | $85,236,909 | $6,635,694,003 | $6,385,298,428 | $250,395,575 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $420,072,023
- Investment income
- $123,168,684
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $13,720,259
- Other salaries and wages
- $136,074,696
- Salaries, compensation and benefits (total)
- $195,644,928
- Professional fundraising fees
- $0
- Legal fees
- $2,664,528
- Accounting fees
- $318,024
- Occupancy
- $4,733,213
- Travel
- $1,348,043
- Depreciation
- $43,592,730
- Program services (functional)
- $351,754,223
- Management and general (functional)
- $92,616,477
Balance sheet and other
- Total assets, start of year
- $6,635,694,003
- Total assets, end of year
- $7,427,062,983
- Total liabilities, end of year
- $7,083,141,002
- Net assets, end of year
- $343,921,981
- Land, buildings and equipment
- $194,907,223
- Publicly traded securities
- $542,902,810
- Net assets without donor restrictions
- $343,921,981
- Gross receipts
- $543,240,707
- Employees
- 1,055
- Volunteers
- 10
- Year formed
- 1990
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PABLO VEGAS | BOARD MEMBER; PRESIDENT AND CEO Trustee or director, Officer | 60 | $3,558,528 | $78,876 |
| DWAYNE RICKERSON | SVP & COO Officer | 60 | $698,641 | $77,058 |
| CHAD SEELY | SVP & GENERAL COUNSEL Officer | 60 | $683,449 | $80,161 |
| JAYAPAL PARAKKUTH | SVP & CHIEF INFORMATION OFFICER Officer | 58 | $517,117 | $80,062 |
| JEYANT TAMBY | SVP, CAO & CHIEF OF STAFF Officer | 45 | $490,485 | $74,213 |
| DAN WOODFIN | VP, SYSTEM OPERATIONS Officer | 40 | $480,023 | $63,492 |
| SALLIE BETTY DAY | VP, SECURITY & COMPLIANCE AND CCO Officer | 40 | $461,454 | $78,216 |
| MARA SPAK | VP, HUMAN RESOURCES Officer | 55 | $480,516 | $57,868 |
| KRISTI HOBBS | VP, SYSTEM PLANNING & WEATHERIZATION Officer | 55 | $455,167 | $73,924 |
| SEAN TAYLOR | SVP CFO & CRO Officer | 40 | $451,605 | $71,577 |
| ROBERT BLACK | VP, PUBLIC AFFAIRS Officer | 40 | $416,163 | $62,321 |
| NATHAN BIGBEE | DEPUTY GENERAL COUNSEL Highest-paid employee | 57 | $395,021 | $78,773 |
| VENKATA TIRUPATI | VP, DEV OPERATIONS & GRID TRANSFORMATION Officer | 70 | $370,904 | $77,766 |
| BRANDON GLEASON | DEPUTY GENERAL COUNSEL Highest-paid employee | 60 | $374,135 | $66,972 |
| BRYAN HANLEY | SR DIRECTOR, IT INFRASTRUCTURE Highest-paid employee | 55 | $362,962 | $73,880 |
22 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK MINER | SR DIRECTOR, CORPORATE COMMUNICATIONS Highest-paid employee | 50 | $349,090 | $76,502 |
| DAVID KEZELL | DIRECTOR, WEATHERIZATION & INSPECTION Highest-paid employee | 40 | $340,515 | $82,576 |
| ADAM MARTINEZ | VP, ENTERPRISE RISK & STRATEGY Officer | 40 | $362,229 | $56,453 |
| BRANDT RYDELL | ASSISTANT GENERAL COUNSEL Officer | 40 | $298,183 | $78,260 |
| RICHARD SCHEEL | SVP CFO & CRO Officer | 55 | $311,788 | $62,881 |
| JOHN MESSER | DIRECTOR, MARKET APPLICATION SERVICES Former | 50 | $309,906 | $62,613 |
| AJAY MANNEPALLI | DIRECTOR, SR IT ARCHITECTURE & STRATEGY Key employee | 40 | $294,886 | $73,596 |
| LESLIE SWANSON | SR DIRECTOR, CONTROLLER & TREASURER Former | 40 | $285,568 | $50,828 |
| KENAN OGELMAN | VP, COMMERCIAL OPERATIONS Officer | 40 | $265,792 | $42,058 |
| KEITH COLLINS | VP, COMMERCIAL OPERATIONS Officer | 60 | $220,725 | $47,143 |
| JONATHAN LEVINE | ASST. GC AND ASST. CORP. SEC. Officer | 40 | $199,793 | $45,283 |
| BILL FLORES | DIRECTOR Trustee or director | 20 | $205,000 | $0 |
| GILBERT HUGHES | VP, PUBLIC AFFAIRS Officer | 40 | $162,787 | $27,969 |
| PEGGY HEEG | BOARD MEMBER Trustee or director | 11 | $188,750 | $0 |
| JOHN SWAINSON | BOARD MEMBER Trustee or director | 2 | $185,000 | $0 |
| ROBERT FLEXON | BOARD MEMBER Trustee or director | 10 | $167,930 | $0 |
| JULIE ENGLAND | BOARD MEMBER Trustee or director | 6 | $164,167 | $0 |
| CARLOS AGUILAR | BOARD MEMBER Trustee or director | 4 | $160,000 | $0 |
| LINDA CAPUANO | BOARD MEMBER Trustee or director | 10 | $160,000 | $0 |
| BENJAMIN BARKLEY | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| PAUL FOSTER | BOARD MEMBER Trustee or director | 15 | $0 | $0 |
| COURTNEY HJALTMAN | BOARD MEMBER Trustee or director | 25 | $0 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PABLO VEGAS | BOARD MEMBER; PRESIDENT AND CEO Trustee or director, Officer | 40 | $2,126,425 | $75,754 |
| CHAD SEELY | SR. VP, GENERAL COUNSEL Officer | 40 | $965,184 | $77,103 |
| JEYANT TAMBY | SR. VP AND CAO & CHIEF OF STAFF Officer | 40 | $638,708 | $80,938 |
| SEAN TAYLOR | VP & CFO Officer | 40 | $554,962 | $73,285 |
| KENAN OGELMAN | VP, COMMERCIAL OPERATIONS Officer | 40 | $552,368 | $55,317 |
| MARA SPAK | VP, HUMAN RESOURCES Officer | 40 | $544,802 | $55,340 |
| JAYAPAL PARAKKUTH | VP & CIO Officer | 40 | $515,684 | $80,049 |
| DWAYNE RICKERSON | SVP & COO Officer | 40 | $494,853 | $75,213 |
| SALLIE BETTY DAY | VP, SECURITY & COMPLIANCE AND CCO Officer | 40 | $443,420 | $75,437 |
| DAN WOODFIN | VP, SYSTEM OPERATIONS Officer | 40 | $448,177 | $60,938 |
| ROBERT BLACK | VP, PUBLIC AFFAIRS Officer | 40 | $432,176 | $74,439 |
| KRISTI HOBBS | VP, SYSTEM PLANNING & WEATHERIZATION Officer | 40 | $431,032 | $71,327 |
| NATHAN BIGBEE | DEPUTY GENERAL COUNSEL Highest-paid employee | 40 | $397,477 | $75,182 |
| BRANDON GLEASON | DEPUTY GENERAL COUNSEL Highest-paid employee | 40 | $379,416 | $55,635 |
| JIMMY HARTMANN | DIRECTOR, CONTROL ROOM OPERATIONS Highest-paid employee | 40 | $338,717 | $67,568 |
| JONATHAN LEVINE | ASST. GC & ASST. CORP. SEC. Officer | 40 | $301,666 | $71,665 |
| DAVE MAGGIO | PRINCIPAL, COMMERICAL OPERATIONS Highest-paid employee | 40 | $316,760 | $55,596 |
| BRYAN HANLEY | SR. DIRECTOR, IT INFRASTRUCTURE Highest-paid employee | 40 | $297,241 | $71,288 |
| LESLIE WILEY | DIRECTOR, TREASURER Key employee | 40 | $292,915 | $51,900 |
| JOHN MESSER | DIRECTOR, MARKET APPLICATION SERVICES Former | 40 | $255,630 | $54,871 |
| AJAY MANNEPALLI | DIRECTOR, IT ARCH. & STRATEGY Former | 40 | $239,178 | $65,464 |
| BILL FLORES | BOARD MEMBER Trustee or director | 4 | $150,052 | $0 |
| PEGGY HEEG | BOARD MEMBER Trustee or director | 4 | $138,802 | $0 |
| ROBERT FLEXON | BOARD MEMBER Trustee or director | 4 | $138,802 | $0 |
| JOHN SWAINSON | BOARD MEMBER Trustee or director | 4 | $129,750 | $0 |
| CARLOS AGUILAR | BOARD MEMBER Trustee or director | 4 | $123,500 | $0 |
| JULIE ENGLAND | BOARD MEMBER Trustee or director | 4 | $123,500 | $0 |
| LINDA CAPUANO | BOARD MEMBER Trustee or director | 4 | $80,000 | $0 |
| COURTNEY HJALTMAN | BOARD MEMBER Trustee or director | 4 | $0 | $0 |
| PAUL FOSTER | BOARD MEMBER Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8000 METROPOLIS DR BLDG E STE, AUSTIN, TX 78744-3149
- Principal officer (990 for 2024)
- PABLO VEGAS, 8000 METROPOLIS DR BUILDING E 100, AUSTIN, TX 78744
- Signed the 990
- RICHARD SCHEEL, SVP CFO & CRO
- Phone
- (512) 225-7000
- Website
- WWW.ERCOT.COM
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
WE SERVE THE PUBLIC BY ENSURING A RELIABLE GRID, EFFICIENT ELECTRICITY MARKETS, OPEN ACCESS, AND RETAIL CHOICE.
Program accomplishments
- ERCOT SUCCESSFULLY MANAGES THE FLOW OF ELECTRICITY TO MORE THAN 27 MILLION CUSTOMERS IN THE STATE OF TEXAS, WHICH INCLUDES THE MANAGEMENT OF FINANCIAL SETTLEMENT FOR THE COMPETITIVE WHOLESALE BULK-POWER MARKET AND THE ADMINISTRATION OF ELECTRIC PROVIDER ACCOUNT SWITCHING IN COMPETITIVE CHOICE AREAS.Expenses $239,930,883 · revenue $427,204,998
- ERCOT ACTS AS THE SERVICER AND ADMINISTRATOR FOR THE SUBCHAPTER N BONDS. UNDER THE ERCOT NODAL PROTOCOLS RELATING TO THE SUBCHAPTER N UPLIFT BALANCE SECURITIZATION, ERCOT BILLS MARKET PARTICIPANTS DAILY IN AMOUNTS SUFFICIENT TO PROVIDE PAYMENTS OF DEBT SERVICE AND OTHER REQUIRED AMOUNTS AND REMITS THOSE FUNDS TO THE TRUSTEE.Expenses $100,192,115 · revenue $100,192,115
- ERCOT ACTS AS THE SERVICER AND ADMINISTRATOR FOR THE SUBCHAPTER M BONDS. UNDER THE ERCOT NODAL PROTOCOLS RELATING TO THE SUBCHAPTER M DEFAULT BALANCE SECURITIZATION, ERCOT BILLS MARKET PARTICIPANTS MONTHLY IN AMOUNTS SUFFICIENT TO PROVIDE PAYMENTS OF DEBT SERVICE AND OTHER REQUIRED AMOUNTS AND REMITS THOSE FUNDS TO THE TRUSTEE.Expenses $11,631,225 · revenue $11,631,225
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2587416
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W800)
- Assets (IRS master file)
- $7,427,062,983
- Income (IRS master file)
- $543,240,707
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $543,240,707 | $444,370,700 | $7,427,062,983 | XML |
| 990 | December 2023 | $488,027,967 | $402,791,058 | $6,635,694,003 | XML |
| 990 | December 2022 | $355,423,897 | $328,536,901 | $6,964,387,654 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-2587416).
Questions about ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90
- What is the EIN of ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90?
- The employer identification number (EIN) of ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90 is 74-2587416.
- Is ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2008.
- Are donations to ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90 tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90 file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90 due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90 last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90?
- The 990 for the year ended December 31, 2024 names PABLO VEGAS.
- Who are the officers and directors of ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90?
- The 990 for the year ended December 31, 2024 lists 37 people; 34 received compensation from the organization, the highest $3,558,528 (PABLO VEGAS, BOARD MEMBER; PRESIDENT AND CEO).
- How much revenue does ELECTRIC RELIABILITY COUNCIL OF TEXAS INC 10-10-90 have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $543,240,707, expenses of $444,370,700 and total assets of $7,427,062,983 at year end.
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