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Electric Reliability Council Of Texas Inc 10-10-90

EIN 74-2587416 · TX · NTEE W800 · Form 990, fiscal 2023

A nonprofit membership corporation that operates the electric grid (the Texas Interconnection) serving roughly 90 percent of Texas's electric load and more than 25 million customers. As the state's independent system operator, it manages grid reliability, schedules power on transmission lines, operates the wholesale electricity market, and performs long-term planning, under oversight of the Public Utility Commission of Texas.

Financials, fiscal 2023

Revenue

$488.0M

Expenses

$402.8M

Total assets

$6.64B

Net assets

$250.4M

Operating margin

17.5%

1-year growth

37.3%

5-year growth (CAGR)

17.0%

Reserve (years of spending)

7.5

Contributions share

n/a

Programme spending

76.8%

Fundraising cost

n/a

Executive pay share

2.63%

Employees

959

Revenue per employee

$509K

Grants paid

n/a

Years filing

15

NFP Health Score: 79 / 100

Financial 77 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To ensure reliable and competitively priced electricity in Texas by enabling the efficient operation of the electric grid, facilitating market operations, creating positive incentives for infrastructure investment and improving customer service.

Revenue history