Cause IQ organization profile

ISO New England (ISO-NE)

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

ISO-NE is a public sector improvement organization based in Holyoke, MA that was founded in 1997. As of 2020 they had $194 million in revenue and $566 million in assets.

ISO New England is the not-for-profit corporation responsible for overseeing the region's bulk power grid, wholesale electricity markets, and power system planning.

EIN:
04-3372500
City:
State:
Metro:
Website:
Twitter:
Founded:
1997
Type:
501(c)(3)
NTEE:
Revenue:
$194,266,780
Assets:
$566,816,092
Employees:
675
Fiscal year end:
December
Revenue trends:
Asset trends:

Program areas at ISO-NE

Reference Line 4a: Energy Administration - ISO New England Inc. (ISO-NE) is the not-for-profit organization authorized by the federal government to perform three critical activities to ensure the reliable and safe supply of electricity throughout New England. Through its first activity, Energy Administration, ISO-NE ensures the constant availability of competitively-priced electricity for the region's 14.8 million residents by designing, refining, and administering the region's wholesale electricity markets and making sure these markets are fair and competitive. During 2019, ISO-NE was responsible for the fair administration of over $9.8 billion dollars of market transactions.

Reference Line 4c: Scheduling Service - Through its third activity, Scheduling Services, ISO-NE forecasts and schedules the electricity needed in the region for every second of every day and ensures there is enough electricity generated to meet demand and resources needed to maintain stringent reliability criteria. In conducting this activity, ISO-NE (i) monitors the flow of electricity into, out of, and over New England's high-voltage transmission system and (ii) schedules hundreds of diverse power resources and transmission components to supply just the right amount of electricity to meet the region's demand, which changes every time someone flips a switch. If too little electricity is produced, lights may not come on. Too much electricity could damage the system. ISO-NE is responsible for ensuring that the grid can withstand the sudden loss of a power plant or transmission equipment caused by weather, mechanical failure, terrorism, or other triggers.

Reference Line 4b: Reliability Administration - Through its second activity, Reliability Administration, ISO-NE ensures the reliable day-to-day operation of the region's high voltage transmission system. Among other things, this involves (i) coordinating the region's 350 power plants and 9,000 miles of high voltage transmission lines; (ii) managing the movement of high-voltage electricity into, within, and out of New England; (iii) ensuring that the six-state region has the power system resources necessary to meet consumer demand for electricity and federally-mandated reliability requirements; (iv) coordinating how transmission lines, power plants (such as coal, oil, nuclear, and natural gas-fired), and other resources connect to and operate on the power grid reliably; and (v), working with the industry to develop transmission infrastructure solutions that are essential for maintaining power system reliability. During 2019, ISO-NE coordinated the generation and transmission of the 125,823 gigawatt-hours of power consumed in the region.

Form 990s for ISO-NE

Fiscal year endingDate received by IRSFormPDF link
2019-12Oct 22, 2020990View PDF
2018-12Oct 28, 2019990View PDF
2017-12Oct 16, 2018990View PDF
2016-12Oct 11, 2017990View PDF
2015-12Jan 10, 2017990View PDF
...and six more Form 990 PDFs

Financials for ISO-NE

Field2019
Total grants, contributions, etc.$0
Program services$193,505,976
Investment income and dividends$760,670
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$134
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$194,266,780

Vendors for ISO-NE

VendorServicesAmount paidDate
Wright and Talisman PCLegal Services$1,441,8122019-12-01
████████ █████ ███Economic and Finl Consulting$1,821,8492019-12-01
█████ ████████ ███Power System Consulting$1,442,9322019-12-01
████ █████████ ███ ███Energy Management System Developer$7,815,8642019-12-01
███ ███████████ ███Engineering Services$3,073,8162019-12-01
██████Fundraising software2019-09-25
███████ ███ ████Fundraising software; Payment processing2019-09-25
██████████Marketing software; CRM software2019-09-25
...and 18 more vendors

Personnel at ISO-NE

NameTitleCompensationMost recent data
Gordon van WeliePresident , and Chief Executive Officer$1.6 millionJuly 9, 2020
Vamsi ChadalavadaExecutive Vice President and Chief Operating Officer$1.1 millionJuly 9, 2020
██████ ████████Chief Technologist$347,687Dec. 31, 2019
███████ █ █████Chief Economist$379,229Dec. 31, 2019
████ ████████Vice President , Market Monitoring-Sept. 26, 2019
███████ ████████Vice President Market Monitoring$400,001July 9, 2020
████ ████Vice President Market Development and Settlements$431,549July 9, 2020
██████ ██████Vice President System Planning / Vice President Market Operations$503,024July 9, 2020
████ ██ ██████Vice President External Affairs and Corp Communications$469,126July 9, 2020
██████ ██ █████████Vice President Human Resources$564,458July 9, 2020
...and 21 more key personnel

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