EIN 04-3372500

ISO New England (ISO-NE)

IRS 501(c) type
501(c)(3)
Num. employees
693
Year formed
1997
Most recent tax filings
2022-12-01
Description
ISO New England (ISO-NE) helps protect the health of New England's economy and the well-being of its people by ensuring the constant availability of electricity, today and for future generations. ISO New England meets this obligation in three ways: by ensuring the day-to-day reliable operation of New England's bulk power generation and transmission system, by overseeing and ensuring the fair administration of the region's wholesale electricity markets, and by managing comprehensive, regional planning processes.
Total revenues
$210,813,398
2022
Total expenses
$210,813,398
2022
Total assets
$732,557,047
2022
Num. employees
693
2022

Program areas at ISO-NE

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 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 15.1 million residents by designing, refining, and administering in a fair and unbiased manner the region's wholesale electricity markets. During 2022, iso-ne was responsible for the fair administration of over $13.7 billion of market transactions.
Scheduling services - 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, as well as 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 and required reserve margin. 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, or other triggers.
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 operation of the region's 360 dispatchable 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 New England region has the power system resources necessary to meet consumer demand for electricity and federally-mandated reliability requirements; (iv) coordinating how transmission lines, generation, 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 2022, iso-ne coordinated the generation and transmission of the 118,878 gigawatt-hours of power consumed in the region.

Grants made by ISO-NE

GranteeGrant descriptionAmount
University of MassachusettsSupport for the College of Engineering Industry Partner Programs$11,900
Institute of Electrical and Electronics Engineers (IEEE)Support of the Region 1 Recipients for the Ieee Pes Scholarship Plus Initiative Fund.$6,000

Personnel at ISO-NE

NameTitleCompensation
Gordon van WelieBoard Member$1,924,952
Robert LudlowVice President , Chief Financial and Compl Officer$708,378
Kerim MayChief Counsel , Capacity Market / Senior Regulatory Counsel$347,564
Matthew W WhiteChief Economist$627,617
Anne C. GeorgeBoard Member$528,210
...and 22 more key personnel

Financials for ISO-NE

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$209,827,910
Investment income and dividends$984,013
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,475
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$210,813,398

Form 990s for ISO-NE

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-18990View PDF
2021-122022-08-22990View PDF
2020-122021-07-29990View PDF
2019-122020-10-22990View PDF
2018-122019-10-28990View PDF
...and 9 more Form 990s
Data update history
October 8, 2023
Updated personnel
Identified 3 new personnel
October 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 28, 2023
Used new vendors
Identified 3 new vendors, including , , and
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizationsCharities
Issues
Energy conservationEnvironmentPublic policy
Characteristics
LobbyingReceives government fundingTax deductible donations
General information
Address
1 Sullivan Rd
Holyoke, MA 01040
Metro area
Springfield, MA
County
Hampden County, MA
Website URL
iso-ne.com/ 
Twitter profile
@isonewengland 
IRS details
EIN
04-3372500
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
W20: Government and Public Administration
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Central organization
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