2016-11-15T17:28:58-05:00 2015-12-31 PRICEWATERHOUSECOOPERS LLP 600 13TH ST NW SUITE 1000 WASHINGTON DC 20005 990 2015-01-01 943274043 CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATION % DENNIS ESTRADA CALI 9163514400 250 OUTCROPPING WAY FOLSOM CA 95630 RYAN SEGHESIO CFO & TREASURER 9163514400 2016-11-15 true KATRINA D WALKER P00997158 2024141000 2015 2017-02-10 21:41:12Z STEPHEN BERBERICH 250 OUTCROPPING WAY FOLSOM CA 95630 238170799 false X WWW.CAISO.COM X 1997 CA CALIFORNIA ISO'S MISSION STATEMENT HAS BEEN INCLUDED ON SCHEDULE O. 5 5 646 0 0 0 0 213714511 213451976 1892337 2446071 109157 113703 215716005 216011750 0 0 0 0 109274751 113219382 0 0 0 105156742 87865633 214431493 201085015 1284512 14926735 826368570 729768636 714916896 605037242 111451674 124731394 X CALIFORNIA ISO'S MISSION STATEMENT HAS BEEN INCLUDED ON SCHEDULE O. false false 178762654 213565679 THE ORGANIZATION ACTS AS THE SYSTEM OPERATOR OF AN INTEGRATED STATEWIDE ELECTRICITY TRANSMISSION GRID. 178762654 true false false true false false false false false false true false true false true false true false false false false false false false false false false false false true true false false false false false false false false false false false false false false false true false false false true 122 0 true 646 true false false false false false false false false false false X 5 5 false false false false false true false true true false false true true true true true true true true false CA X DENNIS ESTRADA 9163512235 250 OUTCROPPING WAY FOLSOM CA 95630 ASHUTOSH BHAGWAT BOARD OF GOVERNORS 4.0 0.0 X 46250 0 0 ANGELINA GALITEVA BOARD OF GOVERNORS 4.0 0.0 X 47000 0 0 RICHARD MAULLIN CHAIRMAN, BOARD OF GOVERNORS 4.0 0.0 X 51000 0 0 DAVID OLSEN BOARD OF GOVERNORS 4.0 0.0 X 56500 0 0 MARK FERRON BOARD OF GOVERNORS(FROM 09/14) 4.0 0.0 X 23696 0 0 STEPHEN BERBERICH PRESIDENT & CEO 40.0 0.0 X 1222271 0 133809 KEITH CASEY VP, MKT AND INFRASTRUCTURE DEV 40.0 0.0 X 663937 0 75855 ROGER COLLANTON VP, GEN CNSL & CHIEF COMP OFF 40.0 0.0 X 571628 0 81779 KAREN EDSON VP, POLICY AND CLIENT SERVICES 40.0 0.0 X 622352 0 87989 PETAR RISTANOVIC VP, TECHNOLOGY 40.0 0.0 X 617842 0 89525 MARK ROTHLEDER VP, MKT QTY & RENEW INTEGRTN 40.0 0.0 X 626065 0 107904 ERIC SCHMITT VP, OPERATIONS 40.0 0.0 X 582181 0 66585 RYAN SEGHESIO CFO & TREASURER 40.0 0.0 X 309357 0 56589 KHALED ABDUL-RAHMAN EXC DIR, PWR SYS&SMRT GRD TECH 40.0 0.0 X 347603 0 50546 HUGO FRECH DIR, IT INFRA ENGR & NTWK OPS 40.0 0.0 X 245413 0 48927 REBECCA REGAN EXEC DIRECTOR, HUMAN RESOURCES 40.0 0.0 X 309457 0 58181 NANCY TRAWEEK EXEC. DIR., SYSTEM OPERATIONS 40.0 0.0 X 331878 0 68588 JOHN ANDERS LEAD COUNSEL 40.0 0.0 X 335042 0 63731 ANTHONY IVANCOVICH DEPUTY GENERAL COUNSEL - REGUL 40.0 0.0 X 348698 0 62968 SIDNEY MANNHEIM ASST GEN COUNSEL - TARIFF 40.0 0.0 X 335873 0 45563 ANNA MCKENNA ASST GEN COUNSEL - REGULATORY 40.0 0.0 X 332941 0 46910 NEIL MILLAR EXEC DIR, INFRASTRUCTURE DEV 40.0 0.0 X 337218 0 55846 MATTHEW TURNER DIR., IT ENTERPRISE/CAMPUS OPS 40.0 0.0 X 285773 0 57430 DEBORAH LE VINE DIR, INFRASTCR CNTRCTS & MGMT 40.0 0.0 X 306073 0 48319 8956048 0 1307044 479 true true false SIEMENS INDUSTRY INC DEPT CH 14381 PALATINE IL 600554381 ENGINEERING SERVICES 6647061 CORESTAFF SERVICES PO BOX 60876 CHARLOTTE NC 282600876 TEMPORARY STAFFING 2488238 ALSTON BIRD LLP 1201 W PEACHTREE STREET ATLANTA GA 30309 LEGAL 993379 ANDREWS INTERNATIONAL PO BOX 935461 ATLANTA GA 311935461 SECURITY 897708 TECH-NET INC 101 PARKSHORE DRIVE SUITE 100 FOLSOM CA 95630 IT PROFESSIONALS 761204 39 0 GRID MANAGEMENT CHARGE 221000 196718110 196718110 LGIP REVENUES 221000 8362940 8362940 COI PATH OPERATOR FEES 221000 2000001 2000001 MSS REVENUES/FORECASTING FEES 221000 2546836 2546836 EIM REVENUES 221000 3647344 3647344 176745 176745 213451976 2068029 2068029 0 0 0 0 0 22535532 1559 22159049 376483 1559 378042 378042 0 0 0 OTHER MISCELLANEOUS INCOME 900099 113703 113703 113703 216011750 213565679 2446071 X 0 0 0 0 6755585 4155707 2599878 0 84101396 76235791 7865605 9854988 8933298 921690 7297624 6615112 682512 5209789 4722542 487247 0 2399179 2277459 121720 881281 881281 85807 85807 0 0 24331340 21070125 3261215 85868 8850 77018 3942182 3262261 679921 13228909 12149590 1079319 0 3005060 2727011 278049 2165199 1840191 325008 0 764451 601658 162793 9199105 9199105 0 24328028 24328028 1975856 1975856 TRAINING EXPENSES 1137121 332557 804564 PROFESSIONAL & MEMBER DUES 336247 217562 118685 201085015 178762654 22322361 0 0 0 493243471 378951564 0 0 11411186 18540442 0 0 0 0 0 0 0 0 7961820 6679446 613572082 438559174 180296082 175012908 91802596 98008537 0 0 28736827 40293639 0 0 12916588 12282100 826368570 729768636 40433101 42444742 0 0 0 0 201617016 196539346 0 0 0 0 0 0 0 0 472866779 366053154 714916896 605037242 X 107639449 104206148 0 0 3812225 20525246 111451674 124731394 826368570 729768636 X 14926735 -1647015 X false true X true false X X 1 STATE OF CALIFORNIA 680284175 6 false 0 0 1 0 0 true true false false false false false false false false false false false false false true false PART IV, SECTION A, LINE 1 SEE SCHEDULE O. PART IV, SECTION A, LINE 2 SEE SCHEDULE O. 85807 85807 200999208 201085015 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 72463 73853 113089 85807 345212 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 9098162 9098162 140394498 33216738 107177760 3423718 2842872 580846 37121438 31798430 5323008 423534266 370701134 52833132 175012908 INVESTMENTS - LGIP 40293639 F 40293639 0 REFUND OBLIGATIONS 2316175 EMPLOYEE BENEFIT PLAN OBLIGATION 21495386 DUE TO MARKET PARTICIPANTS 342241593 366053154 214365126 -1647015 -1647015 216012141 -391 -391 216011750 201085406 391 391 201085015 201085015 PART XI, LINE 4B LOSS ON SALE OF ASSETS (391) PART XII, LINE 2D LOSS ON SALE OF ASSETS 391 X true true X X X X false true false false false false false false false STEPHEN BERBERICH PRESIDENT & CEO 529029 0 600000 0 93242 0 102078 0 31731 0 1356080 0 56621 0 KEITH CASEY VP, MKT AND INFRASTRUCTURE DEV 315225 0 291722 0 56990 0 74495 0 1360 0 739792 0 34365 0 ROGER COLLANTON VP, GEN CNSL & CHIEF COMP OFF 294237 0 245895 0 31496 0 60099 0 21680 0 653407 0 10553 0 KAREN EDSON VP, POLICY AND CLIENT SERVICES 289479 0 285877 0 46996 0 62218 0 25771 0 710341 0 25011 0 PETAR RISTANOVIC VP, TECHNOLOGY 292464 0 285819 0 39559 0 62514 0 27011 0 707367 0 18155 0 MARK ROTHLEDER VP, MKT QTY & RENEW INTEGRTN 286934 0 267264 0 71867 0 72980 0 34924 0 733969 0 28890 0 ERIC SCHMITT VP, OPERATIONS 295712 0 266233 0 20236 0 52180 0 14405 0 648766 0 0 0 RYAN SEGHESIO CFO & TREASURER 229911 0 79179 0 267 0 30533 0 26056 0 365946 0 0 0 KHALED ABDUL-RAHMAN EXC DIR, PWR SYS&SMRT GRD TECH 245428 0 101595 0 580 0 32344 0 18202 0 398149 0 0 0 HUGO FRECH DIR, IT INFRA ENGR & NTWK OPS 188043 0 40036 0 17334 0 29139 0 19788 0 294340 0 0 0 REBECCA REGAN EXEC DIRECTOR, HUMAN RESOURCES 225273 0 82050 0 2134 0 30350 0 27831 0 367638 0 0 0 NANCY TRAWEEK EXEC. DIR., SYSTEM OPERATIONS 244012 0 87334 0 532 0 35000 0 33588 0 400466 0 0 0 JOHN ANDERS LEAD COUNSEL 236385 0 79299 0 19358 0 35000 0 28731 0 398773 0 0 0 ANTHONY IVANCOVICH DEPUTY GENERAL COUNSEL - REGUL 252848 0 83168 0 12682 0 35000 0 27968 0 411666 0 0 0 SIDNEY MANNHEIM ASST GEN COUNSEL - TARIFF 251115 0 82955 0 1803 0 35682 0 9881 0 381436 0 0 0 ANNA MCKENNA ASST GEN COUNSEL - REGULATORY 245757 0 86846 0 338 0 34473 0 12437 0 379851 0 0 0 NEIL MILLAR EXEC DIR, INFRASTRUCTURE DEV 249143 0 86320 0 1755 0 28116 0 27730 0 393064 0 0 0 DEBORAH LE VINE DIR, INFRASTCR CNTRCTS & MGMT 239397 0 52138 0 14538 0 35000 0 13319 0 354392 0 0 0 MATTHEW TURNER DIR., IT ENTERPRISE/CAMPUS OPS 217791 0 47839 0 20143 0 31426 0 26004 0 343203 0 0 0 PART I, LINE 1A CALIFORNIA ISO MAINTAINS A WRITTEN POLICY THAT ALLOWS FOR THE UPGRADE TO FIRST-CLASS TRAVEL UNDER CERTAIN LIMITING SITUATIONS, SUCH AS TRANSCONTINENTAL FLIGHTS, IF APPROVED BY A MANAGER. ALL EXPENSES INCURRED THAT RELATE TO FIRST-CLASS TRAVEL MUST BE SUBSTANTIATED TO THE ISO. NONE OF THE APPROVED FIRST-CLASS TRAVEL IS TREATED AS TAXABLE COMPENSATION REPORTED ON SCHEDULE J, PART II. PART I, LINE 4B IN 2015, THE INDIVIDUALS LISTED BELOW PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. CALIFORNIA ISO CONTRIBUTED THE FOLLOWING AMOUNTS TO THE PLAN WHICH ARE INCLUDED IN THE DEFERRED COMPENSATION REPORTED ON SCHEDULE J, PART II: STEPHEN BERBERICH, PRESIDENT & CEO $72,901 KEITH CASEY, VP, MKT & INFRASTRUCTURE DEV. $37,378 ROGER COLLANTON, VP, GEN CNSL & CHIEF COMPLIANCE OFFICER $12,613 KAREN EDSON, VP, POLICY AND CLIENT SERVICES $26,957 PETAR RISTANOVIC, VP, TECHNOLOGY $20,136 MARK ROTHLEDER, VP, MARKET QUALITY & RENEWABLE INTEGRATION $31,519 ERIC SCHMITT, VP, OPERATIONS $2,115 A CA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13033W2W2 2009-07-22 201998064 FINANCE, DESIGN & CONSTR OF NEW HQ true false false B CA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13033WM67 2008-06-19 206158489 COMPUTER HARDWARE/SOFTWARE SYSTEMS true false false C CA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13034ADT4 2013-11-14 202378588 REFUNDING CIEDB SERIES 2009 BONDS false false false A 0 200000000 209037735 0 11141374 0 2130086 0 0 182391727 0 6334877 2010 false false true true B 196970000 0 212022199 0 1171502 140321639 1610587 0 0 61229761 1825000 0 2009 true false true true C 0 0 202378588 0 0 200902187 1639774 0 0 0 0 0 2013 false true true true A false false true true false 0.01730 0.00000 0.01730 true false 0.00000 false true B false false false false 0.00000 0.00000 0.00000 true true 0.00090 true true C false false false false 0.00000 0.00000 0.00000 true false 0.00000 false true A true false false 0 false 0 false true B true false false 0 true MORGAN STANLEY 6. true false true C true false false 0 false 0 false true A false B false C false PART II, LINE 3 THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE REPORTED IN PART II, LINE 3 AND THE ISSUE PRICE LISTED IN PART I, COLUMN (E) REPRESENTS INVESTMENT EARNINGS. PART III, LINE 3B THE CORPORATION ROUTINELY SEEKS ADVICE FROM BOTH IN-HOUSE AND OUTSIDE COUNSEL ON MATTERS RELATED TO PRESERVING THE TAX-EXEMPT STATUS OF BONDS ISSUED FOR THE BENEFIT OF THE CORPORATION. IN 2010, THE CORPORATION ENTERED INTO A 5-YEAR FOOD SERVICE AGREEMENT WITH A PRIVATE BUSINESS ENTITY TO OPERATE THE CAFETERIA, DINING ROOM AND KITCHEN EQUIPMENT AT THE CORPORATION'S HEADQUARTERS FACILITY, A PORTION OF THE COST OF WHICH WAS FINANCED BY TAX-EXEMPT BONDS. BECAUSE THAT INITIAL CONTRACT CALLED FOR A PRIVATE PARTY TO OPERATE ONLY A RELATIVELY SMALL PORTION OF THE HEADQUARTERS FACILITY (PROVIDING ONLY ANCILLARY SUPPORT TO THE CORE FUNCTION OF THE HEADQUARTERS FACILITY) AND WAS FOR A TERM OF ONLY 5 YEARS, THE CORPORATION SOUGHT ADVICE ON THE INITIAL CONTRACT ONLY FROM IN-HOUSE COUNSEL. DURING 2013, THE CORPORATION ENGAGED OUTSIDE COUNSEL TO REVIEW THE CONTRACT. PART I, LINE 1 - CALIFORNIA ISO'S MISSION STATEMENT: TO ENSURE EFFICIENT USE AND RELIABLE OPERATION OF THE ELECTRIC TRANSMISSION GRID OPERATED BY THE ISO, CONSISTENT WITH THE CALIFORNIA PUBLIC UTILITY CODE, CHAPTER 2.3, PART 1, DIVISION 1. THE ISO DOES NOT OWN TRANSMISSION FACILITIES, BUT IT CONTROLS THE OPERATION OF A NETWORK OF TRANSMISSION FACILITIES LOCATED THROUGHOUT MOST OF CALIFORNIA, AND ALSO CERTAIN TRANSMISSION FACILITIES LOCATED IN NEVADA,THE OWNERS OF WHICH HAVE TRANSFERRED OPERATIONAL CONTROL TO THE ISO. FOR THE BENEFIT OF OUR CUSTOMERS, WE: - OPERATE THE GRID RELIABLY AND EFFICIENTLY; - PROVIDE FAIR AND OPEN TRANSMISSION ACCESS; - PROMOTE ENVIRONMENTAL STEWARDSHIP; AND - FACILITATE EFFECTIVE MARKETS AND PROMOTE INFRASTRUCTURE DEVELOPMENT. ALL THROUGH THE PROVISION OF TIMELY AND ACCURATE INFORMATION. PART VI, LINE 7A THE BOARD OF CALIFORNIA ISO IS COMPOSED OF MEMBERS APPOINTED BY THE CALIFORNIA GOVERNOR AND CONFIRMED BY THE CALIFORNIA STATE SENATE. PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE VP, GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER, CFO, CONTROLLER, DIRECTOR OF COMMUNICATIONS, SENIOR COUNSEL - CORPORATE, EXECUTIVE DIRECTOR, HR. THE FORM 990 IS PROVIDED TO THE BOARD OF GOVERNORS PRIOR TO FILING. PART VI, LINE 12 ANNUALLY, EMPLOYEES ARE REQUIRED TO ATTEND THE ANNUAL ALL EMPLOYEE TRAINING, WHICH INCLUDES: CONFLICT OF INTEREST, SECURITY AWARENESS, EMPLOYEE RELATIONS, SAFETY AND HARASSMENT PREVENTION. EMPLOYEES ARE REQUIRED ANNUALLY TO SIGN A FORM TO DISCLOSE IF ANY POTENTIAL CONFLICT OF INTEREST EXISTS THAT MAY AFFECT THE EMPLOYEE'S ABILITY TO PERFORM HIS/HER JOB. PART VI, LINE 15A & 15B SINCE 1998, THE BOARD OF GOVERNORS OF THE ISO HAS WORKED CLOSELY WITH NATIONALLY RECOGNIZED HUMAN RESOURCES AND EXECUTIVE COMPENSATION ADVISORY FIRMS, TO DEVELOP AN APPROPRIATE COMPENSATION PROGRAM FOR THE EXECUTIVES OF THE ISO. COMPETITIVE COMPENSATION FOR ALL NON-OFFICER EMPLOYEES IS ALSO ESTABLISHED BY ANNUAL THIRD-PARTY COMPENSATION SURVEYS. THESE FIRMS HELPED THE BOARD OF GOVERNORS DETERMINE THE APPROPRIATE LEVELS OF EXECUTIVE COMPENSATION BY COMPILING EXTENSIVE MARKET DATA CONCERNING EXECUTIVE COMPENSATION FOR POSITIONS SIMILAR TO EXECUTIVE POSITIONS AT THE ISO. THESE FIRMS HISTORICALLY HAVE MET WITH THE BOARD OF GOVERNORS AT LEAST ANNUALLY TO PRESENT EXECUTIVE COMPENSATION MARKET DATA, MAKE RECOMMENDATIONS AND OTHERWISE DISCUSS EXECUTIVE COMPENSATION ISSUES. THE BOARD RELIED ON THE COMPARABILITY DATA TO DETERMINE THE APPROPRIATE COMPENSATION, APPROVED THE COMPENSATION, AND DOCUMENTED THE APPROVAL IN ITS MINUTES. PART VI, LINE 19 THE ORGANIZATION MAKES AVAILABLE ON ITS WEBSITE (ACCESSIBLE BY THE PUBLIC) THE FINANCIAL STATEMENTS, THE CODE OF CONDUCT POLICY, THE TARIFF (RULES OF THE ISO MARKET), THE ARTICLES OF INCORPORATION (AND ALL AMENDMENTS), THE CORPORATE BY-LAWS AND THE MINUTES OF THE BOARD OF GOVERNORS' MEETINGS (EXCEPT FOR THE EXECUTIVE SESSIONS). SCHEDULE A, PART IV, SECTION A, LINE 1 THE CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATION ("CAL ISO") WAS CREATED PURSUANT TO SPECIFIC LEGISLATION (ASSEMBLY BILL 1890 - CHAPTER 854, CALIFORNIA STATUTES OF 1996) IN WHICH THE STATE OF CALIFORNIA ASSUMED A SUBSTANTIALLY INCREASED ROLE IN PROMOTING COMPETITION IN THE SUPPLY OF ELECTRICITY IN CALIFORNIA IN ORDER TO ACCOMPLISH A MEANINGFUL IMMEDIATE REDUCTION IN THE OVERALL PRICE OF ELECTRIC SERVICE TO THE GENERAL PUBLIC THROUGHOUT CALIFORNIA. THE BOARD OF CAL ISO IS COMPOSED OF MEMBERS APPOINTED BY THE CALIFORNIA GOVERNOR AND CONFIRMED BY THE CALIFORNIA STATE SENATE. SCHEDULE A, PART IV, SECTION A, LINE 2 AS A GOVERNMENTAL UNIT, THE STATE OF CALIFORNIA DOES NOT HAVE AN IRS DETERMINATION LETTER CLASSIFYING IT AS A PUBLIC CHARITY UNDER SECTION 509(A)(1) OR (2) OF THE INTERNAL REVENUE CODE. THE STATE OF CALIFORNIA QUALIFIES AS A PUBLIC CHARITY UNDER SECTION 509(A)(1) BECAUSE IT QUALIFIES AS A GOVERNMENTAL UNIT. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANTS TOTAL FEES:6101613 FORM 990 PART IX LINE 11G DESCRIPTION:RECRUITMENT/TEMPORARY STAFFING TOTAL FEES:6579810 FORM 990 PART IX LINE 11G DESCRIPTION:LGIP/OTHER CONTRACTS TOTAL FEES:11649917 STATE OF CALIFORNIA 680284175 GOVERNMENT CA 6 N/A NA false false false false false false false false false false false false false false false false false false false false