2020-10-30T14:56:21-05:00 2019-12-31 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2019-01-01 203311003 SERC RELIABILITY CORPORATION SERC 7043577372 3701 ARCO CORPORATE DRIVE NO 300 CHARLOTTE NC 28273 JASON BLAKE PRESIDENT & CEO 7043577372 2020-10-27 1 PAULA P TILLEY P00051456 7043770239 2020-10-27 66.77.128.118 2020-10-27 11:31:27 ED P ACB16137C3A0E47D76D93498BB06592BAD767A73 9DE5407AA16E57464822277332F42FD091DF6EE8 2019 2021-04-22 16:20:28Z JASON BLAKE 3701 ARCO CORPORATE DRIVE NO 300 CHARLOTTE NC 28273 26216971 0 X WWW.SERC1.ORG X 2005 NC THE MISSION OF THE SERC RELIABILITY CORPORATION (SERC) IS TO ASSURE EFFECTIVE AND EFFICIENT REDUCTION OF RISKS TO THE RELIABILITY AND SECURITY OF THE BULK POWER SYSTEM. SERC PROVIDES STATUTORY FUNCTIONS CALLED FOR IN SECTION 215 OF THE FEDERAL POWER ACT, IN ACCORDANCE WITH ITS DELEGATION AGREEMENT BETWEEN SERC AND THE NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION (NERC). SERC PROVIDES THE FOLLOWING FUNCTIONS: ANALYZE EVENTS TO IDENTIFY LESSONS LEARNED THAT WILL IMPROVE RELIABILITY; PROMOTE BPS RELIABILITY, ADEQUACY AND SECURITY; HELP DEVELOP RELIABILITY STANDARDS FOR THE NORTH AMERICAN BULK POWER SYSTEM (BPS) AND THE SERC REGION; MONITOR AND ENFORCE APPROVED MANDATORY RELIABILITY STANDARDS; REGISTER AND CERTIFY RESPONSIBLE ENTITIES UNDER THE RELIABILITY COMPLIANCE PROGRAM; ASSESS THE BPS PAST, PRESENT, AND FUTURE RISK PROFILE IN ORDER TO ASSURE RELIABILITY, ADEQUACY, AND SECURITY; AND TRAIN OPERATING PERSONNEL TO ASSURE COMPETENCE. 67 67 100 1021 0 0 0 0 18886065 26138621 4693 -40600 0 0 18890758 26098021 0 0 0 0 12287615 16134904 0 0 0 5001925 5089170 17289540 21224074 1601218 4873947 8654532 14467278 4890796 4875566 3763736 9591712 X THE MISSION OF THE SERC RELIABILITY CORPORATION (SERC) IS TO ASSURE EFFECTIVE AND EFFICIENT REDUCTION OF RISKS TO THE RELIABILITY AND SECURITY OF THE BULK POWER SYSTEM. SERC PROVIDES STATUTORY FUNCTIONS CALLED FOR IN SECTION 215 OF THE FEDERAL POWER ACT, IN ACCORDANCE WITH ITS DELEGATION AGREEMENT BETWEEN SERC AND THE NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION (NERC). SERC PROVIDES THE FOLLOWING FUNCTIONS: ANALYZE EVENTS TO IDENTIFY LESSONS LEARNED THAT WILL IMPROVE RELIABILITY; PROMOTE BPS RELIABILITY, ADEQUACY AND SECURITY; HELP DEVELOP RELIABILITY STANDARDS FOR THE NORTH AMERICAN BULK POWER SYSTEM (BPS) AND THE SERC REGION; MONITOR AND ENFORCE APPROVED MANDATORY RELIABILITY STANDARDS; REGISTER AND CERTIFY RESPONSIBLE ENTITIES UNDER THE RELIABILITY COMPLIANCE PROGRAM; ASSESS THE BPS PAST, PRESENT, AND FUTURE RISK PROFILE IN ORDER TO ASSURE RELIABILITY, ADEQUACY, AND SECURITY; AND TRAIN OPERATING PERSONNEL TO ASSURE COMPETENCE. 1 0 THE COMPLIANCE MONITORING AND ENFORCEMENT PROGRAM (CMEP) IS THE LARGEST PROGRAM AREA AT SERC, AND IS IMPLEMENTED PURSUANT TO SERC'S DELEGATION AGREEMENT AND THE NERC UNIFORM CMEP DEVELOPED UNDER SECTION 215(C) OF THE FEDERAL POWER ACT AND APPROVED BY THE FEDERAL ENERGY REGULATORY COMMISSION. THE SERC CMEP IS IMPLEMENTED BY PERSONNEL THAT ARE INDEPENDENT OF STAKEHOLDERS AND REGISTERED ENTITIES. THE SERC CMEP IS FURTHER DIVIDED INTO FIVE AREAS: COMPLIANCE MONITORING; COMPLIANCE PROGRAMS AND SERVICES; ENTITY ASSESSMENT AND MITIGATION; ORGANIZATION REGISTRATION AND CERTIFICATION; AND ENFORCEMENT.1.) THE COMPLIANCE MONITORING AREA IS RESPONSIBLE FOR CONDUCTING COMPLIANCE AUDITS, SPOT CHECKS, AND COMPLIANCE INVESTIGATIONS; FOR SERVING AS SUBJECT MATTER EXPERTS FOR ALL STANDARDS; AND FOR IMPLEMENTING THE PROCESS FOR TECHNICAL FEASIBILITY EXCEPTIONS (TFE) TO THE NERC CRITICAL INFRASTRUCTURE PROTECTION (CIP) RELIABILITY STANDARDS.2.) THE COMPLIANCE PROGRAMS AND SERVICES AREA IS RESPONSIBLE FOR IMPLEMENTING AND DEPLOYING CMEP-RELATED ANALYTICS AND COMPLIANCE ASSESSMENTS.3.) THE ENTITY ASSESSMENT AND MITIGATION AREA IS RESPONSIBLE FOR IMPLEMENTING AND DEPLOYING ENTITY INHERENT RISK ASSESSMENTS (IRA) AND INTERNAL CONTROLS EVALUATIONS (ICE); FOR SERVING AS THE SINGLE POINT OF CONTACT FOR ALL NON-COMPLIANCE ISSUES DISCOVERED AND/OR SELF-REPORTED TO THE REGION; FOR DETERMINING THE COMPLETE SCOPE OF VIOLATIONS; FOR DETERMINING THE ACTUAL AND POTENTIAL RISK POSED BY VIOLATIONS TO BPS RELIABILITY; AND FOR REVIEWING REGISTERED ENTITY MITIGATING ACTIVITIES TO ENSURE THAT ENTITIES CORRECT ISSUES AND PREVENT RECURRENCE THROUGH APPROPRIATE MITIGATION.4.) THE ORGANIZATION REGISTRATION AND CERTIFICATION AREA IS RESPONSIBLE FOR REGISTERING OWNERS, OPERATORS, AND USERS OF THE BPS REQUIRED TO COMPLY WITH NERC RELIABILITY STANDARDS; AND FOR CERTIFYING APPLICABLE ENTITIES WHO PERFORM RELIABILITY-RELATED FUNCTIONS.5.) THE ENFORCEMENT AREA EVALUATES ALL POSSIBLE VIOLATIONS OF RELIABILITY STANDARDS BY SERC REGISTERED ENTITIES AND CONDUCTS A THOROUGH ASSESSMENT TO DETERMINE IF A VIOLATION ACTUALLY OCCURRED. THE ENFORCEMENT STAFF NOTIFIES THE REGISTERED ENTITY OF ITS FINDINGS REGARDING THE VIOLATION AND ANY APPLICABLE PENALTIES OR SANCTIONS. THE ENFORCEMENT STAFF MAY ALSO ENGAGE IN SETTLEMENT NEGOTIATIONS WITH THE REGISTERED ENTITY. THE PROPOSED ENFORCEMENT ACTION, ALONG WITH ANY PROPOSED PENALTY OR SANCTIONS, IS SUBMITTED TO NERC FOR ITS REVIEW AND APPROVAL, AND SUBSEQUENT SUBMITTAL TO FERC. IF A REGISTERED ENTITY CHALLENGES THE FINDINGS OF THE VIOLATION AND/OR PENALTY, THE ENFORCEMENT STAFF PROSECUTES THE CASE BEFORE THE SERC BOARD COMPLIANCE COMMITTEE, WHICH ACTS AS SERC'S HEARING BODY. THE SECOND LARGEST PROGRAM AT SERC IS THE RELIABILITY ASSESSMENTS AND PERFORMANCE ANALYSIS (RAPA) PROGRAM. SERC'S RAPA PROGRAM PROVIDES ANALYSIS, DATA GATHERING, AND ANALYSIS OF EVENTS ON THE BPS. THE RAPA FUNCTION IDENTIFIES RELIABILITY RISKS TO THE BPS IN THE SERC FOOTPRINT FOR THE PURPOSE OF INTEGRATED RISK ANALYSIS. RAPA'S MISSION IS TO PROMOTE A CULTURE OF RELIABILITY EXCELLENCE AMONG THE OWNERS OF BPS ASSETS. THE PROGRAM ACCOMPLISHES THIS MISSION BY IDENTIFYING RISKS TO RELIABILITY, ANALYZING PERFORMANCE AND PRIORITIZING SIGNIFICANT RISKS.SERC CONDUCTS AN INDEPENDENT RELIABILITY ASSESSMENT OF THE BPS WITHIN THE SERC REGION, INCLUDING DATA GATHERING AND ANALYSIS. THE ASSESSMENT PROGRAM USES INFORMATION FROM ITS INTERNAL DATA COLLECTION SOURCES ALONG WITH OTHER PROGRAMS, SUCH AS NERC TRANSMISSION AVAILABILITY DATA SYSTEM (TADS), GENERATING AVAILABILITY DATA SYSTEMS (GADS), AND DEMAND RESPONSE AVAILABILITY DATA SYSTEM (DADS). SERC EVALUATES THE OVERALL RELIABILITY, PERFORMANCE, AND ADEQUACY OF THE SERC REGION AND REPORTS ITS RESULTS TO NERC. SERC'S WORK SUPPORTS NERC'S OBLIGATION TO PERFORM SIMILAR ANALYSIS OF THE INTERCONNECTED NORTH AMERICAN BPS. THE THIRD LARGEST PROGRAM IS TRAINING, EDUCATION, AND OPERATOR CERTIFICATION. THE SERC TRAINING, EDUCATION, AND OPERATOR CERTIFICATION PROGRAM PROVIDES EDUCATION AND TRAINING NECESSARY TO OBTAIN ESSENTIAL KNOWLEDGE ON THE OPERATIONS OF THE BPS. SERC TRAINING AND EDUCATION PROGRAMS SUPPORT THE CONTINUING EDUCATION CERTIFIED SYSTEM OPERATORS IN THE SERC REGION. THE PROGRAM'S TARGET AUDIENCE IS BPS OPERATING PERSONNEL, SYSTEM OPERATORS, OPERATIONS SUPPORT PERSONNEL, AND TRAINING PERSONNEL. SERC SUPPORTS THE DEVELOPMENT OF SERC'S STAFF TRAINING AND EDUCATION IN POWER SYSTEM OPERATING TOPICS.SERC ALSO PROVIDES EDUCATION TO REGISTERED ENTITIES THROUGH ROBUST OUTREACH ENGAGEMENTS, FOCUSING PRIMARILY ON COMPLIANCE ACTIVITIES, INTERNAL CONTROLS, AND EMERGING RELIABILITY ISSUES. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 100 1 0 0 0 0 0 0 0 0 X 67 67 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NC X GEORGE KROGSTIE 7043577372 3701 ARCO CORPORATE DRIVE STE 300 CHARLOTTE NC 28273 GREG FORD - GEORGIA SYSTEM OPERATIO CHAIR 3.00 X X 0 0 0 TODD HILLMAN - MIDCONTINENT INDEPEN VICE-CHAIR 3.00 X X 0 0 0 PANDELIS XANTHAKOS - SOUTH CAROLINA SECRETARY-TREASURER 3.00 X X 0 0 0 MARK ENNIS - ALABAMA MUNICIPAL ELEC DIRECTOR 0.50 X 0 0 0 MATTHEW FULLERTON - ALCOA POWER GEN DIRECTOR 0.50 X 0 0 0 SHAWN SCHUKAR - AMEREN SERVICES COM DIRECTOR 2.00 X 0 0 0 BRAD HIERS - CITY OF BARTOW DIRECTOR 0.50 X 0 0 0 ALLEN PUTNAM - BEACHES ENERGY SERVI DIRECTOR 0.50 X 0 0 0 MIKE CHAMBLISS - BIG RIVERS ELECTRI DIRECTOR 0.50 X 0 0 0 STEVE ECKERT - BROOKFIELD SMOKY MOU DIRECTOR 2.00 X 0 0 0 BRETT KRUSE - CALPINE ENERGY SERICE DIRECTOR 0.50 X 0 0 0 TAD JOHNSEN - CITY OF COLUMBIA MO DIRECTOR 0.50 X 0 0 0 BRAD CHASE - CITY OF LEESBURG DIRECTOR 0.50 X 0 0 0 MIKE POUCHER - CITY OF OCALA ELECTR DIRECTOR 0.50 X 0 0 0 TERRY WHITMORE - CLECO CORPORATE HO DIRECTOR 0.50 X 0 0 0 NATHAN L BROWN - COOPERATIVE ENERGY DIRECTOR 2.00 X 0 0 0 NEAL SIMMONS - CUBE HYDRO CAROLINAS DIRECTOR 0.50 X 0 0 0 NELSON PEELER - DUKE ENERGY CAROLIN DIRECTOR 2.00 X 0 0 0 DENVER YORK - EAST KENTUCKY POWER C DIRECTOR 0.50 X 0 0 0 ROY JONES - ELECTRICITIES OF NORTH DIRECTOR 0.50 X 0 0 0 JIM SCHOTT - ENTERGY DIRECTOR 2.00 X 0 0 0 DAVID TREGO - FAYETTEVILLE PUBLIC W DIRECTOR 2.00 X 0 0 0 TOM ANTHONY - FLORIDA KEYS ELECTRIC DIRECTOR 0.50 X 0 0 0 CAROL CHINN - FLORIDA MNICIPAL POWE DIRECTOR 0.50 X 0 0 0 MANNY MIRANDA - FLORIDA POWER LIGHT DIRECTOR 2.00 X 0 0 0 KEVIN WEBBER - FLORIDA PUBLIC UTILI DIRECTOR 0.50 X 0 0 0 PAUL JAKUBCZAK - FORT PIERCE UTILIT DIRECTOR 0.50 X 0 0 0 THOMAS BROWN - GAINESVILLE REGIONAL DIRECTOR 0.50 X 0 0 0 JERRY DONOVAN - GEORGIA TRANSMISSIO DIRECTOR 2.00 X 0 0 0 BARBARA QUINONES - CITY OF HOMESTEA DIRECTOR 0.50 X 0 0 0 KEVIN GADEN - ILLINOIS MUNICIPAL EL DIRECTOR 0.50 X 0 0 0 CAREN ANDERS - JEA DIRECTOR 0.50 X 0 0 0 NICK BATTY - CITY OF KEY WEST KEYS DIRECTOR 0.50 X 0 0 0 BRIAN HORTON - KISSIMMEE UTILITY AU DIRECTOR 0.50 X 0 0 0 JOEL IVY - LAKELAND ELECTRIC DIRECTOR 0.50 X 0 0 0 DENNIE HAMILTON - LEE COUNTY ELECTR DIRECTOR 0.50 X 0 0 0 TOM JESSEE - LGE AND KU SERVICES CO DIRECTOR 2.00 X 0 0 0 DAN JEWELL - LOUISIANA GENERATING L DIRECTOR 0.50 X 0 0 0 ALONZO WEAVER - MEMPHIS LIGHT GAS A DIRECTOR 0.50 X 0 0 0 DOUG LEGO - MUNICIPAL ELECTRIC AUTH DIRECTOR 2.00 X 0 0 0 KENT COCHRAN - NASHVILLE ELECTRIC S DIRECTOR 0.50 X 0 0 0 JOSEPH BUNCH - UTILITIES COMMISSION DIRECTOR 0.50 X 0 0 0 JOHN COOK - NORTH CAROLINA ELECTRIC DIRECTOR 0.50 X 0 0 0 DAVID SIMS - NORTHERN STAR GENERATI DIRECTOR 0.50 X 0 0 0 VENONA GREAFF - OCCIDENTAL CHEMICAL DIRECTOR 2.00 X 0 0 0 MICHAEL SMITH - OGLETHORPE POWER CO DIRECTOR 0.50 X 0 0 0 MARK RINGHAUSEN - OLD DOMINION ELEC DIRECTOR 0.50 X 0 0 0 TIM LYONS - OWENSBORO KY MUNICIPAL DIRECTOR 2.00 X 0 0 0 LAWRENCE HOPKINS JR - PIEDMONT ELEC DIRECTOR 0.50 X 0 0 0 STANLEY H WILLIAMS - PJM INTERCONNE DIRECTOR 2.00 X 0 0 0 JAY FARRINGTON - POWERSOUTH ENERGY DIRECTOR 0.50 X 0 0 0 DICK CHAPMAN - PRAIRIE POWER INC DIRECTOR 0.50 X 0 0 0 RAY CROOKS - REEDY CREEK IMPROVEMEN DIRECTOR 0.50 X 0 0 0 LISA JOHNSON - SEMINOLE ELECTRIC CO DIRECTOR 2.00 X 0 0 0 ARNOLD SINGLETON - SOUTH CAROLINA P DIRECTOR 2.00 X 0 0 0 KENNETH LEGG - SOUTHEASTERN POWER A DIRECTOR 2.00 X 0 0 0 ADRIANNE COLLINS - SOUTHERN COMPANY DIRECTOR 0.50 X 0 0 0 WILLIAM HUTCHISON - SOUTHERN ILLINO DIRECTOR 0.50 X 0 0 0 ROBERT MCGARRAH - CITY OF TALLAHASS DIRECTOR 2.00 X 0 0 0 NANCY TOWER - TAMPA ELECTRIC COMPAN DIRECTOR 0.50 X 0 0 0 BRAD COX - TENASKA POWER SERVICE CO DIRECTOR 2.00 X 0 0 0 JAMES R DALRYMPLE - TENNESSEE VALLE DIRECTOR 2.00 X 0 0 0 DAN ROETHEMEYER - VISTRA ENERGY COR DIRECTOR 0.50 X 0 0 0 JASON MARSHALL - WABASH VALLEY POWE DIRECTOR 0.50 X 0 0 0 MARK BROWN - CITY OF WINTER PARK DIRECTOR 0.50 X 0 0 0 ROGER CLARK - ASSOCIATED ELECTRIC C DIRECTOR 2.00 X 0 0 0 JEFF WALKER - ACES DIRECTOR 0.50 X 0 0 0 JASON BLAKE PRESIDENT/CEO 40.00 X 441130 0 72325 TIMOTHY PONSETI VICE PRESIDENT - OPERATIONS 40.00 X 433365 0 76751 HOLLY HAWKINS VICE PRESIDENT - GENERAL COUNSEL 40.00 X 308513 0 36599 BRIAN THUMM VICE PRESIDENT - PERFORMANCE IMPROVEMENT & RISK 40.00 X 280029 0 54469 GEORGE KROGSTIE CFO & CORPORATE TREASURER 40.00 X 227965 0 53213 AUGUST MCCLAINE FORMER CORPORATE SECRETARY 40.00 X 217941 0 2940 MELINDA MONTGOMERY SENIOR DIRECTOR - ADVANCED ANALYTICS 40.00 X 278584 0 47262 WILLIAM PETERSON MANAGER - OUTREACH & TRAINING 40.00 X 209238 0 46927 TODD CURL SENIOR MANAGER - COMPLIANCE MONITORING 40.00 X 210527 0 44573 JIMMY CLINE MANAGING COUNSEL 40.00 X 206255 0 31102 MICHAEL VASTANO SENIOR AUDITOR - O & P 40.00 X 200479 0 28292 GARY TAYLOR FORMER PRESIDENT/CEO 0.00 X 170265 0 9924 3184291 0 504377 54 1 1 0 ENERGY CLOUD SERVICES LLC 108 S MAIN STREET SUITE 200 SALISBURY NC 28144 IT CONTRACTORS 696956 GUIDANCE SOLUTIONS INC 4134 DEL REY AVE MARINA DEL REY CA 90292 IT CONTRACTORS 192711 SAS POINT LLC 100 SOUTH FIFTH STREET 19TH FLOOR MINNEAPOLIS MN 55402 ENFORCEMENT CONTRACTORS 147319 C5 INSIGHT INC 16405-C NORTHCROSS DR HUNTERSVILLE NC 28078 IT CONTRACTORS 112001 LCSR CONSULTING 5 DONNA LANE FLANDERS NJ 07836 CONSULTING - EXECUTIVE COACHING 109167 5 MEMBER ASSESSMENT 900099 17372216 17372216 PENALTY SANCTIONS 900099 5659718 5659718 CONTRACTS 900099 2933352 2933352 WORKSHOP REVENUE 900099 173335 173335 26138621 64759 64759 13591 0 118950 13591 -118950 -105359 -118950 13591 26098021 26019671 0 78350 X 2205240 10330449 1438105 1328768 832342 105061 27797 564789 309537 1613504 740385 880256 514894 284605 48342 21224074 1033056 1515538 6359905 3138562 298 0 127347 247867 2435242 1838799 765613 596443 0 7063776 368313 1905092 8654532 14467278 3437709 4429601 997016 27830 456071 418135 4890796 4875566 X 3763736 9591712 3763736 9591712 8654532 14467278 4873947 3125 -9298 960202 0 X X 0 1 X 1 0 435392 116051 319341 636862 403024 233838 1362988 1319724 43264 596443 DEFERRED COMPENSATION 410352 CIP 1494740 1905092 DEFERRED RENT 418135 418135 X 26210799 3125 3125 26207674 9298 -118951 -109653 26098021 21343025 118951 118951 21224074 0 21224074 PART X, LINE 2: THE CORPORATION RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF DECEMBER 31, 2019 AND 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS PART VI, LINE 1E: SOFTWARE MAKES UP THE AMOUNT IN THE "OTHER" FIXED ASSET CLASS. X 1 1 X X X X 1 1 0 JASON BLAKE PRESIDENT/CEO 397368 0 19191 0 24571 0 56500 0 15825 0 513455 0 0 0 TIMOTHY PONSETI VICE PRESIDENT - OPERATIONS 270936 0 145496 0 16933 0 56309 0 20442 0 510116 0 0 0 HOLLY HAWKINS VICE PRESIDENT - GENERAL COUNSEL 237843 0 70125 0 545 0 33965 0 2634 0 345112 0 0 0 BRIAN THUMM VICE PRESIDENT - PERFORMANCE IMPROVE 213795 0 65503 0 731 0 39924 0 14545 0 334498 0 0 0 GEORGE KROGSTIE CFO & CORPORATE TREASURER 177016 0 50000 0 949 0 32583 0 20630 0 281178 0 0 0 AUGUST MCCLAINE FORMER CORPORATE SECRETARY 17092 0 41238 0 159611 0 1577 0 1363 0 220881 0 0 0 MELINDA MONTGOMERY SENIOR DIRECTOR - ADVANCED ANALYTICS 211226 0 66500 0 858 0 37000 0 10262 0 325846 0 0 0 WILLIAM PETERSON MANAGER - OUTREACH & TRAINING 155930 0 53000 0 308 0 28359 0 18568 0 256165 0 0 0 TODD CURL SENIOR MANAGER - COMPLIANCE MONITORI 170119 0 39000 0 1408 0 25949 0 18624 0 255100 0 0 0 JIMMY CLINE MANAGING COUNSEL 170361 0 35000 0 894 0 29126 0 1976 0 237357 0 0 0 MICHAEL VASTANO SENIOR AUDITOR - O & P 158432 0 30000 0 12047 0 26909 0 1383 0 228771 0 0 0 GARY TAYLOR FORMER PRESIDENT/CEO 0 0 164496 0 5769 0 9870 0 54 0 180189 0 0 0 PART I, LINES 4A-B SCHEDULE J, PART I, LINE 4A: AUGUST MCCLAINE- $159,500.00 SCHEDULE J, PART I, LINE 4B: 457B PLAN: JASON BLAKE- $19,500.00 457B PLAN: TIMOTHY PONSETI- $19,308.73 457B PLAN: HOLLY HAWKINS- $2,301.53 457B PLAN: BRIAN THUMM- $2,924.01 FORM 990, PART III, LINE 2 ON JULY 1, 2019, SERC ASSUMED REGULATORY COMPLIANCE OVERSIGHT OF 36 ENTITIES PREVIOUSLY REGISTERED WITH THE FLORIDA RELIABILITY COORDINATING COUNCIL REGIONAL ENTITY. THIS REPRESENTED A 17% INCREASE IN THE NUMBER OF ENTITIES MONITORED BY SERC. FORM 990, PART VI, SECTION A, LINE 6 SERC RELIABILITY CORPORATION IS AN ORGANIZATION WITH MEMBERS WHO DESIGNATE THE REPRESENTATIVE TO THE GOVERNING BODY, WHICH ITSELF OR THROUGH THE EXECUTIVE COMMITTEE MAKES SIGNIFICANT DECISIONS FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A EACH BOARD MEMBER HAS A WEIGHTED VOTE IN ELECTING MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE AND AUDIT COMMITTEE REVIEWS AND AUTHORIZES THE FILING OF THE 990. A COMPLETE COPY OF THE 990 IS PROVIDED TO THE BOARD OFFICERS BEFORE IT IS FILED, AND A REDACTED COPY IS PROVIDED TO THE REMAINING BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C SERC HAS A WRITTEN CONFLICT OF INTEREST POLICY, IN WHICH ALL EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO REVIEW AND COMPLETE A WRITTEN QUESTIONNAIRE ON CONFLICTS ON AN ANNUAL BASIS. ALL SERC STAFF CONFLICTS ARE CONSOLIDATED ON A "SERC STAFF RECUSAL REQUIREMENTS" DOCUMENT. EACH SERC REPRESENTATIVE MUST RECUSE HIMSELF OR HERSELF FROM PARTICIPATION IN ANY PARTICULAR MATTER INVOLVING THE SUBJECT OF A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE OFFICERS OF THE INDEPENDENT BOARD MEET IN EXECUTIVE SESSION TO REVIEW AND APPROVE THE SALARY AND INCENTIVE PAY FOR THE OFFICERS OF THE ORGANIZATION. THE BOARD OFFICERS RELY UPON INDUSTRY DATA AND COMPENSATION STUDIES PERFORMED TO DETERMINE THE REASONABLENESS OF THE EXECUTIVES' COMPENSATION PACKAGES. COMPENSATION STUDIES ARE PERFORMED AT A MINIMUM EVERY OTHER YEAR AND INCLUDE SOURCES SUCH AS TOWERS WATSON AND OTHER SOURCES AND REGIONAL REPORTS RECEIVED FOR THE ORGANIZATION'S PARTICIPATION IN REGIONAL COMPENSATION SURVEYS. THE DELIBERATION AND DECISION IS CONTEMPORANEOUSLY SUBSTANTIATED IN MEETING MINUTES. THE BOARD-APPOINTED HUMAN RESOURCE AND COMPENSATION COMMITTEE REVIEWS AND ENDORSES THE PRESIDENT'S RECOMMENDATIONS REGARDING THE COMPENSATION OF KEY EMPLOYEES AND OTHER HIGHEST PAID EMPLOYEES. THE COMMITTEE RELIES UPON INDUSTRY DATA AND COMPENSATION STUDIES PERFORMED TO DETERMINE REASONABLENESS OF THE COMPENSATION OF HIGHEST PAID EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 39,399. OTHER THIRD PARTY CONTRACTED SERVIC 72,411. CONSULTING 191,941. CONTRACT LABOR 261,038. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.